NASAA Extends Waiver of Registration System Fees for State Investment Adviser Firms

The North American Securities Administrators Association ("NASAA") extended its waiver of Investment Adviser Registration Depository ("IARD") system fees on state-registered investment adviser firms in 2022. The IARD is an "internet-based database sponsored by NASAA and the Securities and Exchange Commission that provides investment advisers and their representatives a single source for filing state and federal registrations and notice filings." NASAA also continued its reduced initial set-up and annual system fees, which will remain $15 for investment adviser representatives.