S.D. Admin. R. 20:08:05:20
Current through Register Vol. 50, page 162, June 24, 2024
For purposes of SDCL 47-31B-410(c), (d) and (e), an investment adviser, an investment adviser representative, and a federal covered investment adviser, respectively, will have promptly remedied a delay in payment or under payment of fees if the adviser or representative remits the fee payment to the director within ten business days of receipt of notification from the director of the delay or underpayment. If such payment is not received within the ten business day period, an investment adviser, an investment adviser representative, and a federal covered investment advisor will be found to have refused to pay the fee.
S.D. Admin. R. 20:08:05:20
General Authority: SDCL 47-31B-605(a)(1).
Law Implemented: SDCL 47-31B-410(c), (d) and (e).