Iowa Admin. Code r. 191-50.34 - Notice filing requirements for federal covered investment advisers

(1) Notice filing. The notice filing for a federal covered investment adviser pursuant to Iowa Code section 502405. shall be filed with IARD on an executed Form ADV. A notice filing of a federal covered investment adviser shall be deemed filed for purposes of this subrule when Form ADV and the fee of $100 required pursuant to Iowa Code section 502410(5). are received by IARD.

(2) Form ADV Part 2. The administrator may:

a. Accept a copy of Part 2 of Form ADV as filed electronically with IARD; or

b. Deem Part 2 of Form ADV filed if a federal covered investment adviser provides, within five days of a request, Part 2 of Form ADV to the administrator. Because the administrator 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 administrator unless specifically requested to do so.

(3) Renewal. The annual renewal of the notice filing for a federal covered investment adviser pursuant to Iowa Code section 502405. shall be filed with IARD. The renewal of the notice filing shall be deemed filed for purposes of this subrule when the $100 fee required pursuant to Iowa Code section 502410(5). is accepted by IARD.

(4) Updates and amendments. A federal covered investment adviser must file with IARD any amendments to the federal covered investment adviser's Form ADV.

This rule is intended to implement Iowa Code section 502.405.

Notes

Iowa Admin. Code r. 191-50.34

ARC 1076C, IAB 10/2/2013, effective 11/6/2013