502.406 - REGISTRATION BY BROKER-DEALER, AGENT, INVESTMENT ADVISER, AND INVESTMENT ADVISER REPRESENTATIVE.

        502.406  REGISTRATION BY BROKER-DEALER, AGENT,      INVESTMENT ADVISER, AND INVESTMENT ADVISER REPRESENTATIVE.         1.  Application for initial registration.  A person shall      register as a broker-dealer, agent, investment adviser, or investment      adviser representative by filing an application and a consent to      service of process complying with section 502.611, and paying the fee      specified in section 502.410 and any reasonable fees charged by the      designee of the administrator for processing the filing.  The      application must contain all of the following:         a.  The information or record required for the filing of a      uniform application.         b.  Upon request by the administrator, any other financial or      other information or record that the administrator determines is      appropriate.         2.  Amendment.  If the information or record contained in an      application filed under subsection 1 is or becomes inaccurate or      incomplete in a material respect, the registrant shall promptly file      a correcting amendment.         3.  Effectiveness of registration.  If an order is not in      effect and a proceeding is not pending under section 502.412,      registration becomes effective at noon on the forty-fifth day after a      completed application is filed, unless the registration is denied.  A      rule adopted or order issued under this chapter may set an earlier      effective date or may defer the effective date until noon on the      forty-fifth day after the filing of any amendment completing the      application.         4.  Registration renewal.  A registration is effective until      midnight on December 31 of the year for which the application for      registration is filed.  Unless an order is in effect under section      502.412, a registration may be automatically renewed each year by      filing such records as are required by rule adopted or order issued      under this chapter, by paying the fee specified in section 502.410,      and by paying costs charged by the designee of the administrator for      processing the filings.         5.  Additional conditions or waivers.  A rule adopted or order      issued under this chapter may impose such other conditions, not      inconsistent with the National Securities Markets Improvement Act of      1996.  An order issued under this chapter may waive, in whole or in      part, specific requirements in connection with registration as are in      the public interest and for the protection of investors.  
         Section History: Early Form
         [C24, 27, § 8580; C31, 35, § 8581-c24; C39, § 8581.29; C46,      50, 54, 58, 62, 66, 71, 73, 75, § 502.29; C77, 79, 81, § 502.406] 
         Section History: Recent Form
         97 Acts, ch 114, §13; 98 Acts, ch 1106, §14, 24; 2004 Acts, ch      1161, §31, 68         Referred to in § 502.408, 534.702, 534.704