FINRA CiC Application definition

FINRA CiC Application means a continuing membership application prepared and submitted to FINRA by the Company Broker-Dealer, seeking approval pursuant to FINRA Rule 1017(a)(4) of a change in the equity ownership or partnership capital of the Company Broker-Dealer that results in Purchaser directly or indirectly owning or controlling 25% or more of the equity or partnership capital of such firm.
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Examples of FINRA CiC Application in a sentence

  • Purchaser will cooperate with the Company and the Company Broker-Dealer in preparing the FINRA CiC Application.

  • Such cooperation efforts will include promptly making available additional information relating to the Purchaser’s or the Purchaser Broker-Dealer’s business, assets, properties or ownership as may be requested by FINRA, and taking such other actions requested by FINRA in connection with the FINRA CiC Application.

  • Thereafter, upon FINRA’s request, the Company will, and will cause the Company Broker-Dealer to, provide as promptly as practicable such additional information as may be requested by FINRA in relation to the FINRA CiC Application and, if FINRA has granted Fast Track, within the abbreviated timeframes specified by FINRA for responding to FINRA’s requests for information in order to remain within Fast Track.

  • During the Interim Period, each of the Parties will (and will cause their respective broker-dealer subsidiaries to) cooperate in preparing the FINRA Conversion Application and will submit such application to FINRA no later than within three (3) Business Days of the approval by FINRA of the FINRA CiC Application.