NAC90.371. Licensing requirements; expiration and renewal of license.

     1. A person desiring to transact business as an assistant sales representative must apply to the Administrator for licensure.

     2. An applicant for licensure as an assistant sales representative must include in his or her application the Uniform Application for Securities Industry Registration or Transfer (Form U-4) with the applicant’s original signature and:

     (a) Proof of successful completion of the Financial Industry Regulatory Authority Qualification Examination for Assistant Representative-Order Processing (Series 11); or

     (b) Proof of waiver of that examination.

     3. Such an applicant must pay the fee required by NRS 90.360 for a sales representative.

     4. If an applicant is to be licensed for a broker-dealer who is a member of the Financial Industry Regulatory Authority, the documents and fee required by this section must be filed with and paid to the Central Registration Depository. In any other case, the documents and the fee must be filed with and paid to the Administrator.

     5. The license of an assistant sales representative expires on December 31 of each year. An assistant sales representative must renew his or her license annually, on or before December 31, by paying the fee required by NRS 90.360 for a sales representative.

     (Added to NAC by Sec’y of State, eff. 11-19-92; A by R016-02, 8-6-2002; R033-08, 6-17-2008)