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§ 50.3107. Information Regarding Officers, Employees, and Advisers.

10 CA ADC § 50.3107Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50. Business and Industrial Development Corporations
Article 4. Issuance of License
Subarticle 2. Application
10 CCR § 50.3107
§ 50.3107. Information Regarding Officers, Employees, and Advisers.
Currentness
(a) Provide a table showing, with respect to the chief executive officer and each other officer of the applicant:
(1) Name.
(2) Business address.
(3) Home address.
(4) Age.
(5) Business or occupation.
(6) Amount and types of securities of the applicant which the officer owns or proposes to own, directly or indirectly, of record or beneficially.
(7) Title.
(8) Duties.
(9) Annual salary.
(b) Provide a table showing, with respect to each proposed officer position of the applicant which has not yet been filled:
(1) Proposed title.
(2) Proposed duties.
(3) Proposed annual salary.
(c) With respect to each officer of the applicant listed in the table called for in Subdivision (a) of this Section, provide:
(1) Personal financial statement in the form of Department Form 2, containing the information called for therein, dated as of a date within 90 days before the filing of the application, and signed by the officer.
(2) Confidential resume in the form of Department Form 3, containing the information called for therein, dated as of a date within 90 days before the filing of the application, and signed by the officer.
(3) Statement dated as of a date within 90 days before the filing of the application and signed by the officer, stating:
(A) Amount and types of securities of the applicant which the officer owns or proposes to own, directly or indirectly, of record or beneficially, and, if the purchase of any such securities was financed or is proposed to be financed, the amount financed or proposed to be financed, the person from whom the officer obtained or proposes to obtain such financing, and the source of funds with which the officer proposes to repay the financing.
(B) Business experience of the officer, including, with respect to each position held, title, description of duties, name and address of employer, period of employment, and reason for leaving.
(C) Whether or not the officer has ever been discharged or requested to resign from any position, and, if so, an account of the circumstances.
(d) State the amount of salary and describe any other compensation which the applicant proposes to pay to each officer and to all employees as a group, during each of the first three years of business.
(e) State the total number of officers and employees proposed to be employed by the applicant upon commencement of business and at the end of each of the first three years of business.
(f) State whether or not any change is proposed to be made with respect to the executive officers of the applicant during the first three years of business, and, if so, describe such change.
(g) State whether or not the applicant proposes to retain any adviser, and, if so, provide, with respect to each such adviser:
(1) Name.
(2) Name of firm of which the adviser is a member or by which the adviser is employed.
(3) Business address.
(4) Description of services which the adviser is to render to the applicant.
(5) Summary of the adviser's professional qualifications relating to the services referred to in Paragraph (4) of this Subdivision (g).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 50.3107, 10 CA ADC § 50.3107
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