17-12a406.Registration by broker-dealer, agent,
investment adviser and investment adviser representative.
(a) 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 K.S.A. 17-12a611, and
amendments thereto, and paying the fee specified
in K.S.A. 17-12a410, and
amendments thereto, and any reasonable fees charged by the designee
of the administrator for processing the filing. The application
must contain:
(1) The information or record required for the filing of a
uniform application; and
(2) upon request by the administrator, any other financial or
other information or record that the administrator determines is
appropriate.
(b) Amendment. If the information or record contained in an
application filed under subsection (a) is or becomes inaccurate or
incomplete in a material respect, the registrant shall promptly file
a correcting amendment.
(c) Effectiveness of registration. If the administrator finds
that the applicant and, if applicable, the officers, directors or partners of
the applicant are of sufficient character and reputation to warrant the public
trust, and an order is not in
effect and a proceeding is not pending under K.S.A. 17-12a412, and
amendments thereto, registration becomes effective at noon on the 45th day
after a completed application is filed, unless the
registration is denied
or the administrator has
given written notice of deficiencies that are unresolved and that would
constitute grounds for denial under K.S.A. 17-12a412, and amendments
thereto.
A rule adopted or order issued under this
act may set an earlier effective date or may defer the effective
date until noon on the 45th day after the filing of any amendment
completing the application.
(d) 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 K.S.A. 17-12a412, and
amendments thereto, a registration may be automatically
renewed each year by filing such records as are required by rule
adopted or order issued under this act, by paying the fee specified
in K.S.A. 17-12a410, and amendments thereto, and by paying costs
charged
by the designee of the administrator for processing the filings.
(e) Additional conditions or waivers. A rule adopted or order
issued under this act may impose other conditions not inconsistent
with the national securities markets improvement act of 1996. An
order issued under this act 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.
History: L. 2004, ch. 154, § 23;
L. 2006, ch. 47, § 5; July 1.
17-12a406.Registration by broker-dealer, agent,
investment adviser and investment adviser representative.
(a) 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 K.S.A. 17-12a611, and
amendments thereto, and paying the fee specified
in K.S.A. 17-12a410, and
amendments thereto, and any reasonable fees charged by the designee
of the administrator for processing the filing. The application
must contain:
(1) The information or record required for the filing of a
uniform application; and
(2) upon request by the administrator, any other financial or
other information or record that the administrator determines is
appropriate.
(b) Amendment. If the information or record contained in an
application filed under subsection (a) is or becomes inaccurate or
incomplete in a material respect, the registrant shall promptly file
a correcting amendment.
(c) Effectiveness of registration. If the administrator finds
that the applicant and, if applicable, the officers, directors or partners of
the applicant are of sufficient character and reputation to warrant the public
trust, and an order is not in
effect and a proceeding is not pending under K.S.A. 17-12a412, and
amendments thereto, registration becomes effective at noon on the 45th day
after a completed application is filed, unless the
registration is denied
or the administrator has
given written notice of deficiencies that are unresolved and that would
constitute grounds for denial under K.S.A. 17-12a412, and amendments
thereto.
A rule adopted or order issued under this
act may set an earlier effective date or may defer the effective
date until noon on the 45th day after the filing of any amendment
completing the application.
(d) 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 K.S.A. 17-12a412, and
amendments thereto, a registration may be automatically
renewed each year by filing such records as are required by rule
adopted or order issued under this act, by paying the fee specified
in K.S.A. 17-12a410, and amendments thereto, and by paying costs
charged
by the designee of the administrator for processing the filings.
(e) Additional conditions or waivers. A rule adopted or order
issued under this act may impose other conditions not inconsistent
with the national securities markets improvement act of 1996. An
order issued under this act 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.
History: L. 2004, ch. 154, § 23;
L. 2006, ch. 47, § 5; July 1.
17-12a406.Registration by broker-dealer, agent,
investment adviser and investment adviser representative.
(a) 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 K.S.A. 17-12a611, and
amendments thereto, and paying the fee specified
in K.S.A. 17-12a410, and
amendments thereto, and any reasonable fees charged by the designee
of the administrator for processing the filing. The application
must contain:
(1) The information or record required for the filing of a
uniform application; and
(2) upon request by the administrator, any other financial or
other information or record that the administrator determines is
appropriate.
(b) Amendment. If the information or record contained in an
application filed under subsection (a) is or becomes inaccurate or
incomplete in a material respect, the registrant shall promptly file
a correcting amendment.
(c) Effectiveness of registration. If the administrator finds
that the applicant and, if applicable, the officers, directors or partners of
the applicant are of sufficient character and reputation to warrant the public
trust, and an order is not in
effect and a proceeding is not pending under K.S.A. 17-12a412, and
amendments thereto, registration becomes effective at noon on the 45th day
after a completed application is filed, unless the
registration is denied
or the administrator has
given written notice of deficiencies that are unresolved and that would
constitute grounds for denial under K.S.A. 17-12a412, and amendments
thereto.
A rule adopted or order issued under this
act may set an earlier effective date or may defer the effective
date until noon on the 45th day after the filing of any amendment
completing the application.
(d) 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 K.S.A. 17-12a412, and
amendments thereto, a registration may be automatically
renewed each year by filing such records as are required by rule
adopted or order issued under this act, by paying the fee specified
in K.S.A. 17-12a410, and amendments thereto, and by paying costs
charged
by the designee of the administrator for processing the filings.
(e) Additional conditions or waivers. A rule adopted or order
issued under this act may impose other conditions not inconsistent
with the national securities markets improvement act of 1996. An
order issued under this act 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.
History: L. 2004, ch. 154, § 23;
L. 2006, ch. 47, § 5; July 1.