Basic Guide to SEC Registration

REGISTRATION REQUIREMENTS:

Investment Adviser of an Investment Company:

1.  Continuing authorization for the Commission's duly authorized representative to verify the applicant's bank accounts;

2.  Evidence of compliance with unimpaired paid up capital requirements.

3.  Valid work permit of foreigners connected in any capacity with the applicant;

4.  Copies of identity cards/passports of individual applicants, all directors and persons who control more than 10% of a class of voting securities of the applicant;

5.  Written supervision and control procedures, including procedures for establishing and maintaining a "Chinese Wall" in accordance with SRC Rule 34.1-3;

6.  Schedule of minimum commission charges.

7.  Latest audited financial statement;

8.  Where applicant has been in existence for more than one year, certified copies of income tax returns for the two years preceding date of application;

9.  Organization chart, including branch offices;

10. If applicant is a corporation, a certified copy of the following documents under oath by the corporate secretary:

a)  With respect to a foreign applicant, certificate that the board of directors has authorized, in a resolution, the President and Secretary to sign an irrevocable consent to service of process upon the Commission as service to the corporation;

b)  Articles of Incorporation;

c)  Board resolution attesting to particulars contained in the application;

11. Business plan regarding proposed and/or current operations, including projected volume of business;

12. If the applicant is not a member of or participant in an SRO, or has not applied for such membership or participation therein, a written undertaking that he will become a member or participant in an SRO in the near future;

13. Management and Distribution Agreement.

14. Application fees:  

Go Top          Back