Section 16-38-6.3 - Registration; examination requirements(a) Unless specifically exempt, every applicant for registration as a securities salesperson shall be required to pass a written examination that tests the applicant's knowledge of the securities business.(b) The examination requirement of subsection (a) shall be deemed satisfied upon the provision of evidence to the commissioner that the applicant:(1) Has passed an examination administered by the NASD that is appropriate for the type of business that will be conducted by the salesperson; and(2) Has not had a lapse of more than two continuous years in its registration as a salesperson with the NASD or in any state since passing the examination; and(3) Notwithstanding any other provision to the contrary, the commissioner, by order, may waive the examination requirement if the commissioner determines that the examination is not necessary or appropriate in the public interest or for the protection of investors.[Eff 6/4/70; am 5/27/80; am and ren § 16-38-6, 7/30/81; am 11/5/81; am, ren § 16-38-6.3 and comp 10/12/85; am 4/4/87; am and comp 4/14/03] (Auth: HRS § 485-2) (Imp: HRS § 485-14)