1. A. As used in the Maryland Securities Act and in this subtitle, the following terms have the meanings indicated.

2. B. Terms Defined.

   1. (1) “Commissioner” means the Maryland Securities Commissioner or the designated agent of the Maryland Securities Commissioner.
   2. (2) “CRD” means the Central Registration Depository System.
   3. (3) “Division” means the Division of Securities in the Office of the Attorney General.
   4. (4) “Maryland Business Opportunities Sales Act” and “Business Opportunities Act” mean Business Regulation Article, Title 14, Subtitle 1, Annotated Code of Maryland.
   5. (5) “Maryland Franchise Registration and Disclosure Law” and “Maryland Franchise Law” mean Business Regulation Article, Title 14, Subtitle 2, Annotated Code of Maryland.
   6. (6) “Maryland Securities Act” means Corporations and Associations Article, Title 11, Annotated Code of Maryland.
   7. (7) “NASAA” means the North American Securities Administrators Association, Inc.
   8. (8) “NASD” means the National Association of Securities Dealers, Inc.
   9. (9) “SEC” means the Securities and Exchange Commission.
   10. (10) “Self-regulatory organization” or “SRO” means a national securities or commodities exchange, or an association or clearing agency that is registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission.

Authority: Corporations and Associations Article, §§11-203, 11-302, 11-305, and 11-412; Business Regulation Article, §§14-106 and 14-206; Annotated Code of Maryland

Effective date: June 1, 1962

Regulation .05 adopted as an emergency provision effective February 16, 1990 (17:5 Md. R. 633); adopted permanently effective June 11, 1990 (17:11 Md. R. 1340)

Regulation .06 adopted effective May 13, 1991 (18:9 Md. R. 1007)

Regulations .01—.06 repealed and new Regulations .01—.08 adopted effective January 17, 1994 (21:1 Md. R. 26)

Regulation .01B amended effective June 15, 1998 (25:12 Md. R. 944)

Regulation .07 amended effective June 15, 1998 (25:12 Md. R. 944)

Regulation .09 adopted as an emergency provision effective October 5, 2009 (36:22 Md. R. 1721); adopted permanently effective February 8, 2010 (37:3 Md. R. 175)