All registered investment advisers are required to annually renew their FINRA, other self-regulatory organization and state/jurisdiction registrations through the annual Renewal Program. This Renewal Program is not applicable to Exempt Reporting Advisers.
The 2021 preliminary renewal statements will be available on the IARD/CRD system on November 8, 2021. Preliminary renewal statements contain information regarding state registration and notice filing fees.
Please note that renewal fees are required to be available in your IARD/CRD account by December 13, 2021. We recommend funding your IARD/CRD account by December 9, 2021, as it typically takes 3 or 4 business days for payments to be credited to the account.
Final statements will be available on the IARD/CRD system on January 2, 2022 and will reconcile what was charged on the Preliminary Statement with what is actually owed on January 1, 2022.
If additional monies are owed, they have a final due date of January 28, 2022. Firms with sufficient monies in their Flex-Funding Account will have funds automatically transferred to their Renewal Account to cover total renewal fees owed. Once your renewal statement has been filed, your annual amendment to Form ADV will be due within 90 days after your fiscal year-end.
FINRA’s 2022 IARD Renewal Program site contains comprehensive information regarding renewal instructions, payment options and addresses, etc., and can be accessed by clicking the following link: https://www.iard.com/renewal-program.
If we can be of any assistance with the above, or if you have any questions regarding this Alert, please contact Daniel G. Viola (Partner) at 212.573.8038 or dviola@sglawyers.com, or Nicole Arrow (Associate) at 212.573.8148 or narrow@sadis.com. In addition, for more information regarding our Regulatory Compliance practice, see our practice page for more details.
