17-12a407.Succession and change in registration of
broker-dealer or investment adviser.
(a) Succession. A broker-dealer or investment
adviser may succeed to the current registration of another broker-dealer or
investment adviser or a notice filing of a federal covered
investment adviser, and a federal covered investment adviser may
succeed to the current registration of an investment adviser or
notice filing of another federal covered investment adviser, by filing as a
successor an application for registration pursuant to
K.S.A. 17-12a401 or 17-12a403, and amendments thereto, or a notice pursuant to
K.S.A. 17-12a405, and amendments thereto, for the unexpired portion
of the
current registration or notice filing.
(b) Organizational change. A broker-dealer or investment
adviser that changes its form of organization or state of
incorporation or organization may continue its registration by
filing an amendment to its registration if the change does not
involve a material change in its financial condition or management.
The amendment becomes effective when filed or on a date designated
by the registrant in its filing. The new organization is a
successor to the original registrant for the purposes of this act.
If there is a material change in financial condition or management,
the broker-dealer or investment adviser shall file a new application
for registration. A predecessor registered under this act shall
stop conducting its securities business other than winding down
transactions and shall file for withdrawal of broker-dealer or
investment adviser registration within 45 days after filing its
amendment to effect succession.
(c) Name change. A broker-dealer or investment adviser that
changes its name may continue its registration by filing an
amendment to its registration. The amendment becomes effective when
filed or on a date designated by the registrant.
(d) Change of control. A change of control of a broker-dealer
or investment adviser may be made in accordance with a rule adopted or order
issued under this act.
17-12a407.Succession and change in registration of
broker-dealer or investment adviser.
(a) Succession. A broker-dealer or investment
adviser may succeed to the current registration of another broker-dealer or
investment adviser or a notice filing of a federal covered
investment adviser, and a federal covered investment adviser may
succeed to the current registration of an investment adviser or
notice filing of another federal covered investment adviser, by filing as a
successor an application for registration pursuant to
K.S.A. 17-12a401 or 17-12a403, and amendments thereto, or a notice pursuant to
K.S.A. 17-12a405, and amendments thereto, for the unexpired portion
of the
current registration or notice filing.
(b) Organizational change. A broker-dealer or investment
adviser that changes its form of organization or state of
incorporation or organization may continue its registration by
filing an amendment to its registration if the change does not
involve a material change in its financial condition or management.
The amendment becomes effective when filed or on a date designated
by the registrant in its filing. The new organization is a
successor to the original registrant for the purposes of this act.
If there is a material change in financial condition or management,
the broker-dealer or investment adviser shall file a new application
for registration. A predecessor registered under this act shall
stop conducting its securities business other than winding down
transactions and shall file for withdrawal of broker-dealer or
investment adviser registration within 45 days after filing its
amendment to effect succession.
(c) Name change. A broker-dealer or investment adviser that
changes its name may continue its registration by filing an
amendment to its registration. The amendment becomes effective when
filed or on a date designated by the registrant.
(d) Change of control. A change of control of a broker-dealer
or investment adviser may be made in accordance with a rule adopted or order
issued under this act.
17-12a407.Succession and change in registration of
broker-dealer or investment adviser.
(a) Succession. A broker-dealer or investment
adviser may succeed to the current registration of another broker-dealer or
investment adviser or a notice filing of a federal covered
investment adviser, and a federal covered investment adviser may
succeed to the current registration of an investment adviser or
notice filing of another federal covered investment adviser, by filing as a
successor an application for registration pursuant to
K.S.A. 17-12a401 or 17-12a403, and amendments thereto, or a notice pursuant to
K.S.A. 17-12a405, and amendments thereto, for the unexpired portion
of the
current registration or notice filing.
(b) Organizational change. A broker-dealer or investment
adviser that changes its form of organization or state of
incorporation or organization may continue its registration by
filing an amendment to its registration if the change does not
involve a material change in its financial condition or management.
The amendment becomes effective when filed or on a date designated
by the registrant in its filing. The new organization is a
successor to the original registrant for the purposes of this act.
If there is a material change in financial condition or management,
the broker-dealer or investment adviser shall file a new application
for registration. A predecessor registered under this act shall
stop conducting its securities business other than winding down
transactions and shall file for withdrawal of broker-dealer or
investment adviser registration within 45 days after filing its
amendment to effect succession.
(c) Name change. A broker-dealer or investment adviser that
changes its name may continue its registration by filing an
amendment to its registration. The amendment becomes effective when
filed or on a date designated by the registrant.
(d) Change of control. A change of control of a broker-dealer
or investment adviser may be made in accordance with a rule adopted or order
issued under this act.