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In light of the disruptions caused by COVID-19 and dislocations affecting broker-dealers, state registered investment advisers, federal covered investment advisers, and their registered agents or representatives (collectively “financial professionals”), Acting Colorado Securities Commissioner David Cheval has issued a temporary order providing relief for Division of Securities registrants.
Pursuant to his authority under the Colorado Securities Act, Acting Commissioner Cheval has allowed for the following temporary exemptions from statutory requirements:
- Registration and filing for those financial professionals who are not registered or notice filed with the commissioner, having been displaced from their ordinary business locations or had their clients displaced from their ordinary state of residence provided certain requirements have been met (see the full order for details);
- Obtaining physical signatures on Forms U4;
- Annual update filings and document delivery by state registered investment advisers, provided they are currently registered with the commissioner.
This order will remain in effect until April 30, 2020, unless extended or rescinded, for which notice shall be provided.
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