Compliance with NASD Registration. and Conduct Rules and Federal and State Securities Laws. In the case of registered Contracts, the Distributor shall fully comply with the requirements of the 1934 Act and all other applicable federal or state laws and with the rules of the NASD and shall establish such rules and procedures as may be necessary to cause diligent supervision of the securities activities of its Representatives. The Distributor agrees to maintain appropriate books, records and supervisory procedures as are required by the SEC, NASD and other regulatory agencies having jurisdiction.
Appears in 4 contracts
Samples: Master Sales and Supervisory Agreement (Security Life Separate Account L1), Master Sales and Supervisory Agreement (Security Life Separate Account L1), Master Sales and Supervisory Agreement (Security Life Separate Account L1)
