Which statement accurately describes branch office registrations?

• A. Registrations are transferable when a branch closes or moves
• B. Each additional office location must be registered as a branch office with the appropriate fees paid
• C. Branch offices do not require separate registrations
• D. A reissue of the license is never permitted if a branch closes and reopens within the same period

Answer: (B)

Each additional office location must be registered as a branch office with the appropriate fees paid. The reason is that regulators treat every physical place where business is conducted as its own unit that requires oversight, so up-to-date records and proper supervision rely on registering each location separately. This ensures accountability and compliance across all sites.

Registrations aren’t transferable when a branch closes or moves; a new or updated branch registration is needed for the new location, with any required fees paid. Branch offices do require separate registrations, so stating that they don’t is inaccurate. And while a license reissue may be affected by a branch closing and reopening, it isn’t accurate to say it’s never permitted within the same period—the rules depend on the specific regulatory procedures in place.