California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 2 - Corporate Securities › Article 11 - General Provisions Relating to Agents, Broker-Dealers and Investment Advisers › Section 260.241.4 - Notice of Changes by Broker-Dealer and Investment Adviser

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Each licensed
				  broker-dealer and each licensed investment adviser shall, upon any change in
				  the information contained in its application for a certificate (other than
				  financial information contained therein) promptly file an amendment to such
				  application setting forth the changed information.
(b) A licensed broker-dealer that is a member
				  of the Financial Industry Regulatory Authority, shall file changed information
				  contained in its Form BD and any schedule thereto, through the Central
				  Registration Depository ("CRD") in accordance with its procedures for
				  transmission to the Commissioner. If the broker-dealer does not participate in
				  CRD, the broker-dealer shall file changed information directly with the
				  Commissioner.
(c) A licensed
				  broker-dealer shall notify the Commissioner of the employment of any new agent
				  in California and of the termination of employment of any agent in California
				  in accordance with Section
				  260.210.
(d) A licensed investment adviser shall file
				  changed information contained in its Form ADV with the Investment Adviser
				  Registration Depository ("IARD") in accordance with its procedures for
				  transmission to the Commissioner.
(e) A licensed investment adviser shall file
				  an annual updating amendment, in accordance with the instruction in Form ADV,
				  with IARD in accordance with its procedures for transmission to the
				  Commissioner within ninety (90) days of the end of the investment adviser's
				  fiscal year.
(f) A licensed
				  investment adviser shall notify the Commissioner of the employment or
				  engagement of any new investment adviser representative, as defined in Section
				  25009.5(a) of the
				  Code and the termination thereof in accordance with Section
				  260.236.1.
1. Repealer
					 of subsection (c) filed 6-18-76 as an emergency; effective upon filing.
					 Certificate of Compliance included (Register 76, No. 25).
2.
					 Amendment filed 9-2-77; effective thirtieth day thereafter (Register 77, No.
					 36).
3. Amendment of subsection (b) filed 11-29-79 as an emergency;
					 designated effective 1-1-80. Certificate of Compliance included (Register 79,
					 No. 48).
4. Editorial correction of NOTE filed 4-6-83 (Register 83,
					 No. 15).
5. Relettering of former subsection (b) to subsection (c)
					 and new subsection (b) filed 1-3-89; operative 2-1-89 (Register 89, No.
					 2).
6. Change without regulatory effect amending subsection (b)
					 filed 9-25-2002 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2002, No. 39).
7. Amendment of subsections
					 (b)-(c), new subsections (d)-(f) and amendment of NOTE filed 3-4-2003;
					 operative 4-3-2003 (Register 2003, No. 10).
8. Amendment of section
					 and NOTE filed 3-6-2007; operative 4-5-2007 (Register 2007, No.
					 10).
9. Amendment of subsection (b) filed 11-10-2009; operative
					 12-10-2009 (Register 2009, No. 46).
Note: Authority cited: Sections
						25231,
						25241
						and
						25610,
						Corporations Code. Reference: Section
						1798.18, Civil
						Code; and Sections
						25210,
						25230,
						25231,
						25241,
						25612.3
						and
						25612.5,
						Corporations Code.