Md. Code Regs. 02.02.02.05

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

Section 02.02.02.05 - Renewal Registration as Agent

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

B. Agents of FINRA Members. An applicant for renewal registration as an agent for a broker-dealer 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. Agents of Non-FINRA Members.

(1) An applicant for renewal registration as an agent for a broker-dealer that is not a member of the FINRA shall file an application for renewal registration with the Commissioner upon Form 200a (Application for Renewal of Agents of Non-FINRA Member Broker-Dealers).

(2) The application shall contain:

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

(b) Other information the Commissioner may reasonably require.

D. Completion of Filing. An application for renewal registration as an agent 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. 02.02.02.05

Regulations .05 adopted effective January 17, 1994 (21:1 Md. R. 26)