May 21, 2007
On April 23, 2007, the IARD began accepting Part II of the Form ADV (including Schedule F). Prior to this date, all state-registered investment advisers had to file, in paper format, their then-current Form ADV Part II and any amendments and annual updates directly with the Massachusetts Securities Division (the “Division”). Now, the Form ADV Part II, also known as the “brochure,” can be filed electronically with the Division, via the IARD, just as Part 1 of the Form ADV has been so filed.
All Massachusetts registered investment advisers must file their current brochure (Form ADV Part II) electronically with the Division, via the IARD, no later than September 1, 2007. (See 950 CMR 12.205(2)(a)1.) Also, as part of the usual post-registration requirements, all subsequent amendments and annual updates to the brochure must likewise be filed electronically. (See 950 CMR 12.205 (6).)
Please refer to the instructions and websites listed below for directions and guidance on filing your firm’s brochure electronically via the IARD. You may also go to the Division’s website, www.sec.state.ma.us/sct, for a copy of this letter with direct links to the below-listed websites. If you have any questions about this procedure, please contact the NASD Gateway Call Center at 240-386-4848.
Form ADV Part II must be submitted to the IARD as a searchable text, portable document format (PDF) file.
A free editable PDF version of the current Form ADV Part II is available on the North American Securities Administrators Association Inc. (NASAA) website. http://www.nasaa.org/Industry___Regulatory_Resources/Uniform_Forms/
Guidance is available on the IARD website.
Please remember the deadline for electronically filing your firm’s Form ADV Part II is September 1, 2007.
Investment Adviser Licensing Section, Massachusetts Securities Division
One Ashburton Place, 17th Floor
Boston, MA 02108