Securities Regulation Daily Wrap Up, NASAA NEWS AND SPEECHES—IARD fees will remain the same in 2026, (Oct 6, 2025)
Organizations Mentioned:North American Securities Administrators Association
By Jay Fishman, J.D.
The waiver of IARD system fees for state-registered investment advisers will continue through 2026.
The North American Securities Administrators Association (NASAA) announced that there will be no changes to the Investment Adviser Registration Depository (IARD) system fees for 2026. Effective January 1, 2026, the waiver of IARD system fees for state-registered investment adviser firms will continue through 2026 and the initial IARD set-up and renewal system fees will remain $15 for investment adviser representatives.
The fees fund enhancements for the IARD system to improve its effectiveness and efficiency and to make it more user-friendly for applicants and registrants.
RegulatoryActivity: GCNNews InvestmentAdvisers NASAANews