Md. Code Regs. 02.02.03.09

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

Section 02.02.03.09 - Procedure for Renewal of Registration Statement

A. Definitions. As used in this regulation:

(1) "Effective date" means the date that a registration statement is declared effective by the Commissioner.

(2) "Expiration/renewal date" means the date that is 1 year from the effective date.

B. Scope of Regulation. This regulation applies to registration statements filed pursuant to the Maryland Securities Act, Corporations and Associations Article, § 11-510.1, Annotated Code of Maryland. Regulations concerning registration of securities of investment companies may be found in Regulation .10, of this chapter.

C. Filing Requirements. Subject to the provisions of the Maryland Securities Act, Corporations and Associations Article, §§ 11-511, 11-512, and 11-513, Annotated Code of Maryland, an effective registration statement that is registered pursuant to the Maryland Securities Act, Corporations and Associations Article, § 11-502, 11-503, or 11-504, Annotated Code of Maryland, may be renewed for a successive 1-year period by submitting to the Division, within the 30 days before its expiration/renewal date, the following:

(1) A manually signed U-1 application;

(2) The appropriate registration fee in the amount and made payable in the manner specified in the Maryland Securities Act, Corporations and Associations Article, § 11-506(a), Annotated Code of Maryland; and

(3) All registration or offering documents that have been amended during the registration period that have not been previously filed with the Division.

D. Retroactive Effectiveness. An application for renewal may not be given effectiveness retroactive to its expiration/renewal date for any reason, including, but not limited to, the late or deficient filing of any of the documents or materials specified in §C, of this regulation.

E. Termination. The registrant shall provide the Commissioner with written notification of the termination of the offering in this State.

Md. Code Regs. 02.02.03.09

Regulation .09 adopted effective August 6, 1990 (17:15 Md. R. 1853)
Regulation .09E adopted effective April 1, 1991 (18:6 Md. R. 684)