Tuesday, November 29, 2011

Colorado Provides Instructions for Completing IA Switch

The time-line for investment advisers with assets under management of between $25 million and $100 million to switch from federal to state registration in Colorado is provided by release of the Securities Division. The eight important dates comprising Colorado's switch program span from November 21, 2011 (the date of this release) to June 28, 2012 (the date the switch program ends).

The Colorado Securities Division will hold a series of "Switch Seminars" between December 2 and 19, 2011 covering material provided in a November 28 release that advisers may will be notified of by email of but also posted for sign-up at http://www.dora.state.co.us/securities. Switching advisers must electronically file their Annual Updating Amendment through the IARD between January 1 and 31, 2012, notifying the SEC that they are no longer eligible for SEC registration and are applying for registration in Colorado. The advisers must send the Division required documents, between February 1 and 29, 2012, as specified in the November 28 release. The Securities Division will approve the advisers on June 14, 2012 and notify them they are approved and eligible to withdraw from SEC registration. The advisers must file a partial Form ADV-W to terminate their SEC registration between June 15 and 28, 2012.

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