Okla. Stat. tit. 71, § 71-1-406
This is the official text of Okla. Stat. tit. 71, § 71-1-406, part of Oklahoma’s Stat. tit. 71, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 71,." Browse the sections below, each linked to its official government source.
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Registration application - Time of becoming effective
Official statutory text
A. A person shall register as a broker-dealer, agent,
investment adviser, or investment adviser representative by filing
an application that contains:
1. The information required for the filing of a uniform
application, a consent to service of process complying with Section
1-611 of this title, the fee specified in Section 1-612 of this
title and any reasonable fees charged by the designee of the
Administrator for processing the filing; and
2. Upon request by the Administrator, any other financial or
other information that the Administrator determines is appropriate.
B. If the information contained in an application that is filed
under subsection A of this section is or becomes inaccurate or
incomplete in any material respect, the registrant shall promptly
file a correcting amendment.
C. If an order is not in effect and a proceeding is not pending
under Section 1-411 of this title, registration becomes effective at
noon on the 45th day after a completed application is filed unless
the registration is denied. A rule adopted or order issued under
this act may set an earlier effective date or may defer the
effective date until noon on the 45th day after the filing of any
amendment completing the application.
Oklahoma Statutes - Title 71. Securities Page 50
D. A registration is effective until midnight on December 31 of
the year for which the application for registration is filed.
Unless an order is in effect under Section 1-411 of this title, a
registration may be automatically renewed each year by filing such
records as are required by rule adopted or order issued under this
act, by paying the fee specified in Section 1-612 of this title, and
by paying costs charged by the designee of the Administrator for
processing the filings.
E. A rule adopted or order issued under this act may impose
such other conditions not inconsistent with the National Securities
Markets Improvement Act of 1996. An order issued under this act may
waive, in whole or in part, specific requirements in connection with
registration as are in the public interest and for the protection of
investors.
investment adviser, or investment adviser representative by filing
an application that contains:
1. The information required for the filing of a uniform
application, a consent to service of process complying with Section
1-611 of this title, the fee specified in Section 1-612 of this
title and any reasonable fees charged by the designee of the
Administrator for processing the filing; and
2. Upon request by the Administrator, any other financial or
other information that the Administrator determines is appropriate.
B. If the information contained in an application that is filed
under subsection A of this section is or becomes inaccurate or
incomplete in any material respect, the registrant shall promptly
file a correcting amendment.
C. If an order is not in effect and a proceeding is not pending
under Section 1-411 of this title, registration becomes effective at
noon on the 45th day after a completed application is filed unless
the registration is denied. A rule adopted or order issued under
this act may set an earlier effective date or may defer the
effective date until noon on the 45th day after the filing of any
amendment completing the application.
Oklahoma Statutes - Title 71. Securities Page 50
D. A registration is effective until midnight on December 31 of
the year for which the application for registration is filed.
Unless an order is in effect under Section 1-411 of this title, a
registration may be automatically renewed each year by filing such
records as are required by rule adopted or order issued under this
act, by paying the fee specified in Section 1-612 of this title, and
by paying costs charged by the designee of the Administrator for
processing the filings.
E. A rule adopted or order issued under this act may impose
such other conditions not inconsistent with the National Securities
Markets Improvement Act of 1996. An order issued under this act may
waive, in whole or in part, specific requirements in connection with
registration as are in the public interest and for the protection of
investors.
Status: in_force · Read it on the official government site
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