Code of Maryland Regulations
Title 02 - OFFICE OF THE ATTORNEY GENERAL
Subtitle 02 - DIVISION OF SECURITIES
Chapter 02.02.05 - Investment Adviser Regulations
Section 02.02.05.22 - Cancellation of Investment Adviser and Investment Adviser Representative Applications
Current through Register Vol. 51, No. 6, March 22, 2024
A. Abandonment of Application. For purposes of this regulation and the Maryland Securities Act, Corporations and Associations Article, § 11-414, Annotated Code of Maryland, an application is considered abandoned if the applicant has failed to pursue the application for initial registration in a diligent manner.
B. Notice of Proposed Cancellation. Before the Commissioner cancels an application for initial registration because the applicant has abandoned the application, the Commissioner shall send the applicant notice of the proposed cancellation at least 15 days before issuing an order of cancellation. The notice shall be sent by certified mail, return receipt requested, to the last known address of the applicant as specified in the application or correspondence with the Division.
C. Request for Time to Complete Application.
D. Final Action.