N.J. Admin. Code § 3:12-2.4 - Filing of annual report

Current through Register Vol. 54, No. 7, April 4, 2022

(a) On or before April 1 of each year, each qualified corporation shall file an annual report on a form approved by the Commissioner containing the following:
1. The address of the principal corporate office;
2. The address of the principal office located in this State;
3. The names and home addresses of corporate directors and executive officers;
4. An unqualified audited financial statement as of the end of its most recent fiscal year prepared by a certified public accountant or a public accountant disclosing its assets, liabilities and capital;
5. Proof of fidelity insurance coverage required by 3:12-4.1;
6. The opinion of a certified public accountant or public accountant required by 3:12-2.3(b); and
7. A filing fee of $ 100.00.
(b) The president or vice president of the corporation shall certify that the information contained on the annual report was reviewed by the Board of Directors and is true to the best of his or her knowledge and belief.
(c) A transfer agent owned by a bank holding company or financial holding company as defined by the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 may submit, in lieu of (a)4 and 6 above, the following:
1. An unqualified opinion from the parent holding company's independent auditor as to the parent holding company's financial statement for the year to which the annual report pertains;
2. A letter to the Commissioner of Banking and Insurance attesting that the parent holding company provides and will continue to provide financial support to the transfer agent; and
3. A statement from the parent holding company's internal auditor, who shall be either a certified public accountant or a public accountant, confirming compliance with the verification requirements of 3:12-2.3(a) and offering an opinion as to the transfer agent's financial statement, sufficiency of internal controls and adequacy of the separation of functions.


N.J. Admin. Code § 3:12-2.4
Amended by R.1997 d.300, effective 7/21/1997.
See: 29 N.J.R. 1583(a), 29 N.J.R. 3241(a).
Amended section name and rewrote section.
Amended by R.2006 d.233, effective 6/19/2006.
See: 38 N.J.R. 5(a), 38 N.J.R. 2671(a).
Substituted "April 1" for "December 31" in introductory sentence of (a).
Amended by R.2008 d.98, effective 4/21/2008.
See: 40 N.J.R. 5(a), 40 N.J.R. 2109(a).
In the introductory paragraph of (a), substituted "On or before" for "As of"; and added (c).

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