808 Ky. Admin. Regs. 10:120 – Registration files. | Midpage

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Kentucky Administrative Regulations

Rule 120

808 Ky. Admin. Regs. 10:120

Registration files.

Effective Feb 27, 20201 Ky.R. 1097; 11 Ky.R. 1909KRS 292.500(3)Public Protection Cabinet - Department of Financial Institutions

RELATES TO:

KRS Chapter 292

STATUTORY AUTHORITY:

KRS 292.500(3)

NECESSITY, FUNCTION, AND CONFORMITY:

To require that broker-dealer registration files are kept current.

Section 1. Every registered broker-dealer and investment adviser shall promptly amend its registration file upon the happenings of any of the following events:
1. (1) Any change in the registrant's certifying accountant and a detailed statement of the reasons therefor.
2. (2) Any change in the registrant's net capital position which would result in a violation of the minimum net capital requirements.
3. (3) Any change in the control of the registrant.
4. (4) The institution of any material legal proceeding to which the registrant is a party.
5. (5) Any change in the address of the registrant or of any branch offices to the registrant.
6. (6) Any material change on the operations of the registrant.

History

(SR 330(11)(c)-1; 1 Ky.R. 1097; eff. 6-11-75; Am. 11 Ky.R. 1909; eff. 7-9-85; Crt eff. 2-27-2020.)