Registration of Agent of Issuer

An Agent of Issuer is required to file the following:

Form U-4 (Form may be found at www.nasd.com)
Proof of exams, (Series 63 and one (1) other exam, or just a Series 66). No waiver will be considered, in any case, except upon written application to the Commissioner.
The statutory fee in the amount of two hundred fifty dollars ($250.00) which must be renewed every December 31st.
Dual registration is prohibited. No person shall be concurrently registered as an agent of more than one (1) issuer.

On July 1, 1993, the Act (§32-3-305) was amended requiring that each registration statement filed under this chapter registering investment company shares shall cover only one class, series or portfolio of investment company shares. Therefore, a separate Agent of Issuer registration is required for each security (series, portfolio or class) regardless of whether the securities are found under the same registration statement or not. It is recommended (but not required) that an Issuer who has multiple securities or multiple agents to offer and/or sell should register as a broker/dealer.

Termination. Upon termination of an issuer agent registration Form U-5 shall be filed pursuant to Rule 12.02 of the Administrative Regulation of the Commissioner of Securities.

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