Haw. Code R. § 16-39-455 - 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.

(b) An investment adviser shall be responsible for renewing the registration of its investment adviser representatives at the time the investment adviser renews its registration.

(c) An application for renewal registration shall not be considered filed until the investment adviser submits the following:

(1) The renewal fee set forth in section 16-39-103; and

(2) A copy of all amendments to Form U-4 of all such investment adviser representatives if such amendments have not been previously filed with the commissioner.

(d) An investment adviser representative's registration may be terminated at any time prior to its expiration date by the investment adviser employing the investment adviser representative or by the investment adviser representative by filing a Form U-5 with the commissioner directly or through the IARD. Termination shall be effective when the notice of termination is received by the commissioner unless another date is indicated on the Form U-5.

(e) An investment adviser representative's registration shall not be transferred. When an investment adviser representative terminates an affiliation with the investment adviser with whom the investment adviser representative is registered, and wishes to be employed by another investment adviser, a notice of termination shall be filed with the commissioner. The investment adviser representative may then reapply for registration with another investment adviser by complying with the requirements of this subchapter.

(f) The termination of any investment adviser's registration for any reason shall automatically terminate the registration of all agents registered thereunder.

(g) When an investment adviser representative ceases the activities of an investment adviser representative, or the investment adviser representative otherwise becomes ineligible to be registered, a notice to terminate the registration shall be filed with the commissioner on Form U-5 by either the investment adviser representative, or the investment adviser with whom the investment adviser representative is registered. The termination of the registration shall be effective upon the commissioner's receipt of such form unless another date is indicated on the Form U-5.

Notes

Haw. Code R. § 16-39-455

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