LINDA LINGLE MARK E. RECKTENWALD GOVERNOR DIRECTOR LAWRENCE M. REIFURTH JAMES R. AIONA, JR. DEPUTY DIRECTOR LT. GOVERNOR CORINNA M. WONG COMMISSIONER OF SECURITIES STATE OF HAWAII BUSINESS REGISTRATION DIVISION DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS 335 MERCHANT STREET, ROOM 203, HONOLULU, HAWAII 96813 P.O. BOX 40, HONOLULU, HAWAII 96810 WWW.BUSINESSREGISTRATIONS.COM MEMORANDUM TO: Hawaii Registered Broker-Dealers FROM: Henry K. Tanji, Securities Compliance Specialist Business Registration Division SUBJECT: Broker-Dealer Reporting Requirements This memorandum is to inform you of the State's requirements for the filing of financial information. Pursuant to Section 16-38-5.3, Hawaii Administrative Rules, all currently registered broker-dealers shall file an annual report of financial condition within ninety (90) days following the end of the fiscal year as follows: 1. Dealers registered with the SEC shall file a copy of the financial report filed with the Commission, certified by an independent public accountant; and 2. Dealers not registered with the SEC shall file a balance sheet, including an analysis of surplus, certified by an independent public accountant in conformance with generally accepted accounting principles. In addition to the filing of financial statements, we request that all broker-dealers submit any substantive amendments to Form BD directly to the State. These amendments include but are not limited to name changes, successions, mergers, change of entity, address changes, etc. Filing of these types of amendments will expedite the correction of our records as well as allow us to notify the firm should there be any additional filing requirements. Should you have any questions concerning the preceding information, contact our Business Registration Division at (808) 586-2722. American LegalNet, Inc. www.USCourtForms.com