Regulations Governing the Responsible Persons and Business Staff Members of Bills Houses Article 14

The associated person of a bills house may not perform their duties before the bills house has registered their name with the Bills Finance Association.If an associated person has any of the following situations, the Bills Finance Association may not accept his or her registration, and shall void the existing registration of such person:1.The associated person has a situation provided under Paragraph 1 of Article 4 herein;2.The associated person has a situation provided under Article 12 herein;3.The associated person does not meet the qualification requirement set out in Article 13 herein; or4.The associated person did not attend training as required under Article 13-1 herein or did not receive a passing grade from the training and again failed to pass the make-up training within one year.For staff members of a bills house whose registration is voided due to a situation set out in Subparagraph 1 or 2 of the preceding paragraph, the Bills Finance Association will not accept their re-registration in three (3) years from the date of registration voidance.