Md. Code Regs. 02.02.02.02 - Renewal Registration as Broker-Dealer

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

B. FINRA Members. An applicant 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. Non-FINRA Members.

(1) An applicant that is not a member of the FINRA shall file with the Commissioner an application upon Form 200 (Renewal of Registration of Non-FINRA Broker-Dealer).

(2) The application shall contain:

(a) A financial statement prepared in accordance with 17 CFR § 240.17a-5(d) (SEC Rule 17a-5(d), Annual Filing of Audited Financial Statements), which is incorporated by reference;

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

(c) Other information the Commissioner may reasonably require.

D. Completion of Filing. An application for renewal registration as a broker-dealer 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.

Notes

Md. Code Regs. 02.02.02.02

Regulations .02 adopted effective January 17, 1994 (21:1 Md. R. 26)