1. (a) All records required to be maintained by registered dealers and investment advisers pursuant to board rules shall be maintained at the location designated in Form 133.16 filed with the securities commissioner.
2. (b) The Securities Commissioner or his or her authorized representative may conduct on-site examinations of registered dealers and investment advisers without notice and shall be entitled to immediate and free access to all records required to be maintained pursuant to Board rules and to all locations where such records are kept. The Securities Commissioner or his or her authorized representative shall be permitted to make photostatic or computer copies of such records.
3. (c) In the alternative, the Securities Commissioner or his or her authorized representative may require that records maintained pursuant to Board rules be made available in any office of the Texas State Securities Board designated by the Securities Commissioner or his or her representative within 48 hours of a request or within a greater time period as the Securities Commissioner or the Securities Commissioner's authorized representative deems reasonable.

Source Note:The provisions of this §115.7 adopted to be effective August 23, 1991, 16 TexReg 4350; amended to be effective April 9, 1997, 22 TexReg 3221.