- (a) A request for approval of change of control as required by Arkansas Code § 23-55-604 shall be made within fifteen (15) days after learning of the proposed change of control.
(b) The request for approval shall include:
(1) A comprehensive description of the proposed change that sets forth:
- (A) The identity of all persons acquiring control under the proposed change; and
- (B) The ownership interest and managerial authority of all persons in control under the proposed change; and
(2) For each new person in control under the proposed change:
- (A) Biographical information, including employment history for the immediate previous ten (10) years; and
- (B) A signed authorization for a background investigation on a form prescribed by the Securities Commissioner.