# COMAR 02.02.03.05: COMAR 02.02.03.05. Financial Statements Filed As Part of Registration Statements for Registration of Securities by Qualification Notification

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_05

## Section

- **Citation:** COMAR 02.02.03.05
- **Heading:** COMAR 02.02.03.05. Financial Statements Filed As Part of Registration Statements for Registration of Securities by Qualification Notification
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 02 OFFICE OF THE ATTORNEY GENERAL / Subtitle 02 DIVISION OF SECURITIES / Chapter 03 Registration Regulations / COMAR 02.02.03.05

## Text

A. All financial statements required to be filed as part of registration statements for registration of securities by qualification or notification shall be certified by independent public accountants.
B. The Commissioner will not recognize any certified public accountant or public accountant as independent who is not in fact independent. For example, an accountant will be considered not independent with respect to any person or any of its parents or subsidiaries:
(1) In whom he has, or had during the period of report, any direct, financial interest or any material indirect financial interest; or
(2) with whom he is, or was during the period, connected as a promoter, underwriter, voting trustee, director, officer, or employee.

## Nearby sections

- [COMAR 02.02.03.01 COMAR 02.02.03.01. Prospectus](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_01.md)
- [COMAR 02.02.03.02 COMAR 02.02.03.02. Acceptability of Uniform Forms in Registration by Coordination](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_02.md)
- [COMAR 02.02.03.04 COMAR 02.02.03.04. Quarterly Reports on Registered Securities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_04.md)
- [COMAR 02.02.03.05 COMAR 02.02.03.05. Financial Statements Filed As Part of Registration Statements for Registration of Securities by Qualification Notification](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_05.md)
- [COMAR 02.02.03.06 COMAR 02.02.03.06. Escrow Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_06.md)
- [COMAR 02.02.03.07 COMAR 02.02.03.07. Registration by Coordination of Shelf Registrations Pursuant to SEC Rule 415](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_07.md)
- [COMAR 02.02.03.08 COMAR 02.02.03.08. Filing of Sales and Advertising Literature](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_08.md)
- [COMAR 02.02.03.09 COMAR 02.02.03.09. Procedure for Renewal of Registration Statement](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_09.md)
- [COMAR 02.02.03.10 COMAR 02.02.03.10. Registration of Securities of Investment Companies](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_10.md)
- [COMAR 02.02.03.11 COMAR 02.02.03.11. Initial and Renewal Registration as Issuer Agent](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_11.md)
- [COMAR 02.02.03.12 COMAR 02.02.03.12. Small Corporate Offering Registration](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_03_05. Check the current official text before relying on it. Not legal advice.