CODE OF VIRGINIA

RULES AND FORMS (§ 13.1-523)

A. The Commission shall have authority from time to time to make, amend and
rescind such rules and forms as may be necessary to carry out the provisions of
this chapter, including rules and forms governing registration statements,
applications and reports, and defining accounting, technical and trade terms
used in this chapter insofar as such definitions are not inconsistent with the
provisions of this chapter. Among other things, the Commission shall have
authority, for the purposes of this chapter, to prescribe the content and form
of financial statements and to direct whether they should be certified by
independent public or certified accountants. For the purpose of rules and forms,
the Commission may classify securities, persons and matters within its
jurisdiction and prescribe different requirements for different classes.

B. All such rules and forms shall be available for distribution at the office of
the Commission either in printed or electronic format.

C. No provision of this chapter imposing any liability shall apply to any act
done or omitted in conformity with any rule of the Commission, notwithstanding
that such rule may, after such act or omission, be amended, rescinded or found
for any reason to be invalid.

HISTORY: 1956, c. 428; 2003, c. 595.