Haw. Code R. § 16-39-408 - Expiration, renewal, termination of registration

(a) All registrations shall automatically expire on December 31 of each year (unless sooner terminated in accordance with chapter 485A, HRS, and this chapter) and shall be renewed as provided in this section. A broker-dealer or issuer shall be responsible for renewing the registration of its agents at the time the broker-dealer or issuer renews its registration. A member of FINRA shall renew its registration with the commissioner by filing the renewal documents and fees through the CRD. All other broker-dealers and issuers shall renew their registration by annually filing, not earlier than November 1 or later than December 1 of the current registration year, an originally executed copy of page one of Form BD together with:

(1) All amendments to Form BD that have previously not been filed with the commissioner;

(2) A list of all agents of the broker-dealer that are renewing their registrations for the upcoming calendar year;

(3) A copy of all amendments to Form U-4 of all such agents if such amendments have not been previously filed with the commissioner;

(4) A Form U-5 on each registered agent of the broker-dealer who is not renewing its agent registration; and

(5) A renewal fee as set forth in section 16-39103 for the broker-dealer and for each agent renewing a registration.

(b) An application for renewal registration shall not be considered filed until the required fee and all required submissions have been received by the commissioner.

(c) Where registrations are permitted to expire on December 31 without the filing of a renewal application, a subsequent application shall be considered in all respects as an initial application.

(d) Registration may be terminated prior to the expiration date by filing a Form BD-W with the commissioner or through the CRD. Termination of the broker-dealer's registration for any reason shall automatically terminate the registration of each registered agent of the broker-dealer.

Notes

Haw. Code R. § 16-39-408

[Eff 6/30/08] (Auth: HRS § 485A-606) (Imp: HRS §§ 485A-408, 485A-409, 485A-410, 485A-406,) Comp 11/18/2023