General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 15Ca2-3 -- Registration of Successor to Registered Government Securities Broker or Government Securities Dealer
In the event that a government securities broker or government
securities dealer succeeds to and continues the business of a government securities
broker or government securities dealer registered pursuant to Section
15C(a)(1)(A) of the Act, the registration of the predecessor shall be deemed
to remain effective as the registration of the successor if the successor, within
30 days after such succession, files an application for registration on Form BD,
and the predecessor files a notice of withdrawal from registration on Form BDW;
Provided, however, That the registration of the predecessor government
securities broker or government securities dealer will cease to be effective as
the registration of the successor government securities broker or government securities
dealer 45 days after the application for registration on Form BD is filed by such
successor.
Notwithstanding paragraph (a) of this section, if
a government securities broker or government securities dealer succeeds to and
continues the business of a predecessor government securities broker or government
securities dealer that is registered pursuant to Section 15C(a)(1)(A) of the Act,
and the succession is based solely on a change in the predecessor's date or state
of incorporation, form of organization, or composition of a partnership, the successor
may, within 30 days after the succession, amend the registration of the predecessor
broker or dealer on Form BD to reflect these changes. This amendment shall be
deemed an application for registration filed by the predecessor and adopted by
the successor.
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