Text to be removed highlighted in red.
189:1 Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5(B) to read as follows:
(B) Notwithstanding the exclusions provided in subsection (5)(A)(ii), any location that is responsible for supervising the activities of agents of the broker dealer at one or more non-branch locations of the broker-dealer shall be a branch office.
189:2 New Subparagraph; Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5 by inserting after subparagraph (C) the following new subparagraph:
(D) "Residential supervisory location" means a private residence from which an associated person engages in supervisory functions that a broker-dealer has designated as a residential supervisory location in compliance with FINRA Rule 3110.19, or successor rule.
189:3 Effective Date. This act shall take effect upon its passage.
Approved: June 19, 2026
Effective Date: June 19, 2026
Text to be added highlighted in green.
189:1 Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5(B) to read as follows:
(B) Notwithstanding the exclusions provided in subsection (5)(A)(ii), any location that is responsible for supervising the activities of agents of the broker dealer at one or more non-branch locations of the broker-dealer shall be a branch office. Notwithstanding the foregoing, a private residence designated by a broker-dealer as a residential supervisory location in compliance with FINRA Rule 3110.19, or successor rule, shall not be deemed a branch office for purposes of this chapter.
189:2 New Subparagraph; Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5 by inserting after subparagraph (C) the following new subparagraph:
(D) "Residential supervisory location" means a private residence from which an associated person engages in supervisory functions that a broker-dealer has designated as a residential supervisory location in compliance with FINRA Rule 3110.19, or successor rule.
189:3 Effective Date. This act shall take effect upon its passage.
Approved: June 19, 2026
Effective Date: June 19, 2026