Nevada Administrative Code
Chapter 90 - Securities
Section 90.Sec. 21 - NEW
Universal Citation: NV Admin Code 90.Sec. 21
Current through February 27, 2024
1. An investment adviser may immediately produce and reproduce, and shall maintain and preserve, a record described in sections 10, 11 and 13 to 18, inclusive in:
(a) Paper or hard copy form, as those records
are kept in their original form;
(b) Micrographic media, including, without
limitation, microfilm, microfiche or any similar medium; or
(c) Electronic storage media, including any
digital storage medium or system that meets the terms of this
section.
2. An investment adviser described in subsection 1 shall:
(a)
Arrange and index the records described in sections 10, 11 and 13 to 18,
inclusive in a way that permits easy location, access and retrieval of any
particular record;
(b) Promptly
provide any of the following that the Administrator or its examiner or other
representatives may request:
(1) A legible,
true and complete copy of any record described in sections 10, 11 and 13 to 18,
inclusive in the medium and format in which it is stored;
(2) A legible, true and complete printout of
any record described in sections 10, 11 and 13 to 18, inclusive; and
(3) Means to access, view and print any
record described in sections 10, 11 and 13 to 18,
inclusive;
(c) Separately
store, for the time required for preservation of the original record described
in sections 10, 11 and 13 to 18, inclusive, a duplicate copy of the record on
any medium authorized by this section; and
(d) In the case of a record described in
sections 10, 11 and 13 to 18, inclusive that is created or maintained on
electronic storage media, establish and maintain procedures to:
(1) Maintain and preserve the records so as
to reasonably safeguard the records from loss, alteration or
destruction;
(2) Limit access to
the records to properly authorized personnel and the Administrator, its
examiners and other representatives; and
(3) Reasonably ensure that any reproduction
of a non-electronic original record on electronic storage media is complete,
true and legible when retrieved.
Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023
NRS 90.390, 90.750
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