NAC90.375. Applicant for initial license: Filing requirements; payment of fee.

     1. An applicant for an initial license as an investment adviser must file an application with the Administrator in the manner set forth in NAC 90.3293. The application must include:

     (a) The Uniform Application for Investment Adviser Registration (Form ADV), completed in accordance with the instructions accompanying that application;

     (b) Proof:

          (1) Of successful completion by the applicant, if he or she is a natural person, or by an owner, officer or director of the applicant if the applicant is not a natural person, of:

               (I) The Uniform Investment Adviser Law Examination (Series 65); or

               (II) The Uniform Combined State Law Examination (Series 66) and the General Securities Registered Representative Examination (Series 7); or

          (2) That the applicant, if he or she is a natural person, or an owner, officer or director of the applicant if the applicant is not a natural person, holds a professional designation listed in subsection 3 of NAC 90.391;

     (c) The Uniform Application for Securities Industry Registration or Transfer (Form U-4) which is signed by the person submitting proof of the requirements set forth in paragraph (b); and

     (d) Such other information as the Administrator may reasonably require.

     2. In addition to the requirements set forth in subsection 1, an applicant for an initial license as an investment adviser must pay the fee required by NRS 90.360 to the Administrator in the manner set forth in NAC 90.3293.

     (Added to NAC by Sec’y of State, eff. 4-22-88; A 10-16-89; 11-19-92; 5-23-96; R016-02, 8-6-2002)