17 C.F.R. § 240.15b3-1 Amendments to application.
Title 17 - Commodity and Securities Exchanges
(a) If the information contained in any application for registration as a broker or dealer, or in any amendment thereto, is or becomes inaccurate for any reason, the broker or dealer shall promptly file with the Central Registration Depository (operated by the National Association of Securities Dealers, Inc.) an amendment on Form BD correcting such information. (b) Every amendment filed with the Central Registration Depository pursuant to this section shall constitute a “report” filed with the Commission within the meaning of Sections 15(b), 17(a), 18(a), 32(a) (15 U.S.C. 78o(b), 78q(a), 78r(a), 78ff(a)) and other applicable provisions of the Act. (c) Temporary re-filing instructions. (1) Except as provided in paragraph (c)(3) of this section, every registered broker-dealer shall re-file with the Central Registration Depository, at the time the broker-dealer submits its first amendment on or after August 16, 1999 but, in any event, no later than December 15, 1999, the following information from its current Form BD (17 CFR 249.501): (i) Question 8 (if answered “Yes”, the broker-dealer must also complete relevant items in Section IV of Schedule D); (ii) Question 9 (if answered “Yes”, the broker-dealer must also complete relevant items in Section IV of Schedule D); (iii) Question 10(a) (if answered “Yes”, the broker-dealer must also complete relevant items in Section V of Schedule D); (iv) Question 10(b) (if answered “Yes”, the broker-dealer must also complete relevant items in Section VI of Schedule D); (v) Question 11 (if any item in Question 11 is answered “Yes”, the broker-dealer must also complete the relevant DRP(s)); and (vi) Schedules A and B. (2) Every registered broker-dealer, at the time it re-files the information required by paragraph (c)(1) of this section, shall review, and amend as necessary, the information in Form BD that was transferred by the National Association of Securities Dealers to the Central Registration Depository prior to August 16, 1999. (3) Every registered broker-dealer that has not completed the re-filing requirements provided in paragraphs (c)(1) and (c)(2) of this section, during the period from August 16, 1999 to December 15, 1999, shall submit in paper format to the Central Registration Depository all Schedule E amendments to Form BD. A Schedule E filed pursuant to this paragraph (c) shall not be deemed an “amendment” for purposes of paragraphs (a) and (b) of this section. (4) The Commission, by order, may exempt any broker or dealer from the filing requirements provided in Form BD (17 CFR 249.501) and paragraphs (c)(1), (c)(2), and (c)(3) of this section under conditions that differ from the filing instructions contained in Form BD and paragraphs (c)(1), (c)(2), and (c)(3) of this section. [58 FR 14, Jan. 4, 1993, as amended at 64 FR 25147, May 10, 1999; 64 FR 37593, July 12, 1999; 64 FR 42595, Aug. 5, 1999]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
Registration of Brokers and Dealers
§ 240.15b3-1 Amendments to application.
