Automatic Effectiveness

Pursuant to Section 58-13C-406C, a registration becomes automatically effective 45 days after all requirements have been met and all requested information has been filed, provided that no proceeding under Section 58-13C-412 has been instituted. A registration may become effective sooner than 45 days after the filing of an application if: A. the director issues a registration before the expiration of 45 days; or B. the director transmits approval of the registration status of an agent or broker-dealer through the CRD of the FINRA.