§ 30006 Commissioner Regulatory Exemptions

Financial Code·California

AI SummaryVerified

Key Takeaways

•The boss (commissioner) can make rules to help follow this law.
•The boss can say some places don’t have to follow all the rules if they’re already watched by other bosses (like the federal government or another California boss).
•This is about places that hold important papers (securities) for people.

Example

A big bank in California holds stocks and bonds for customers.

If the bank is already checked by the federal government, the California boss might say they don’t need to follow all the state rules too.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 30006 Commissioner Regulatory Exemptions

The commissioner may establish such rules and regulations as are reasonable or necessary to carry out the purposes and provisions of this division. The commissioner may, by rule, exempt from any or all of the provisions of this division any securities depository which the commissioner determines is subject to adequate regulatory supervision by an agency, office, or commission of the federal government or by any agency, office, or commission, other than the commissioner, of the State of California. (Added by Stats. 1972, Ch. 1057.)

Last verified: January 23, 2026

Key Terms

commission securities regulation stock the california

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 30006.

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Key Takeaways

Example

Key Terms

Related Statutes

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