N.M. Code R. § 12.11.5.10

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.11.5.10 - APPLICATION FOR INVESTMENT ADVISER REPRESENTATIVE REGISTRATION

A. Initial application. The application for initial registration pursuant to Section 59-13C-406 A shall be made by completing form U-4 in accordance with the form instructions and by filing the form U-4 with the CRD. The application for initial registration shall also include the following:

(1) proof of compliance by the investment adviser representative applicant with the examination requirements set out in 12.11.5.14 NMAC unless such proof is available to the director through the CRD; and

(2) the fee required by Section 58-13C-410 D.

B. Annual renewal. Pursuant to Section 58-13C-406 D, a registration is effective until midnight on December 31st of the year for which the application for registration was filed. An investment adviser representative registration may be renewed through the CRD with payment of the fee required by Section 58-13C-410 D.

C. Amendments.

(1) Pursuant to Section 58-13C-406 B, if the information or record contained in an application filed under this section is or becomes inaccurate or incomplete in a material respect, the investment adviser or investment adviser representative shall promptly file a correcting amendment in accordance with the instructions in the form U-4. The investment adviser and the investment adviser representative are under a continuing obligation to update information required by the form U-4 as changes occur.

(2) An amendment will be considered to be filed promptly if the amendment is filed within 30 days of the event that requires the filing.

D. Completion of filing. An application for initial registration or a renewal is not considered filed for purposes of Section 58-13C-406 until the required fee and all additional information and records requested by the director pursuant to Section 58-13C-410 D have been received.

N.M. Code R. § 12.11.5.10

12.11.5.10 NMAC - Rp, 12.11.5.8 NMAC, 1-1-2010