Ch. 613

1997 LAWS OF MARYLAND

(3) SUCH OTHER INFORMATION AS THE COMMISSIONER BY RULE OR
ORDER MAY REQUIRE.

[(c)] (D) (E) The Commissioner in [his] THE COMMISSIONER'S discretion
may publish an announcement of the applicants for registration in the newspapers [he]
THE COMMISSIONER determines.

[(d)] (E) (F) If a denial order is not in effect and a proceeding is not pending
under §§ 11-412 through 11-414 of this subtitle, registration becomes effective at noon of
the 30th day after an application is filed. The Commissioner by rule or order may specify
an earlier effective date, and [ he] THE COMMISSIONER by order may defer the effective
date until noon of the 30th day after the filing of any amendment.

11-406.

(a)     A broker-dealer or investment adviser may obtain a renewal registration by
filing with the Commissioner or any entity [he] THE COMMISSIONER designates by rule
or order an application containing whatever information the Commissioner by rule
requires to keep current the information contained in the application for initial
registration.

(b)     A broker-dealer or issuer may obtain a renewal registration for the agents
associated with it by filing with the Commissioner or any entity [he] THE
COMMISSIONER designates by rule or order an application containing the names of the
agents associated with it and a certification that, to the best knowledge, information, and
belief of the broker-dealer or issuer:

(1)     There has been no change in the information contained in the agents'
applications for the registration then currently in effect; or

(2)     If there has been any such change, specifying the change.

(c)     [ An] A FEDERAL COVERED ADVISER WHO HAS FILED A NOTICE UNDER §
11-405(B) OF THIS SUBTITLE OR AN investment adviser may obtain a renewal registration
for the investment adviser representatives associated with it by filing with the
Commissioner or any entity [he] THE COMMISSIONER designates by rule or order an
application containing the names of the representatives associated with it and a
certification that, to the best knowledge, information, and belief of the FEDERAL
COVERED ADVISER OR THE investment adviser:

(1)     There has been no change in the information contained in the
investment adviser representatives' applications for the registration currently in effect; or

(2)     If there has been any such change, specifying the change.

(d)     [Every] AN application for renewal registration is effective on receipt by the
Commissioner of the proper application and fee or on the expiration of the previous
registration, whichever date is later.

11-407.

(a) (1) [Every] AN applicant for initial or renewal registration as a
broker-dealer shall pay a [filing] fee of $250.

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