SEC-registered investment advisers (“advisers”) must annually renew their state notice filings through the IARD Renewal Program.
Preliminary renewal statements for the 2020 IARD Renewal Program were generated on November 11, 2019, and made available on the IARD system. The deadline for paying renewal fees is December 16, 2019. Advisers may wish to submit payments a few days ahead of the deadline to allow enough time for payments to be processed. Advisers who fail to pay their renewal fees by the deadline will not have their state notice filings renewed and therefore will not be eligible to conduct business in those states as of January 1, 2020.
On January 2, 2020, all advisers will receive a final renewal statement generated as of December 31, 2019. Advisers that have more or fewer state notice filings than they had at the time of their preliminary renewal statements will receive final renewal statements that reflect additional renewal fees or a credit balance, respectively. Advisers must pay any additional renewal fees by January 17, 2020.