Ark. Code Ann. § 23-55-1007: Multistate automated licensing system

(a) The Securities Commissioner may: (1) Enter into an arrangement, agreement, or other working relationship with federal, state, or self-regulatory authorities, the Conference of State Bank Supervisors, or a subsidiary entity owned by the Conference of State Bank Supervisors to file and maintain documents in a multistate automated licensing system or other central depository system; (2) Waive or modify in whole or in part by rule or by order any requirement of this chapter if necessary to implement this section; and (3) Establish new requirements under this chapter to carry out the purpose of this section. (b) It is the intent of this section that the commissioner be provided the authority to reduce duplication of filings, reduce administrative costs, and establish uniform procedures, forms, and administration with other states and federal authorities. (c) (1) The commissioner may permit or require initial and renewal registration filings required under this chapter to be filed with the Conference of State Bank Supervisors, a subsidiary entity owned by the Conference of State Bank Supervisors, the Financial Industry Regulatory Authority, or another entity maintaining or operating a multistate automated licensing system. (2) The applicant or the licensee shall pay any fee charged for the applicant or the licensee to participate in the automated licensing system. (d) The commissioner may accept uniform procedures and forms designed to: (1) Implement a multistate automated licensing system; (2) Implement a uniform national regulatory system; or (3) Facilitate common practices and procedures among the states. Added by Act 2017, No. 620,§ 6, eff. 8/1/2017.

(a) The Securities Commissioner may: (1) Enter into an arrangement, agreement, or other working relationship with federal, state, or self-regulatory authorities, the Conference of State Bank Supervisors, or a subsidiary entity owned by the Conference of State Bank Supervisors to file and maintain documents in a multistate automated licensing system or other central depository system; (2) Waive or modify in whole or in part by rule or by order any requirement of this chapter if necessary to implement this section; and (3) Establish new requirements under this chapter to carry out the purpose of this section.

(1) Enter into an arrangement, agreement, or other working relationship with federal, state, or self-regulatory authorities, the Conference of State Bank Supervisors, or a subsidiary entity owned by the Conference of State Bank Supervisors to file and maintain documents in a multistate automated licensing system or other central depository system;

(2) Waive or modify in whole or in part by rule or by order any requirement of this chapter if necessary to implement this section; and

(3) Establish new requirements under this chapter to carry out the purpose of this section.

(b) It is the intent of this section that the commissioner be provided the authority to reduce duplication of filings, reduce administrative costs, and establish uniform procedures, forms, and administration with other states and federal authorities.

his chapter if necessary to implement this section; and

(3) Establish new requirements under this chapter to carry out the purpose of this section.

(b) It is the intent of this section that the commissioner be provided the authority to reduce duplication of filings, reduce administrative costs, and establish uniform procedures, forms, and administration with other states and federal authorities.

(c) (1) The commissioner may permit or require initial and renewal registration filings required under this chapter to be filed with the Conference of State Bank Supervisors, a subsidiary entity owned by the Conference of State Bank Supervisors, the Financial Industry Regulatory Authority, or another entity maintaining or operating a multistate automated licensing system. (2) The applicant or the licensee shall pay any fee charged for the applicant or the licensee to participate in the automated licensing system.

(1) The commissioner may permit or require initial and renewal registration filings required under this chapter to be filed with the Conference of State Bank Supervisors, a subsidiary entity owned by the Conference of State Bank Supervisors, the Financial Industry Regulatory Authority, or another entity maintaining or operating a multistate automated licensing system.

(2) The applicant or the licensee shall pay any fee charged for the applicant or the licensee to participate in the automated licensing system.

(d) The commissioner may accept uniform procedures and forms designed to: (1) Implement a multistate automated licensing system; (2) Implement a uniform national regulatory system; or (3) Facilitate common practices and procedures among the states.

(1) Implement a multistate automated licensing system;

(2) Implement a uniform national regulatory system; or

(3) Facilitate common practices and procedures among the states.