710 IAC 4-15-3 - Time limitations for auditors

Authority: IC 23-19-4-11

Affected: IC 23-19-4-11

Sec. 3.

(a) An examiner may not submit a compliance report for the branches of a broker-dealer for more than three (3) consecutive years.
(b) If an examiner submits a report for a broker-dealer in a fourth consecutive year, that compliance report will not be accepted, and the broker-dealer will not have complied with the requirements of IC 23-19-4-11(i).
(c) After an approved examiner submits a report on behalf of branches of a broker-dealer for three (3) consecutive years, that auditor may be engaged by that broker-dealer to complete a compliance report after two (2) years.


710 IAC 4-15-3
Securities Division; 710 IAC 4-15-3; filed Jun 28, 2010, 2:42 p.m.: 20100728-IR-710090619FRA Readopted filed 5/12/2016, 1:47 p.m.: 20160608-IR-710160136RFA

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