710 Ind. Admin. Code 4-7-8

Current through October 31, 2024

Section 710 IAC 4-7-8 - Expiration and renewal of registration

Authority: IC 23-19-6-5

Affected: IC 23-19-4-6

Sec. 8.

(a) All broker-dealer registrations expire January 1 of each year.

(b) Renewal applications shall be accepted after November 1 and prior to January 1 of the following year. No renewal applications shall be accepted after January 1. Renewal applications become effective by operation of law thirty (30) days after filing unless sooner approved by the commissioner. During the period after the broker-dealer registration has expired (January 1) and before the effectiveness of the renewal application, the broker-dealer shall have no authority to transact securities business.

(c) The commissioner may designate a central depository for filing of applications and renewals by broker-dealers that are members of a national securities association.

710 IAC 4-7-8

Securities Division; 710 IAC 4-7-8; filed Jun 28, 2010, 2:36 p.m.: 20100728-IR-710100044FRA

Readopted filed 5/12/2016, 1:47 p.m.: 20160608-IR-710160136RFA

Readopted filed 11/30/2022, 4:01 p.m.: 20221228-IR-710220301RFA