Kentucky Administrative Regulations
Title 808 - PUBLIC PROTECTION CABINET - DEPARTMENT OF FINANCIAL INSTITUTIONS
Chapter 10 - Securities
Section 808 KAR 10:050 - Application withdrawal

Universal Citation: 808 KY Admin Regs Service 10:050

Current through Register Vol. 50, No. 9, March 1, 2024

RELATES TO: KRS 292.331

NECESSITY, FUNCTION, AND CONFORMITY: KRS 292.331(6) authorizes the commissioner to promulgate administrative regulations that impose conditions on the registration of broker-dealers, investment advisers, investment adviser representatives, or agents. This administrative regulation establishes application withdrawal procedures for applicants for registration as agents, broker-dealers, investment advisers, and investment adviser representatives.

Section 1. An application for registration as agent, broker-dealer, investment adviser, or investment adviser representative shall be presumed to have been withdrawn if the applicant takes no affirmative action to consummate the registration for a period in excess of ninety (90) days from the date the application is received by the commissioner.

STATUTORY AUTHORITY: KRS 292.331(6), 292.500(3)

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