N.J. Admin. Code § 13:47A-1.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:47A-1.3 - Financial reports to supplement application

(a) Subject to the limitations of Section 15 of the Securities Exchange Act of 1934 ( 15 U.S.C. § 78o) , an application for registration as a broker-dealer must be supplemented by a concurrent filing directly with the Bureau of a certified statement of the applicant's financial condition as of a date within 60 days of the application; provided, however, if the applicant has been engaged in business for one year or more preceding the date of the application, a certified financial statement as of the end of its last fiscal period, along with an unaudited balance sheet as of a date within 60 days of the application may be submitted directly to the Bureau concurrently with the filing of the application for registration. The concurrent filing will be considered to be a necessary part of the registration application, whether the application is filed via the CRD for FINRA members, or directly with the Bureau for non-FINRA members.

(b) The balance sheet must be signed by a principal or officer of the applicant listed on Schedule A of the Form BD and must be notarized.

Amended by R.1992 d.435, effective 11/2/1992.
See: 24 N.J.R. 2524(a), 24 N.J.R. 4060(a).
Recodified from 13:47A-1.2, stylistic revisions. Old 13:47A-1.3 Annual financial report recodified to 13:47A-1.4.
Amended by R.1997 d.451, effective 10/20/1997.
See: 29 N.J.R. 3119(a), 29 N.J.R. 4463(a).
Made this section subject to the limitations of § 15 of the Securities Exchange Act of 1934 (15 U.S.C. § 78).
Amended by R.2008 d.301, effective 10/6/2008.
See: 40 N.J.R. 2061(a), 40 N.J.R. 5820(a).
In (a), substituted "Section" for "§", "§78o" for "§78", "FINRA" for "NASD" and "non-FINRA" for "non-NASD" and deleted "of Securities" following the first occurrence of "Bureau"; and in (b), inserted "listed on Schedule A of the Form BD".