D.C. Mun. Regs. tit. 26, r. 26-B155

Current through Register 71, No. 45, November 7, 2024

Rule 26-B155 - WITHDRAWAL FROM INVESTMENT ADVISER LICENSING

155.1

An investment adviser or federal covered adviser shall file Form ADV-W [17 CFR 279.2] to withdraw an investment adviser license with the Department (or to withdraw a pending application).

155.2

Once an investment adviser has filed a Form ADV [ 17 CFR 279.1] (or any amendments to Form ADV) electronically with the IARD, any Form ADV-W must be filed with the IARD, unless a hardship exemption has been granted for such filing pursuant to § 156.

155.3

Each Form ADV-W filed under this section is effective upon acceptance by the IARD.

155.4

The Commissioner, in his or her discretion, may institute a disciplinary proceeding pursuant to Section 207 of the Act (D.C. Official Code § 31-5602.07; D.C. Register at 47 DCR 7849) after the effective date of a termination or withdrawal of a license, as provided in Section 209 of the Act (D.C. Official Code § 31-5602.09; D.C. Register at 47 DCR 7852).

D.C. Mun. Regs. tit. 26, r. 26-B155

Final Rulemaking published at 40 DCR 6732 (September 24, 1993); as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 4106 (May 11, 2001)