The Commissioner has determined that the use of the IARD will be mandatory for State licensed advisers by October 31, 2001. A fact sheet about the IARD is enclosed in this section. Affidavit of Investment Advisory Activity in North Dakota. Until such time as electronic filing is available, IAs must submit their IAR U-4s directly to our office. The IA and IAR State License registrations will be effective from the registration date until the following December 31.
Renewal fees are the same as initial filing fees.
The Investment Adviser Registration Depository is an electronic fiing system for investment advisers. IARD will operate over the Internet and interface with the Central Registration Depository. The investment adviser representative portion of IARD also will interface with the professional organizations that grant the professional designations that qualify for waivers from the Series 65 or 66 examination requirements. IARD will be implemented in phases. In the first phase, IAs will be able to use the system for filing Part 1 of the Form ADV and paying fees either for licensing or notice filing purposes.