New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 11 - SECURITIES
Part 2 - BROKER-DEALERS AND AGENTS
Section 12.11.2.14 - AUTOMATIC EFFECTIVENESS
Universal Citation: 12 NM Admin Code 12.11.2.14
Current through Register Vol. 35, No. 18, September 24, 2024
Pursuant to Section 58-13C-406 C, a registration becomes automatically effective 45 days after all requirements have been met and all requested information has been filed, provided that no proceeding under Section 58-13C-412 has been instituted. A registration may become effective sooner than 45 days after the filing of an application if:
A. the director issues a registration before the expiration of 45 days; or
B. the director transmits approval of the registration status of an agent or broker-dealer through the CRD of the FINRA.
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