(a) A person shall register as broker-dealer, agent, investment adviser, or investment adviser representative by filing an application and a consent to service of process complying with section 671, and paying the fee specified in section 640 and any reasonable fees charged by the designee of the Administrator for processing the filing. Each application must contain:
(1) the information required for the filing of a uniform application; and
(2) upon request by the Administrator, any other financial or other information that the Administrator determines is appropriate.
(b) If the information contained in an application that is filed under subsection (a) is or becomes inaccurate or incomplete in any material respect, the registrant shall promptly file a correcting amendment.
(c) If an order is not in effect and no proceeding is pending under section 642, registration becomes effective at noon on the 45th day after a completed application is filed unless the registration is denied. A rule or order under this chapter may set an earlier effective date or may defer the effective date until noon on the 45th day after the filing of any amendment completing the application.
(d) A registration is effective until midnight on December 31 of the year for which the application for registration is filed. Unless an order is in effect under section 642, a registration may be automatically renewed each year by filing such records as are required by rule or order under this chapter, by paying the fee specified in section 640, and by paying costs charged by the designee of the Administrator for processing the filings.
(e) A rule or order under this chapter may impose such other conditions, not inconsistent with the National Securities Markets Improvement Act of 1996. An order under this chapter may waive in whole or in part specific requirements in connection with registration as are appropriate in the public interest and for the protection of investors.