Utah § 63N-16-403 Registry application -- Certificate  -- Renewal -- Removal -- Notice.

Utah Statutes

§ 63N-16-403 — Registry application -- Certificate -- Renewal -- Removal -- Notice.

Utah·Title 63N Economic Opportunity Act·Ch. 63N-16 Utah Office of Regulatory Relief·Part 63N-16-4 Noncustodial Blockchain Registry

(1)(1)(a) Subject to Subsection (1)(b), an applicant for placement on the registry shall provide to the regulatory relief office:

(1)(a)(i) an application in a form prescribed by the regulatory relief office; and

(1)(a)(ii) a fee established by the regulatory relief office in accordance with Section 63J-1-504.

(1)(b) The application shall include:

(1)(b)(i) a place for the name of the applicant, including any trade name used by the applicant in the conduct of the applicant's business;

(1)(b)(ii) a place for a description of the activities conducted by the applicant in the state;

(1)(b)(iii) a place for the applicant to list the applicant's:

(1)(b)(iii)(A) authorized agents in the state, if any; and

(1)(b)(iii)(B) website URL;

(1)(b)(iv) a description of general noncustodial blockchain co

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(1) (1)(a) Subject to Subsection (1)(b), an applicant for placement on the registry shall provide to the regulatory relief office:
(1)(a)(i) an application in a form prescribed by the regulatory relief office; and
(1)(a)(ii) a fee established by the regulatory relief office in accordance with Section 63J-1-504.
(1)(b) The application shall include:
(1)(b)(i) a place for the name of the applicant, including any trade name used by the applicant in the conduct of the applicant's business;
(1)(b)(ii) a place for a description of the activities conducted by the applicant in the state;
(1)(b)(iii) a place for the applicant to list the applicant's:

(1)(b)(iii)(A) authorized agents in the state, if any; and
(1)(b)(iii)(B) website URL;
(1)(b)(iv) a description of general noncustodial blockchain company activities;
(1)(b)(v) a place for the applicant to acknowledge that the applicant is a noncustodial blockchain company; and
(1)(b)(vi) a statement notifying the applicant that the applicant may be removed from the registry if the applicant:

(1)(b)(vi)(A) ceases to operate as a noncustodial blockchain company; or
(1)(b)(vi)(B) engages in unlawful activity.
(2) (2)(a) Upon receipt of the application and fee described in Subsection (1), the regulatory relief office shall:
(2)(a)(i) place the applicant on the registry; and
(2)(a)(ii) issue a certificate of registration to the applicant.
(2)(b) A noncustodial blockchain company's registration expires one year after the day on which the noncustodial blockchain company is placed on the registry.
(2)(c) A noncustodial blockchain company may renew the noncustodial blockchain company's registration by providing to the regulatory relief office:
(2)(c)(i) a renewal application in a form prescribed by the regulatory relief office; and
(2)(c)(ii) a renewal fee established by the regulatory relief office in accordance with Section 63J-1-504.
(3) A registered noncustodial blockchain company:

(3)(a) shall immediately provide written notice to the regulatory relief office upon ceasing to operate as a noncustodial blockchain company; and
(3)(b) may request removal from the registry in writing.
(4) The regulatory relief office shall remove a registered noncustodial blockchain company from the registry if:

(4)(a) the noncustodial blockchain company's registration expires without renewal;
(4)(b) the noncustodial blockchain company provides the notice or request described in Subsection (3); or
(4)(c) the regulatory relief office knows or has reason to know the noncustodial blockchain company is engaging in unlawful activity.

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