relative to supervision and registration requirements for associates of broker-dealers.

SB 496 exempts private residences designated by broker-dealers as supervisory locations from being classified as branch offices under securities regulations. The bill adds a definition for "residential supervisory location" as a private home used for supervising agents, provided it complies with FINRA Rule 3110.19. This directly affects broker-dealers and their associates by reducing regulatory burden for using home offices to supervise field staff. The policy change clarifies that such residences are not treated as formal branch offices for registration or supervision purposes.