NAC90.391. Applicant for initial license: Filing requirements; payment of fee.

     1. An applicant for an initial license as a representative of an investment adviser must file an application with the Administrator in the manner set forth in NAC 90.3293.

     2. Except as otherwise provided in subsections 3 and 5, the application must include:

     (a) The Uniform Application for Securities Industry Registration or Transfer (Form U-4); and

     (b) Proof of successful completion by the applicant of:

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

          (2) The Uniform Combined State Law Examination (Series 66) and the General Securities Representative Examination (Series 7).

     3. The examination requirements set forth in subsection 2 do not apply to a person who includes in his or her application proof that he or she:

     (a) Is certified as a Certified Financial Planner (CFP) by the Certified Financial Planner Board of Standards, Inc.;

     (b) Is designated as a Chartered Financial Consultant (ChFC) by The American College located in Bryn Mawr, Pennsylvania;

     (c) Is designated as a Personal Financial Specialist (PFS) by the American Institute of Certified Public Accountants;

     (d) Is designated as a Chartered Financial Analyst (CFA) by the CFA Institute;

     (e) Is designated as a Chartered Investment Counselor (CIC) by the Investment Adviser Association; or

     (f) Holds such other professional designation as the Administrator may recognize by order.

     4. An applicant for a license as a representative of an investment adviser must pay the fee required by NRS 90.360 to the Administrator in the manner set forth in NAC 90.3293.

     5. In addition to the information required by subsection 2 and the fee required by subsection 4, a person licensed as a sales representative of a broker-dealer who is registered with the Financial Industry Regulatory Authority and is also a licensed investment adviser in this State or is the affiliate of such a licensed investment adviser must include his or her Central Registration Depository number in his or her application for an initial license as a representative of an investment adviser.

     (Added to NAC by Sec’y of State, eff. 11-19-92; A 5-23-96; R016-02, 8-6-2002; R033-08, 6-17-2008)