; and (ii) a certification by the licensed formation agent that the licensed formation agent has possession of the information required under this subsection and will maintain the information in the State licensing the licensed formation agent in accordance with State law. (B) States described A State described in this subparagraph is a State that maintains a formal licensing system for formation agents that requires a formation agent to register with the State, meet standards for fitness and honesty, maintain a physical office and records within the State, undergo regular monitoring, and be subject to sanctions for noncompliance with State requirements. (C) Licensed formation agent duties A licensed formation agent that receives beneficial ownership information under State law in accordance with this paragraph shall— (i) maintain the information in the State in which the corporation or limited liability company is being or has been formed in the same manner as required for States under paragraph (1)(C); (ii) provide the information under the same circumstances as required for States under paragraph (1)(D); and (iii) perform the duties of a formation agent under paragraph (3). (D) Termination of relationship (i) In general Except as provided in clause (ii), a licensed formation agent that receives beneficial ownership information relating to a corporation or limited liability company under State law in accordance with this paragraph and that resigns, dissolves, or otherwise ends a relationship with the corporation or limited liability company shall promptly— (I) notify the State in writing that the licensed formation agent has resigned or ended the relationship