NASAA Waives Firm Fees for IA Registration Depository System in 2020

The North American Securities Administration Association ("NASAA" or "Association") will continue to waive Investment Adviser Registration Depository ("IARD") system fees for state-registered investment adviser firms in 2020.

NASAA also announced that effective January 1, 2020, the Association will impose a $5 increase in (i) initial IARD set-up and renewal system fees for state-registered investment adviser representatives, and (ii) Electronic Filing Depository system-use fees for Form D filings.