Notice of Information Collection for SEC Registration Rule 203A-2(d) Extension
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice concerns a request to extend information collection under Rule 203A-2(d) of the SEC. The rule allows multi-state investment advisers to register with the SEC if they meet certain criteria, particularly being required to register in 15 or more states. Advisers relying on this must fulfill specific documentation and retention obligations to maintain eligibility.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Extension of the information collection period for SEC Rule 203A-2(d)
- Requirement for multi-state advisers to document eligibility for SEC registration
- Obligation to maintain records for five years
Obligations
What this law requires
Indicate on Schedule D of Form ADV that the adviser has concluded it is required to register in 15 or more states
Include an undertaking on Schedule D of Form ADV stating the adviser will withdraw its registration if it no longer meets the 15-state registration requirement
File Form ADV-W within 180 days of the adviser's fiscal year end if the annual updating amendment indicates the adviser is no longer required to register with at least 15 states
Maintain a record for five years after each Form ADV filing documenting all states in which the adviser has determined it would be required to register but for the Rule 203A-2(d) exemption
Keep the five-year state registration records in an easily accessible place for SEC examination and oversight purposes