1. (a) Filing requirement. Notice of termination of registration shall be promptly given:

   1. (1) on behalf of a broker-dealer by filing a Form BDW. The Form BDW of a FINRA-member broker-dealer shall be filed with the CRD. The Form BDW of a non-FINRA member broker-dealer terminating registration shall be filed with the Department.
   2. (2) on behalf of an agent by filing a Form U5. The Form U5 for an agent terminating registration with a FINRA member broker-dealer shall be filed with the CRD. The Form U5 for an agent terminating registration with a non-FINRA broker-dealer shall be filed with the Department.
2. (b) Responsibility for filing on behalf of an agent. A completed Form U5 signed by the broker-dealer or the issuer will be accepted as fulfilling the statutory requirements of both the broker-dealer or issuer and the agent. Upon verification that the Form U5 has not been filed by the broker-dealer or issuer, the agent shall notify the Department in writing of said termination.
3. (c) Amendments. If the information contained in a Form BDW or Form U5 becomes inaccurate or incomplete, the broker-dealer, issuer, or agent shall promptly file a correcting amendment after learning of the facts or circumstances giving rise to the amendment.
4. (d) Effect of failure to file. In the event of termination, the filing of a future application for registration shall not be considered complete until a termination notice is filed.

Added at 21 Ok Reg 2532, eff 7-1-04

Amended at 30 Ok Reg 2066, eff 8-1-13

Amended at 37 Ok Reg 2194, eff 11-1-20

Amended at 38 Ok Reg 2503, eff 11-1-21

Amended at 42 Ok Reg, Number 20, effective 8-15-25