State registered investment advisors in the Commonwealth of Virginia have been instructed by the Virginia Division of Securities to continue to use the old Form ADV Part II and Schedule F until the Virginia Division of Securities has approved an investment advisor’s new Form ADV Part 2. The Virginia Division of Securities has indicated that it is encountering delays in Form ADV amendment reviews which may last up to six months. According to the Virginia Division of Securities, a state registered investment advisor in the Commonwealth of Virginia should continue to use the last accepted Form ADV, unless material changes have occurred. If there have been material changes, the state registered investment advisor is asked to notify the Virginia Division of Securities, which will advise the state registered investment advisor when the 2010 Form ADV annual updating amendment has been accepted. To access the website of the Virginia Division of Securities, please click here.
Posted by Bryan Hill
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