Current through Register Vol. 54, No. 25, June 22, 2024
Section 303.013 - Agent registration procedures(a) An applicant for initial registration as an agent of a broker-dealer or issuer shall complete a Uniform Application for Securities Industry Registration or Transfer (Form U-4) or a successor form.(b) Except as provided in subsection (c), the agent and the broker-dealer or issuer shall complete and file with the Department: (1) Form U-4 and exhibits.(2) The filing fee required under section 602(d.1) of the act (70 P.S. § 1-602(d.1)).(3) The compliance assessment required under section 602.1(a)(1) of the act (70 P.S. § 1-602.1(a)(1)).(4) Evidence of passage of the examinations required under § 303.031 (relating to examination requirement for agents).(c) An applicant for registration as an agent of a broker-dealer which is a member firm of FINRA shall file the following items in the manner set forth in § 603.011(f) (relating to filing requirements): (1) A completed and executed Form U-4 and exhibits.(2) The filing fee required under section 602(d.1) of the act.(3) The compliance assessment required under section 602.1(a)(1) of the act.(4) Evidence of passage of the examinations required under § 303.031.(d) An agent and broker-dealer or issuer shall take necessary steps to ensure that material information contained in Form U-4 remains current and accurate. If a material statement made in the Form U-4 becomes incorrect or inaccurate, the agent and broker-dealer or issuer shall file with the Department an amendment to Form U-4 within 30 days of the occurrence of the event which requires the filing of the amendment.The provisions of this § 303.013 adopted March 29, 1974, effective 3/30/1974, 4 Pa. B. 582; amended April 4, 1975, effective 4/5/1975, 5 Pa. B. 722; amended June 28, 1985, effective 6/29/1985, 15 Pa.B. 2392; amended January 17, 1992, effective 1/18/1992, 22 Pa.B. 280; amended December 28, 2001, effective 12/29/2001, 31 Pa.B. 7032; transferred and renumbered from 64 Pa. Code § 303.013, December 14, 2012, effective 12/15/2012, 42 Pa.B. 7533; amended January 12, 2018, effective 1/13/2018, 48 Pa.B. 389.The provisions of this § 303.013 amended under sections 303(a), (c) and (d) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. §§ 1-303(a), (c) and (d) and 1-609(a)); section 202.C of the Department of Banking and Securities Code (71 P.S. § 733-202.C); and section 9(b) of the Takeover Disclosure Law (70 P.S. § 79(b)).
This section cited in 10 Pa. Code § 603.031 (relating to public inspection of records).