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Ex. AGY-ST-INSURANCE-BANKING-063 Order Primary source read

Memorandum to registrants of March 24, 2020

Regarding the ongoing developments related to the coronavirus (COVID-19) situation (Division operations; telework; remote examinations)

Benjamin Schrope, Interim Director, Securities Division · New Mexico; Securities Division, Regulation and Licensing Department (State securities regulator) (Sector regulator)

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The record

Jurisdiction
New Mexico; Securities Division, Regulation and Licensing Department (State securities regulator) · New Mexico
Level
Sector regulator
Authority
N.M. Stat. Ann. § 58-13C-601
Issued
2020-03-24 Mar. 24, 2020
Effective
2020-03-24
End
During the telework period (read as 2020-06-30)
In force
Mar. 24, 2020 to June 30, 2020
Quarters
2020 Q2
Limitation types
Telework mandateOther
Addressees
  • registrants and stakeholders of the New Mexico Securities Division
Functions reached
  • WM registrants (examinations conducted remotely)
  • OP the regulator's own office closed to in-person work
Collection
State insurance and banking regulators AGY-ST-INSURANCE-BANKING

Operative words

As of March 24, 2020: Division staff are primarily teleworking from home... [The Division will conduct] remote examinations using phone and email correspondence in lieu of [on-site examinations]... [staff will use] forms of telecommunications technology to complete their work in a virtual [environment].

Enforcement

Administrative notice (no penalty provision)

Notes

Weaker instrument (operational notice); retained as the regulator's record that its own offices moved to telework.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.