S.D. Admin. R. 20:08:05:18

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:08:05:18 - IARD transition rule

(1) Electronic filing of Form ADV. Each investment adviser registered or required to be registered under SDCL chapter 47-31 B must resubmit its Form ADV electronically (if it has not previously done so) with IARD unless it has been granted a hardship exemption under § 20:08:05:17(3).

(a) If the amendment to Form ADV is made after the effective date of § 20:08:05:18, or at an earlier date if an investment adviser has filed its Form ADV (or any amendments to Form ADV) electronically with IARD, the registrant must file amendments to Form ADV required by § 20:08:05:18 electronically with IARD, unless it has been granted a hardship exemption under § 20:08:05:17(3).

(2) Electronic filing of Form U4. For each investment adviser representative registered or required to be registered under SDCL chapter 47-31 B, Form U4 must be submitted electronically (if it has not previously been done) with IARD, unless the investment adviser (filing on behalf of the investment adviser representative) has been granted a hardship exemption under § 20:08:05:17(3).

S.D. Admin. R. 20:08:05:18

37 SDR 112, effective 12/9/2010.

General Authority: SDCL 47-31B-406(e), 47-31B-608(c)(1).

Law Implemented: SDCL 47-31B-406(e).