3. It clarifies that, with respect to successor firms, neither sales representatives nor investment adviser representatives will be required to be relicensed;

4. It adds abandonment provisions with fee retention for applications, filings, exemptions and federal covered securities;

5. It adds business plans to the list of sales and advertising materials that may be required to be filed with the Securities Administrator;

6. It repeals expired transitional language;

7. It adds a provision for the public disclosure of confidential information for public protection purposes; and

8. It eliminates the hearing requirement prior to the issuance of a federal or another states's subpoena when the alleged violation would also be a violation of Maine law.