Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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10 Pa. Code § 303.014. Investment adviser representative registration procedures.

§ 303.014. Investment adviser representative registration procedures.

 (a)  An applicant for initial registration as an investment adviser representative of an investment adviser or Federally covered adviser shall complete a Uniform Application for Securities Industry Registration or Transfer Form (Form U-4), or a successor form.

 (b)  The investment adviser representative and the investment adviser or Federally covered adviser shall complete and file with the Department or with IARD:

   (1)  Form U-4 and exhibits.

   (2)  The filing fee required under section 602(d.1) of the act (70 P.S. §  1-602(d.1)).

   (3)  The compliance assessment required under section 602.1(a)(1) of the act (70 P.S. §  1-602.1(a)(1)).

   (4)  The results evidencing passage of the examinations required under §  303.032 (relating to examination requirements for investment advisers and investment adviser representatives).

 (c)  An investment adviser representative and an investment adviser or Federally covered adviser shall take necessary steps to ensure that material information contained in Form U-4 remains current and accurate. If a material statement made in the Form U-4 becomes incorrect or incomplete, the investment adviser representative and the investment adviser or Federally covered adviser shall file with the Department an amendment to Form U-4 within 30 days of the occurrence of the event which requires the filing of the amendment.

Authority

   The provisions of this §  303.014 issued under section 303(a)(i) of the Pennsylvania Securities Act of 1972 (70 P.S. §  1-303(a)(i)); amended under sections 303(a)—(e) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. § §  1-303(a)—(e) and 1-609(a)); section 202.C of the Department of Banking and Securities Code (71 P.S. §  733-202.C); and section 9(b) of the Takeover Disclosure Law (70 P.S. §  79(b)).

Source

   The provisions of this §  303.014 adopted January 17, 1992, effective January 18, 1992, 22 Pa.B. 281; amended September 1, 2000, effective September 2, 2000, 30 Pa.B. 4551; transferred and renumbered from 64 Pa. Code §  303.014, December 14, 2012, effective December 15, 2012, 42 Pa.B. 7533; amended January 12, 2018, effective January 13, 2018, 48 Pa.B. 389. Immediately preceding text appears at serial page (364740).

Cross References

   This section cited in 10 Pa. Code §  603.031 (relating to public inspection of records).



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