Section 16-39-425 - Expiration, renewal, termination of registration(a) All registrations shall automatically expire on December 31 of each year (unless sooner terminated in accordance with chapter 485A, HRS, and this chapter and shall be renewed as provided in this section.(b) A broker-dealer or issuer shall be responsible for renewing the registration of its agents at the time the broker-dealer or issuer renews its registration.(c) An application for renewal registration shall not be considered filed until the broker-dealer or issuer submits the following:(1) The renewal fee set forth in section 16-39-103; and(2) A copy of all amendments to Form U-4 of all such agents if the amendments have not been previously filed with the commissioner.(d) An agent's registration may be terminated at any time prior to its expiration date by either the broker-dealer or issuer employing the agent or by the agent filing a Form U-5 with the commissioner directly or through the CRD. Termination shall be effective when the notice of termination is received by the commissioner unless another date is indicated on the Form U-5.(e) An agent's registration shall not be transferred. When an agent terminates an affiliation with the broker-dealer or issuer with whom the agent is registered, and wishes to be employed by another broker-dealer or issuer, a notice of termination shall be filed with the commissioner. The agent may then reapply for registration with another broker-dealer or issuer by complying with the requirements of this subchapter.(f) The termination of any broker-dealer's or issuer's registration for any reason shall automatically terminate the registration of all agents registered thereunder.(g) When an agent ceases the activities of an agent, or the agent otherwise becomes ineligible to be registered, a notice to terminate the registration shall be filed with the commissioner on Form U-5 by either the agent, or the broker-dealer or issuer with whom the agent is registered. The termination of the registration shall be effective upon the commissioner's receipt of such form unless another date is indicated on the Form U-5.[Eff 6/30/08] (Auth: HRS §§ 485A-406, 485A-606) (Imp: HRS §§ 485A-406, 485A-408, 485A-409)