Registration Rules

Part 200. Registration Requirements and Procedures

RULE 210. DEFICIENCIES, INACCURACIES AND CHANGES TO APPLICATION INFORMATION MUST BE REPORTED.

[Adopted effective April 4, 1988. Effective dates of amendments: January 1, 1990; January 22, 1993; September 21, 1993; May 31, 2002; September 30, 2010; July 18, 2012; June 1, 2014 and September 15, 2017.]

(a) Each applicant or registrant as an FCM, RFED, SD, MSP, IB, CPO, CTA, FTF or LTM must promptly correct any deficiency or inaccuracy in a Form 7-R which no longer renders accurate the information contained therein. Each such correction must be made by updating the Form 7-R in accordance with all pertinent instructions. Except when changing to or from a sole proprietorship, an applicant or registrant may update its Form 7-R for purposes of reporting a change in its form of organization. If an applicant or registrant updates its Form 7-R to report a change in the applicant's or registrant's form of organization, the newly formed organization will be liable for all obligations of the pre-existing organization which arose out of the Act or the Regulations thereunder. A registrant or applicant that is changing form of organization to or from a sole proprietorship must file a Form 7-R for the newly formed organization and a Form 7-W for the pre-existing organization.

(b) Each applicant or registrant as an AP, FB or FT and each principal of an applicant or registrant must promptly correct any deficiency or inaccuracy in the Form 8-R which no longer renders current and accurate the information contained therein. Each AP applicant or registrant and each principal must promptly notify his sponsor of any deficiency or inaccuracy and the information necessary to correct it. Each applicant or registrant must promptly correct any deficiency or inaccuracy in its APs' or principals' registration information of which it is or should be aware. Each such correction must be made by updating the Form 8-R in accordance with all pertinent instructions.

(c)(1) Each applicant or registrant as an FCM, RFED, FTF, SD, MSP, IB, CPO, CTA or LTM shall pay the fee specified in Rule 203(a)(12) for non-disclosure of disciplinary matters on such applicant's Form 7-R and for such registrant's failure to update the Form 7-R to disclose disciplinary matters.

     (2) The sponsor of each AP applicant or principal shall pay the fee specified in Rule 203(a)(12) for non-disclosure of disciplinary matters on such AP applicant's or principal's verified Form 8-R and for such sponsor's failure to update the Form 8-R to disclose disciplinary matters related to such AP or principal.

     (3) Each applicant as an FB or FT shall pay the fee specified in Rule 203(a)(12) for non-disclosure of disciplinary matters on such applicant's Form 8-R and for such registrant's failure to update the Form 8-R to disclose disciplinary matters.