6 Del. Admin. Code § 200-F-600

Current through Register Vol. 28, No. 5, November 1, 2024

Section 200-F-600 - Registration of Broker-Dealers

(a) A person applying for a license as a broker-dealer in Delaware shall make application for such license on Form BD (Uniform Application for Broker-Dealer Registration). Amendments to such applications shall also be made on Form BD.

(b) An applicant shall file its application, together with the fee required by Section 73-302 of the Act, and shall file with the Director such other information as the Director may reasonably require.

(c) Registration expires at the end of the calendar year. Any broker-dealer may renew its registration by filing with the Financial Industry Regulatory Authority's (hereinafter, "FINRA") Central Registration Depository (herineafter, "CRD") such information as is required by FINRA, together with the fee required by the Act.

(d) Except for a broker-dealer that is a sole proprietorship or the substantial equivalent, a broker-dealer registered with the Director shall register with the Director at least one broker-dealer agent.

(e) For the purposes of Section 73-302(a) of the Act, an application will not be deemed complete until a broker-dealer is also registered through CRD with FINRA, with the Securities and Exchange Commission, and with the principal state in which the broker-dealer does business (if registration in such state is required by that state), or at the discretion of the Director.

(f) An application for registration will not be effective until the registration has been approved by the Unit on CRD.

6 Del. Admin. Code § 200-F-600

1 DE Reg 1978 (6/1/98)
7 DE Reg 213 (8/1/03)
15 DE Reg. 529 (10/01/11)
18 DE Reg. 394 (11/1/2014) (Final)