Haw. Code R. § 16-38-5.6 - Registration; expiration, renewal, termination
(a) All
registrations shall automatically expire on December 31 of each year (unless
sooner terminated) and shall be renewed as provided in this section. A dealer
or issuer shall be responsible for renewing the registration of its
salespersons at the time the dealer or issuer renews its registration. A member
of the NASD shall renew its registration with the commissioner by filing the
renewal documents and fees through the CRD. All other dealers and issuers shall
renew their registration by annually filing, not earlier than November 1 or
later than December 1 of the current registration year, an originally executed
copy of page one of Form BD together with:
(1) All amendments to Form BD that have
previously been filed with the commissioner;
(2) A list of all salespersons of the dealer
that are renewing their registrations for the coming calendar year;
(3) A copy of all amendments to Forms U- 4 of
all such salespersons if such amendments have not been previously filed with
the commissioner;
(4) A Form U- 5
on each registered salesperson of the dealer who is not renewing its
salesperson registration; and
(5) A
renewal fee as set forth in section 16-38-3 for the dealer and for each
salesperson renewing a registration.
Dealers who fail to file a complete renewal with the commissioner by December 1 shall be subject to a penalty of one hundred per cent of the renewal fee.
(b) Where registrations are permitted to
expire on December 31 without the filing of a renewal therefor, a subsequent
application shall be considered in all respects as an original
application.
(c) Registration of a
dealer may be terminated prior to the expiration date by filing a Form BD-W
with the commissioner. Termination of the dealer's registration for any reason
shall automatically terminate the registration of each registered salesperson
of the dealer.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.