Application for Registration

PURPOSE: This rule prescribes the information to be contained in and the documents to accompany, applications for registration as broker-dealer or sales representative. PUBLISHER’S NOTE: The secretary of state has determined that the publication of the entire text of the material which is incorporated by reference as a portion of this rule would be unduly cumbersome or expensive. Therefore, the material which is so incorporated is on file with the agency who filed this rule, and with the Office of the Secretary of State. Any interested person may view this material at either agency’s headquarters or the same will be made available at the Office of the Secretary of State at a cost not to exceed actual cost of copy reproduction. The entire text of the rule is printed here. This note refers only to the incorporated by reference material. (1) The application for registration as brokerdealer shall contain the information as follows: (A) As to initial registration, the information specified in the application (Form BD), accompanied by the filing fee (section 409.850, RSMo), consent to service of process (Form BD) (section 409.838, RSMo), copies of articles of incorporation and any corporate resolutions, audited financial statement (15 CSR 30-59.090), unaudited financial statement accompanied by a computation of net capital (FOCUS Report, Form X-17A-5)(15 CSR 30-59.100(5)), general plan of business or appropriate schedule of Form BD, a surety bond if required (15 CSR 30-59.120), fidelity bond (15 CSR 3059.120), bank reference letter or letter of credit, offering circular sample forms and stationery and an appropriate personal information schedule of Form BD for each officer, director, partner and proprietor; or (B) As to renewal registration, the information specified in the execution page of the Form BD, attached to any amendments to the Form BD not filed previously, accompanied by the filing fee (section 409.830, RSMo and 15 CSR 30-59.030(2)), a disclosure statement (15 CSR 30-59.190) and applicable financial statement accompanied by a net capital computation (FOCUS Report Form X-17A-5) (15 CSR 30-59.100(5)) (see also 15 CSR 30-59.170(3)–(6)). (2) The application for initial and renewal registration as sales representative shall contain the information as follows: (A) Initial registration of sales representatives, the information specified in the Form U-4 (see 15 CSR 30-59.020, accompanied by the filing fee (section 409.850, RSMo), a photograph taken within one (1) year, a surety bond if required (15 CSR 30-59.120) and proof of passing any required examinations (15 CSR 30-59.080); and (B) As to renewal registration of sales representatives of broker-dealers, the information specified in the application (Form C-16, see 15 CSR 30-59.040) and accompanied by the filing fee (section 409.850, RSMo and 15 CSR30-59.030(2)). (3) Any amendment of an application shall be filed, by the appropriate form marked “AMENDED” (section 409.858(7), RSMo), with the commissioner. (4) Any application which has been on file for a period of six (6) months or more without any affirmative action by the applicant to and Sales Representatives complete the application shall be considered to have been withdrawn. AUTHORITY: sections 409.850, 409.858(7) and 409.836, RSMo 1986.* This rule was previously filed as 15 CSR 30-60.020. Emergency rule filed Oct. 2, 1985, effective Oct. 12, 1985, expired Feb. 9, 1986. Original rule filed Aug. 22, 1986, effective Jan. 30, 1987. *Original authority: 409.836, RSMo 1985; 409.850, RSMo 1985; and 409.858, RSMo 1985.