Financial Code - FIN - FIN § 30204

Summary

An application for a securities depository license shall be signed and verified by an authorized officer of the applicant, and shall set forth in such form as the commissioner may prescribe: (a) The names and addresses of the incorporators, directors, and officers, with a stateme

Text

An application for a securities depository license shall be signed and verified by an authorized officer of the applicant, and shall set forth in such form as the commissioner may prescribe:
(a)
The names and addresses of the incorporators, directors, and officers, with a statement of their character, experience, and general fitness to operate a securities depository.
(b)
A showing that the proposed method of operation of such securities depository will be adequate for the protection of investors.
(c)
The names of every person who holds or is to hold capital stock in the securities depository corporation together with a statement of the percentage interest attributable to each. The commissioner may require disclosure of such additional information as may be necessary to determine the individuals controlling such corporation.
(d)
The addresses at which facilities of the applicant will be located and a description of each such facility and the functions there performed, and a description of any other business or operations which will be conducted on such premises.
(e)
By way of exhibits, a copy of the articles of incorporation and a copy of the bylaws of the applicant.
(f)
By way of exhibits, financial statements of the applicant, which shall include at least a balance sheet and profit and loss
statement certified by an independent public accountant or certified public accountant, and if such certified statements are prepared as of a date more than 60 days prior to the filing of the application, a balance sheet and profit and loss statement, which need not be certified, prepared as of a date within such 60-day period, together with profit and loss statements covering at least three years of its operations, or such lesser period as the applicant may have operated, to the date of such certified balance sheet.
(g)
Such additional information as the commissioner may by rule prescribe.

Retrieval chunks

• #1 | Financial Code - FIN - FIN § 30204

  An application for a securities depository license shall be signed and verified by an authorized officer of the applicant, and shall set forth in such form as the commissioner may prescribe: (a) The names and addresses of the incorporators, directors, and officers, with a statement of their character, experience, an…