F.__A amount not to exceed $200 for an initial fee and annual renewal fee for each branch office in this State.__If the filing results in a withdrawal, the administrator shall retain the fee.__For purposes of this paragraph, "branch office" means any office of a broker-dealer or investment adviser located in this State, other than the principal place of business of the broker-dealer or investment adviser.__Only one branch office fee is due if an office is a branch office of both a broker-dealer and an investment adviser affiliated by direct or indirect common control.

2.__Payment.__A person required to pay a filing or notice fee under this section may transmit the fee through or to a designee as a rule or order provides under this chapter.

3.__Rulemaking. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.

Maine Comments

1. Section 16410: This section provides fee caps within which the administrator may establish licensing and renewal fees by rule. Fees are not refundable.

2. Section 16410(1)(F): This paragraph allows the administrator to set branch office licensing and renewal fees within a fee cap. Maine has added this provision based on section 10306, subsections (1)(E), (2)(E), (3) and (4) of the Revised Maine Securities Act, which have no counterparts in the model Uniform Securities Act.

§16411.__Postlicensing requirements

1.__Financial requirements.__A rule adopted or order issued under this chapter may establish minimum financial requirements for broker-dealers licensed or required to be licensed under this chapter and investment advisers licensed or required to be licensed under this chapter.__If a licensed broker-dealer or investment adviser believes, or has reasonable cause to believe, that any requirement imposed under this subsection is not being met, the licensed broker-dealer or investment adviser shall promptly notify the administrator of its current financial condition.