The North American Securities Administrators Association announced Monday the continued waiver of Investment Adviser Registration Depository (IARD) system fees for state-registered investment advisor firms.
NASAA also announced that enrollment fees for the NASAA Series 63, 65 and 66 exams and the Electronic Filing Depository (EFD) system fee for Form D, Rule 506 will stay at last year’s levels.
Candidates enrolling for the Series 63, 65 or 66 exams on or after Jan. 1, 2019, will be charged the same fees as last year: $135, $175 and $165, respectively.
The last exam fee increase was in 2016.
NASAA’s EFD one-time system use fee for each Form D Rule 506 offering will remain at $155.
“State securities regulators strive to protect the investing public in the most effective and efficient manner possible, which is why I am pleased to announce that NASAA’s 2019 exam and enrollment fees will not increase,” said Michael Pieciak, NASAA president and Vermont commissioner of financial regulation, in a statement.