N.Y. Financial Services Law § 302: Regulations by superintendent

§ 302. Regulations by superintendent. (a) The superintendent shall

have the power to prescribe and from time to time withdraw or amend, in

writing, rules and regulations and issue orders and guidance involving

financial products and services, not inconsistent with the provisions of

this chapter, the banking law, the insurance law and any other law in

which the superintendent is given authority:

(1) effectuating any power given to the superintendent under the

provisions of this chapter, the insurance law, the banking law, or any

other law to prescribe forms or make regulations;

(2) interpreting the provisions of this chapter, the insurance law,

the banking law, or any other applicable law; and

(3) governing the procedures to be followed in the practice of the

department.

(b) The superintendent may promulgate a list of financial products and

services excluded from regulation by the superintendent, provided that

such exclusion shall not limit in any way the ability of the

superintendent to take any actions with respect to fraud provided for in

this chapter, the insurance law, the banking law or any other applicable

law.