Nevada Administrative Code
Chapter 90 - Securities
Section 90.Sec. 11 - NEW

Universal Citation: NV Admin Code 90.Sec. 11

Current through December 12, 2024

1. An investment adviser who is licensed or required to be licensed shall establish, implement, update and enforce written policies that are reasonably designed to aid a client in understanding how the investment adviser collects private personal information.

2. The policies described in subsection 1 must be delivered by the investment adviser to the client upon the initial engagement of the client and annually thereafter. An updated version of the policies must be delivered to the client promptly at such time that the policies are amended or any other time that the information in the policies becomes inaccurate.

3. The investment adviser shall maintain true, accurate and current:

(a) Copies of the policies described in subsection 1, which must be:
(1) Maintained in hard copy; or

(2) Stored on electronic storage media that is separate from and not dependent upon access to the computers or networks of the investment adviser;

(b) Records documenting the compliance of the investment adviser with this section, including, without limitation, evidence of the annual review of the policies; and

(c) Records of any violation of this section and any action taken as a result of the violation.

Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023

NRS 90.390, 90.750

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