Section 16-39-105 - Action on documents submitted to the commissioner; extension(a) The commissioner shall accept or deny documents submitted to the commissioner within forty-five calendar days after the date the documents were submitted.(b) An application for registration as a brokerdealer, agent, investment adviser, or investment adviser representative shall become effective at noon on the forty-fifth day after a completed application is filed unless:(1) Otherwise provided by state or federal law; or(2) An earlier effective date is specified by rule or order.(c) To be complete, the document shall consist of the appropriate form described in section 16-39104, together with any additional documents or information and fees required under this chapter or chapter 485A, HRS, or requested by the commissioner.(d) The commissioner shall notify an applicant within forty-five calendar days of an application being received if the application is not complete and shall provide the applicant a list of the documents, information, and fees that must be filed in order to have the application deemed complete. An applicant shall have an additional forty-five calendar days from the receipt of the commissioner's letter within which to complete the pending document. If the document has not been completed within this time, it may be denied by the commissioner pursuant to section 485A-412, HRS, or be withdrawn by the applicant.[Eff 6/30/08] (Auth: HRS §§ 26-9, 91-13.5, 485A-606) (Imp: HRS § 91-13.5)