Notice Filing Requirements for Federal Covered Advisers

Notice Filing Requirements for Federal Covered Advisers. A. Notice Filing. The notice filing for a federal covered investment adviser pursuant to Section 75-71-405(a) of the Act shall be filed electronically with IARD on an executed Form ADV (Uniform Application for Investment Adviser Registration). A notice filing of a federal covered investment adviser shall be deemed filed when the fee required by Rule 4.15 and the Form ADV are filed electronically with and accepted by IARD on behalf of the Division. B. Form ADV Part 2. The Division may: 1. Accept a copy of Part 2 of Form ADV as filed electronically with IARD; or 2. Deem Part 2 of Form ADV filed if a federal covered investment adviser provides, within five (5) days of a request, Part 2 of Form ADV to the Division. Because the Division deems Part 2 of Form ADV to be filed, a federal covered investment adviser is not required to submit Part 2 of Form ADV to the Division unless requested. C. Renewal. The annual renewal of the notice filing for a federal covered investment adviser pursuant to Section 75-71-405(c) of the Act shall be filed electronically with IARD. The renewal of the notice filing for a federal covered investment adviser shall be deemed filed when the fee required by Rule 4.15 is filed with and accepted by IARD on behalf of the Division. D. Updates and Amendments. A federal covered investment adviser must file electronically with IARD any amendments to the federal covered investment adviser’s Form ADV. E. Terminations and Withdrawals. Terminations and withdrawals of notice filings shall be completed by following the instructions on Form ADV-W and filing Form ADV-W with IARD. F. A federal covered investment adviser may submit a notice filing for a successor, whether or not the successor is then in existence, for the unexpired portion of the notice filing. There shall be no filing fee.