Iowa Admin. Code r. 191-50.32 - Application for investment adviser representative registration
(1)
Designation. Pursuant to Iowa Code sections
502406.
and
502608(3)."a," the administrator designates the CRD operated by FEMRA to
receive and store filings and collect related fees from investment adviser
representatives on behalf of the administrator
(2)
Initial application. The
application for initial registration as an investment adviser representative
made pursuant to Iowa Code section
502406(1).
shall be made by filing Form U-4 with the CRD. The following shall be submitted
to the CRD with the application:
a. Proof of
compliance by the investment adviser representative with the examination
requirements of rule
191-5033.
(502); and
b. If applicable, the
$30 fee required pursuant to Iowa Code section
502410(4)..
(3)
Annual
renewal Annual renewals by investment adviser representatives shall be
made by:
a. Filing an annual renewal
registration with CRD; and
b. If
applicable, remitting the $30 filing fee to CRD as required pursuant to Iowa
Code section
502410(4)..
(4)
Completion of
filing. An application for initial or renewal registration is
considered filed for the purposes of Iowa Code section
502406.
when the required fee and all required submissions have been received by the
CRD.
(5)
Updates,
amendments, withdrawals and terminations. The investment adviser
representative is under a continuing obligation to update information provided
on Form U-4 as follows:
a. Any amendment to
information provided on Form U-4 must be filed with CRD within 30 days of the
event causing the required amendment; and
b. A withdrawal request or termination must
be filed with CRD within 3 0 days of the event causing the necessity of a
withdrawal request or termination. A withdrawal request shall be made by filing
an accurate and complete Form U-5 with CRD.
This rule is intended to implement Iowa Code sections 502.102(8) and 502.406.
Notes
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