The SEC shall issue the Certificate of Registration and License to the applicant upon submission of all required documents and a favorable endorsement from the BOI. 证券交易署将在收到申请人各项所需证件及投资委员会同意接受的认可后发给申请人注册证明和执照。
Renewal at the same level requires the certificate holder to submit a renewal application and appropriate fee. 同一级别上的更新需要证书持有人提交更新申请和适当的费用。