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SB496 • 2026

relative to supervision and registration requirements for associates of broker-dealers.

relative to supervision and registration requirements for associates of broker-dealers.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Tim McGough (R), David Watters (D), Daniel Innis (R), Howard Pearl (r), Bill Gannon (R), Julie Miles (R), Donovan Fenton (D)
Last action
2026-06-24
Official status
SIGNED BY GOVERNOR
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

relative to supervision and registration requirements for associates of broker-dealers.

relative to supervision and registration requirements for associates of broker-dealers.

What This Bill Does

  • relative to supervision and registration requirements for associates of broker-dealers.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-24 S

    Signed by the Governor on 06/19/2026; Chapter 189; Effective 06/19/2026

  2. 2026-06-10 H

    Enrolled (in recess of) 06/04/2026 HJ 15

  3. 2026-06-10 S

    Enrolled Adopted, VV, (In recess 06/04/2026); SJ 14

  4. 2026-05-14 H

    Ought to Pass : MA VV 05/14/2026 HJ 13

  5. 2026-05-01 H

    Committee Report: Ought to Pass 04/29/2026 (Vote 15-0; CC) HC 19 P. 7

  6. 2026-04-22 H

    Executive Session: 04/29/2026 10:00 am GP 229

  7. 2026-04-16 H

    Subcommittee Work Session: 04/21/2026 01:15 pm GP 229

  8. 2026-04-02 H

    Public Hearing: 04/07/2026 01:45 pm GP 159

  9. 2026-04-01 H

    Subcommittee Work Session: 04/08/2026 10:00 am GP 229

  10. 2026-02-26 H

    Introduced (in recess of) 02/19/2026 and referred to Commerce and Consumer Affairs HJ 5 P. 124

  11. 2026-02-09 S

    Committee Report: Ought to Pass, 02/19/2026; Vote 4-0; CC; SC 6

  12. 2026-02-09 S

    Ought to Pass : MA, VV; OT3rdg; 02/19/2026; SJ 4

  13. 2026-01-13 S

    Hearing: 01/27/2026, Room 100, SH, 10:00 am; SC 1

  14. 2025-11-21 S

    Introduced 01/07/2026 and Referred to Commerce; SJ 1

Official Summary Text

relative to supervision and registration requirements for associates of broker-dealers.

Current Bill Text

Read the full stored bill text 
CHAPTER 189
SB 496 - FINAL VERSION

2026 SESSION
26-2061
07/09

SENATE BILL
496

AN ACT
relative to supervision and registration requirements for associates of broker-dealers.

SPONSORS: Sen. McGough, Dist 11; Sen. Pearl, Dist 17; Sen. Fenton, Dist 10; Sen. Watters, Dist 4; Sen. Gannon, Dist 23; Sen. Innis, Dist 7; Rep. Miles, Hills. 12

COMMITTEE: Commerce

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ANALYSIS

This bill exempts certain private residences designated by broker-dealers as a supervisory location from being classified as a branch office.

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Explanation: Matter added to current law appears in
bold italics.
Matter removed from current law appears [
in brackets and struckthrough.
]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2061
07/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT
relative to supervision and registration requirements for associates of broker-dealers.

Be it Enacted by the Senate and House of Representatives in General Court convened:

189:1 Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5(B) to read as follows:
(B) Notwithstanding the exclusions provided in subsection (5)(A)(ii), any location that is responsible for supervising the activities of agents of the broker dealer at one or more non-branch locations of the broker-dealer shall be a branch office.
Notwithstanding the foregoing, a private residence designated by a broker-dealer as a residential supervisory location in compliance with FINRA Rule 3110.19, or successor rule, shall not be deemed a branch office for purposes of this chapter.

189:2 New Subparagraph; Securities; Uniform Securities Act; Definitions. Amend RSA 421-B:1-102, 5 by inserting after subparagraph (C) the following new subparagraph:
(D) “Residential supervisory location” means a private residence from which an associated person engages in supervisory functions that a broker-dealer has designated as a residential supervisory location in compliance with FINRA Rule 3110.19, or successor rule.

189:3 Effective Date. This act shall take effect upon its passage.

Approved: June 19, 2026
Effective Date: June 19, 2026