SEC-registered investment advisers (“advisers”) must annually renew their state notice filings through the IARD Renewal Program.1
Preliminary renewal statements for the 2022 IARD Renewal Program will be generated and made available on the IARD system on November 8, 2021. The deadline for paying renewal fees is December 13, 2021. Advisers may wish to submit payments a few days ahead of the deadline to allow enough time for payments to be processed. Advisers with enough money in their flex-funding account to cover their total renewal fees owed will have funds transferred to their renewal account. Advisers who miss the December 13th payment deadline will have an opportunity to submit their past-due payments by December 26, 2021. Advisers who fail to pay their renewal fees by December 26, 2021, will not have their state notice filings renewed and therefore will not be eligible to conduct business in those states as of January 1, 2022.
On January 2, 2022, all advisers will receive a final renewal statement generated as of December 31, 2021. 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 28, 2022.
