Section 63N-16-403 - Registry application - Certificate - Renewal - Removal - Notice(1)(a) Subject to Subsection (1)(b), an applicant for placement on the registry shall provide to the regulatory relief office:(i) an application in a form prescribed by the regulatory relief office; and(ii) a fee established by the regulatory relief office in accordance with Section 63J-1-504.(b) The application shall include: (i) a place for the name of the applicant, including any trade name used by the applicant in the conduct of the applicant's business;(ii) a place for a description of the activities conducted by the applicant in the state;(iii) a place for the applicant to list the applicant's: (A) authorized agents in the state, if any; and(iv) a description of general noncustodial blockchain company activities;(v) a place for the applicant to acknowledge that the applicant is a noncustodial blockchain company; and(vi) a statement notifying the applicant that the applicant may be removed from the registry if the applicant: (A) ceases to operate as a noncustodial blockchain company; or(B) engages in unlawful activity.(2)(a) Upon receipt of the application and fee described in Subsection (1), the regulatory relief office shall:(i) place the applicant on the registry; and(ii) issue a certificate of registration to the applicant.(b) A noncustodial blockchain company's registration expires one year after the day on which the noncustodial blockchain company is placed on the registry.(c) A noncustodial blockchain company may renew the noncustodial blockchain company's registration by providing to the regulatory relief office:(i) a renewal application in a form prescribed by the regulatory relief office; and(ii) a renewal fee established by the regulatory relief office in accordance with Section 63J-1-504.(3) A registered noncustodial blockchain company: (a) shall immediately provide written notice to the regulatory relief office upon ceasing to operate as a noncustodial blockchain company; and(b) may request removal from the registry in writing.(4) The regulatory relief office shall remove a registered noncustodial blockchain company from the registry if: (a) the noncustodial blockchain company's registration expires without renewal;(b) the noncustodial blockchain company provides the notice or request described in Subsection (3); or(c) the regulatory relief office knows or has reason to know the noncustodial blockchain company is engaging in unlawful activity.Added by Chapter 77, 2023 General Session ,§ 3, eff. 5/3/2023.