N.M. Code R. § 12.11.5.11

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

Section 12.11.5.11 - NOTICE FILING REQUIREMENTS FOR FEDERAL COVERED INVESTMENT ADVISERS

A. Notice Filing. The notice filing for a federal covered investment adviser under Section 58-13C-405 C of the New Mexico Uniform Securities Act shall be filed with the IARD on an executed form ADV. A notice filing shall be deemed filed when the fee required by Section 58-13C-410 E and the complete form ADV are filed with and accepted by the IARD on behalf of the state.

B. Annual renewal. The annual renewal of the notice filing for a federal covered investment adviser pursuant to Section 58-13C-405 C shall be filed with the IARD. The renewal of the notice filing for a federal covered investment adviser shall be deemed filed when the fee required by Section 58-13C-410 E is filed with and accepted by the IARD on behalf of the state.

C. Updates and amendments.

(1) A federal covered investment adviser shall file with the IARD, in accordance with the instructions in the form ADV, any amendments to the federal covered investment adviser's form ADV by filing an annual updating amendment within 90 days after the end of its fiscal year.

(2) In addition to filing its annual updating amendment, the federal covered investment adviser shall amend its form ADV by filing additional amendments promptly with the IARD if:

(a) information provided in response to items 1, 3, 9, or 11 of part 1A or items 1, 2.A through 2.F, or 2.I or part 1.B of form ADV become inaccurate in any way;

(b) information provided in response to items 4, 8, 10 of part 1.A or item 2.G of part 1.B of form ADV become materially inaccurate; or

(c) information provided in its brochure becomes materially inaccurate.

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

N.M. Code R. § 12.11.5.11

12.11.5.11 NMAC - Rp, 12.11.5.16 NMAC, 1-1-2010