{"data":{"id":"us-ky/krs-292.334","jurisdiction":"us-ky","citation":"KRS 292.334","heading":"Notice of termination of employment or association -- Termination of","body":"registration or application by commissioner -- Temporary registration --\nWithdrawal of registration or notice filing.\n(1) If an agent registered under this section terminates employm ent by or association\nwith a broker-dealer or issuer, then the broker -dealer or issuer shall promptly file a\nnotice of termination. The agent may file the notice of termination if the issuer or\nbroker dealer has not done so within thirty (30) days of the e ffective date of\ntermination.\n(2) If an investment adviser representative registered under this section terminates\nemployment by or association with an investment adviser or covered adviser, then\nthe investment adviser or covered adviser shall promptly fil e a notice of\ntermination. The investment adviser representative may file the notice of\ntermination if the investment adviser or covered adviser has not done so within\nthirty (30) days of the effective date of termination.\n(3) If the commissioner determines that any registrant or applicant for registration is no\nlonger in existence or has ceased to do business as a broker -dealer, agent,\ninvestment adviser, or investment adviser representative, or is subject to an\nadjudication of mental disability or to the control of a conservator or guardian, or\ncannot be located after reasonable search, then the commissioner may by order\nterminate the registration or application.\n(4) An administrative regulation or order under this chapter may establish a procedure\nfor tem porary registration when an agent or an investment adviser representative\nregistered under this chapter transfers employment or association to another broker -\ndealer or investment adviser, but any registration so transferred shall not be\neffective for more than thirty (30) days, unless within that thirty (30) days a properly\ncompleted application is filed.\n(5) A broker -dealer, agent, investment adviser, or investment adviser representative\nmay withdraw a registration by filing an application to withdraw. The  withdrawal\nbecomes effective thirty (30) days after receipt of the application by the\ncommissioner or within such shorter period of time as the commissioner may\ndetermine, unless a revocation or suspension proceeding is pending.\n(a) If a proceeding is pen ding to revoke or suspend the registration, then the\nwithdrawal becomes effective at such time and upon such conditions as the\ncommissioner by order determines; or\n(b) If a proceeding is not pending, then the commissioner may institute a\nrevocation or susp ension proceeding under this chapter within one (1) year\nafter withdrawal became effective and enter a revocation or suspension order\nas of the last date on which registration was effective.\n(6) A covered adviser may withdraw a notice filing by filing a no tice of withdrawal.\nThe withdrawal is effective upon receipt by the commissioner.","path":["KRS Chapter 292"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15544","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:23Z","sha256":"8fc509dab65afb696849777387783b9155956bf2bcfb130c555a2a1739c818a9","source_id":"us-ky","stale":false,"prev":"us-ky/krs-292.333","next":"us-ky/krs-292.335"},"notice":"GroundRules: Original legal text. Not legal advice."}