OAR 441-175-0160: Renewal of FINRA Broker-Dealer and Salesperson Licenses

(1) The licenses of a FINRA broker-dealer and all affiliated salespersons expire on December 31, unless otherwise renewed according to this rule. (2) To renew a license, a FINRA broker-dealer must submit the following items to the FINRA/CRD: (a) A broker-dealer renewal fee as set in OAR 441-175-0002; and (b) A salesperson renewal fee as set in OAR 441-175-0002 for each salesperson to be renewed. (3) Failure to file a complete renewal application prior to December 31 shall result in termination of the broker-dealer license and all affiliated salesperson licenses as of December 31. (4) If a FINRA broker-dealer satisfies the director that failure to file a complete renewal application prior to December 31 was due to inadvertent oversight and, the FINRA broker-dealer does complete the renewal application by January 31, the director shall reinstate the effected licenses.