(a) The
administrator will, in the administrator's discretion, renew a registration of
a broker-dealer, agent of a broker-dealer, or agent of an issuer as follows:
(1) an issuer or a broker-dealer that is also
not registered with NASD or required by federal law to be registered with NASD
may renew the registration of its agents by filing with the administrator a
signed, complete NASDR Form U-4, or its successor, with "AK" checked, together
with the applicable fee set out in
3
AAC 08.015;
(2) a broker-dealer that is also not
registered with NASD or required to be registered with NASD may renew its
registration by filing with the administrator a signed copy of the SEC Form BD
together with the applicable fee set out in
3
AAC 08.015;
(3) a broker-dealer who is also registered
with NASD shall renew its registration under this chapter and that of its
agents through the CRD, or any successor system, and shall comply with
applicable NASD rules regarding filing requirements, dates, and payments of
applicable fees set out in
3
AAC 08.015; and
(4) the administrator will consider an
application for renewal of registration as filed with the administrator on the
day on which notice of intention to renew is received by the administrator from
the NASD; the effective date of renewal of registrations filed through the CRD
system is January 1, unless otherwise ordered by the administrator.
(b) A state investment adviser may
renew its registration by submitting no later than December 1 of each year the
following with the administrator:
(1) a
complete, current, signed SEC Form ADV, or its successor;
(2) a surety bond on State of Alaska Form
08-100, or its successor, if required by
3
AAC 08.025;
(3) a list of the names and CRD numbers, if
applicable, of currently registered investment adviser representatives
previously approved by the administrator, with signed NASDR Form U-4, or its
successor, showing any changes from an earlier submission;
(4) a complete, current, and signed NASDR
Form U-4, or its successor, for each new applicant for investment adviser
representative and evidence that the applicant for investment adviser
representative has satisfied the qualification requirements of
3
AAC 08.013; and
(5) applicable fees for the state investment
adviser applicant and each investment adviser representative as set out in
3
AAC 08.015.
(c) The effective date of renewal of
registrations for state investment advisers and for their investment adviser
representatives is January 1, unless otherwise ordered by the
administrator.
(d) A federal
covered adviser may renew its notice filing by providing no later than December
1 of each year an optional cover letter stating the renewal of notice of intent
to provide advisory services as a federally covered adviser and by submitting
the following with the administrator
(1) a
signed page 1 of SEC Form ADV, and a copy of the most recent Schedule I, or its
successor, for the federal covered adviser;
(2) a list of the names and CRD numbers, if
applicable, of currently registered investment adviser representatives
previously approved by this state, with signed NASDR Form U-4, or any similar
document as filed with SEC, showing any changes from the information submitted
previously to the administrator;
(3) a complete, current, and signed NASDR
Form U-4, or any similar document as filed with the SEC, for each new
investment adviser representative having a place of business in this state
together with evidence that the investment adviser representative has satisfied
the qualification requirements of
3
AAC 08.013; and
(4) applicable fees for the federal covered
adviser to file renewal of notice and for each investment adviser
representative as set out in
3
AAC 08.015.
(e) The effective date of renewal of a
federal covered adviser notice and a renewal of registration for their
investment adviser representatives is January 1, unless otherwise ordered by
the administrator.
(f) If a
registration for a broker-dealer, agent, state investment adviser, or
investment adviser representative or a notice filing by a federal covered
adviser is expired for one year or more, a holder of the expired registration
or notice who wishes to reactivate it
(1) may
not use the renewal procedures in this section; and
(2) must submit an initial application for
registration or an initial notice as required by
3
AAC 08.011.
