Md. Code Regs. 02.02.02.02

Current through Register Vol. 51, No. 24, December 2, 2024

Section 02.02.02.02 - Renewal Registration as Broker-Dealer

A. Scope. This regulation governs applications for renewal registration as a broker-dealer in Maryland.

B. FINRA Members. An applicant that is a member of the FINRA shall:

(1) File with the CRD the fee required by the Maryland Securities Act, Corporations and Associations Article, § 11-407, Annotated Code of Maryland; and

(2) File with the Commissioner other information the Commissioner may reasonably require.

C. Non-FINRA Members.

(1) An applicant that is not a member of the FINRA shall file with the Commissioner an application upon Form 200 (Renewal of Registration of Non-FINRA Broker-Dealer).

(2) The application shall contain:

(a) A financial statement prepared in accordance with 17 CFR § 240.17a-5(d) (SEC Rule 17a-5(d), Annual Filing of Audited Financial Statements), which is incorporated by reference;

(b) The fee required by the Maryland Securities Act, Corporations and Associations Article, § 11-407, Annotated Code of Maryland; and

(c) Other information the Commissioner may reasonably require.

D. Completion of Filing. An application for renewal registration as a broker-dealer is not considered filed for purposes of the Maryland Securities Act, Corporations and Associations Article, § 11-406, Annotated Code of Maryland, until the required fee and all required submissions have been received by the Commissioner.

Md. Code Regs. 02.02.02.02

Regulations .02 adopted effective January 17, 1994 (21:1 Md. R. 26)