What is the purpose of the one year seasoning requirement before prospective dealers may submit an application?
The seasoning requirement ensures that prospective dealers have a track record of relevant experience on which an assessment of the firms operational performance, control environment, and compliance record may be based. Becoming a primary dealer should complement a prospective dealers business plan; it should not be the defining attribute of the business plan.
Related Questions
- I applied to the University of Oregon School of Law in a prior year. Must I submit a new application, personal statement, resume, and letters of reference?
- Can I submit more than one application in a year to the ACF Competitive Grants process?
- Can I start an application or submit materials for a future application year?
