Mich. Admin. Code R. 451.4.10 - Application for investment adviser registration

Rule 4.10

(1) The application for initial registration as an investment adviser pursuant to section 406 of the act, MCL 451.2406, must be made by completing Form ADV pursuant to the form instructions and by filing the form electronically with IARD. The application for initial registration must also include all of the following:

(a) Proof of compliance by the investment adviser with the examination requirements of R 451.4.12.

(b) A copy of the balance sheet for the last fiscal year, and if such balance sheet is as of a date more than 45 days from the date of filing of the application, a balance sheet prepared as set forth in R 451.4.18.

(c) A copy of the surety bond required by R 451.4.14, if applicable and requested by the administrator.

(d) The fee required by section 410 of the act, MCL 451.2410.

(2) The administrator may accept a copy of part 2 of Form ADV as filed electronically with IARD.

(3) The application for annual renewal registration as an investment adviser must be filed electronically with IARD. The application for annual renewal registration must include both of the following:

(a) The fee required by section 410 of the act, MCL 451.2410.

(b) A copy of the surety bond required by R 451.4.14, if applicable, or if requested by the administrator.

(4) An investment adviser shall, within 30 days of any event requiring an amendment, file electronically with IARD, pursuant to the instructions in the Form ADV, any amendments to the investment advisers Form ADV.

(5) Within 90 days of the end of the investment advisers fiscal year, an investment adviser shall file electronically with IARD an annual updating amendment to the Form ADV.

(6) An application for initial or renewal registration is not considered filed for purposes of section 406 of the act, MCL 451.2406, until the required fee and all required documents have been received by the administrator.

Notes

Mich. Admin. Code R. 451.4.10

2019 MR 1, Eff. 7/3/2019