(a) An applicant for initial registration as
an agent of a broker-dealer or issuer shall complete a Uniform Application for
Securities Industry Registration or Transfer (Form U-4) or a successor
form.
(b) Except as provided in
subsection (c), the agent and the broker-dealer or issuer shall complete and
file with the Department:
(1) Form U-4 and
exhibits.
(2) The filing fee
required under section 602(d.1) of the act (70 P.S. §
1-602(d.1)).
(3) The compliance assessment required under
section 602.1(a)(1) of the act (70 P.S. §
1-602.1(a)(1)).
(4) Evidence of passage of the examinations
required under §
303.031 (relating to examination
requirement for agents).
(c) An applicant for registration as an agent
of a broker-dealer which is a member firm of FINRA shall file the following
items in the manner set forth in §
603.011(f)
(relating to filing requirements):
(1) A
completed and executed Form U-4 and exhibits.
(2) The filing fee required under section
602(d.1) of the act.
(3) The
compliance assessment required under section 602.1(a)(1) of the act.
(4) Evidence of passage of the examinations
required under §
303.031.
(d) An agent and broker-dealer or issuer
shall take necessary steps to ensure that material information contained in
Form U-4 remains current and accurate. If a material statement made in the Form
U-4 becomes incorrect or inaccurate, the agent and broker-dealer or issuer
shall file with the Department an amendment to Form U-4 within 30 days of the
occurrence of the event which requires the filing of the amendment.
