Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1.
Designations.
The administrator designates:
A. the Web-based Central Registration
Depository ("CRD") to receive and store filings and collect related fees from
broker-dealers and agents representing broker-dealers on behalf of the
administrator; and
B. the Web-based
Investment Adviser Registration Depository ("IARD") to receive and store
filings and collect related fees from investment advisers and federal covered
investment advisers on behalf of the administrator.
Subp. 2.
Use of CRD/IARD.
A. Unless otherwise provided, all
applications, amendments, reports, notices, related filings, and fees required
to be filed with the administrator pursuant to the Minnesota Securities Act or
the rules adopted thereunder, shall be filed electronically with and
transmitted to:
(1) CRD, when the filing is
required for the registration of a broker-dealer or agent representing a
broker-dealer; and
(2) IARD, when
the filing is required for the registration of an investment adviser.
B. The following additional
conditions relate to such electronic filings:
(1) When a signature or signatures are
required by the particular instructions of any filing to be made electronically
through CRD/IARD, a duly authorized officer of the applicant or the applicant
himself or herself, as required, shall affix his or her electronic signature to
the filing by typing his or her name in the appropriate fields and submitting
the filing electronically to CRD/IARD. Submission of a filing in this manner
shall constitute irrefutable evidence of legal signature by any individuals
whose names are typed on the filing.
(2) Solely for purposes of a filing made
electronically through CRD/IARD, a document is considered filed with the
administrator when all fees are received and the filing is accepted by CRD/IARD
on behalf of the state.
Subp. 3.
Electronic filing.
Notwithstanding subpart
2, the electronic filing of
any particular document and the collection of related processing fees shall not
be required until such time as CRD/IARD provides for receipt of such filings
and fees and reasonable notice is provided by the administrator. Any documents
or fees required to be filed with the administrator that are not permitted to
be filed with or cannot be accepted electronically by CRD/IARD shall be filed
directly with the administrator.
