Department of Financial Institutions (DFI)
Administrative Code Chapter Group Affected:
Chs. DFI-Sec 1-36; Department of Financial Institutions-Securities
Administrative Code Chapters Affected:
Ch. DFI-Sec 1 (Revised)
Ch. DFI-Sec 2 (Revised)
Ch. DFI-Sec 3 (Revised)
Ch. DFI-Sec 4 (Revised)
Ch. DFI-Sec 5 (Revised)
Ch. DFI-Sec 6 (Revised)
Ch. DFI-Sec 7 (Revised)
Ch. DFI-Sec 8 (Revised)
Ch. DFI-Sec 9 (Revised)
Ch. DFI-Sec 10 (Revised)
Ch. DFI-Sec 11 (Revised)
Ch. DFI-Sec 31 (Revised)
Ch. DFI-Sec 32 (Revised)
Ch. DFI-Sec 34 (Revised)
Ch. DFI-Sec 35 (Revised)
Related to: Extending the validity of qualification exams if certain conditions are met, creating a registration exemption for certain merger and acquisition brokers, correcting cross-references, eliminating obsolete provisions, correcting errors, and modifying the structure of existing rules in nonsubstantive ways to improve clarity and meet current drafting standards
Comments for this rule have closed
Statement of Scope: SS 020-25
Date Statement of Scope Expires Under s. 227.135 (5), Stats.: October 7, 2027
Date Statement of Scope Approved by Governor: April 3, 2025
Date Rule Text Approved by Governor: October 2, 2025
Final Rule Text: CR 25-045 Rule Text
Date Filed With LRB: January 22, 2026
Date Published: February 23, 2026
Effective Date: March 1, 2026
| Date | Register | File |
|---|---|---|
| 2/23/2026 | 842B, Final Rules Published in Administrative Code and Final Regulatory Flexibility Analyses | CR 25-045 Rule Text |
| 1/26/2026 | 841B, Final Permanent Rules Filed with LRB for Administrative Code Publication | CR 25-045 Rule Text |
| 11/10/2025 | 839A2, Notices of Submittal of Rules to Legislature in Final Draft Form | CR 25-045 |
| 8/25/2025 | 836B, Rule-Making Notices (Hearing Notices) | CR 25-045 Hearing Information |
| 8/25/2025 | 836B, Rule-Making Notices (Hearing Notices) | CR 25-045 Rule Text |
| 8/25/2025 | 836B, Rule-Making Notices (Hearing Notices) | CR 25-045 Economic Impact Analysis |
| 6/9/2025 | 834A2, Notices of Submittal of Proposed Rules to Legislative Council Clearinghouse | CR 25-045 Submittal Notice |
| 6/9/2025 | 834A2, Notices of Submittal of Proposed Rules to Legislative Council Clearinghouse | CR 25-045 Rule Text |
| 6/9/2025 | 834A2, Notices of Submittal of Proposed Rules to Legislative Council Clearinghouse | CR 25-045 Economic Impact Analysis |
| Date | Action | Journal |
|---|---|---|
| 6/3/2025 | Received by Legislative Council | |
| 6/26/2025 | Report sent to Agency |
| Date / House | Action | Journal |
|---|---|---|
| 11/6/2025 Asm. | Report received from Agency | |
| 11/19/2025 Asm. | Referred to Committee on Financial Institutions | |
| 12/22/2025 Asm. | No action taken | |
| 12/22/2025 Asm. | Referred to joint committee for review of Administrative Rules pursuant to s. 227.19 (5) (a), Wisconsin Statutes | |
| 1/22/2026 Asm. | No action taken |
| Date / House | Action | Journal |
|---|---|---|
| 11/6/2025 Sen. | Report received from Agency | |
| 11/13/2025 Sen. | Referred to Committee on Financial Institutions and Sporting Heritage | |
| 12/15/2025 Sen. | No action taken | |
| 12/16/2025 Sen. | Referred to joint committee for review of Administrative Rules pursuant to s. 227.19 (5)(a), Wisconsin Statutes | |
| 1/22/2026 Sen. | No action taken | |
| 2/24/2026 Sen. | Effective 3-1-2026 |
