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It defines key statutory and regulatory terms and sets requirements for electronic filing using the IARD and CRD, including transmission, electronic signatures, and exceptions for filings not accepted by those systems. It also describes hardship exemptions, including temporary paper filing for Form ADV-H and later electronic submission timelines, and outlines how such requests are deemed effective or may be restricted.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/chapter-515-investment-adviser-licensing/390130/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/chapter-515-investment-adviser-licensing/390130.png","ImageObject",300,407,{"name":92,"@type":93},"Finn","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-25",true,{"@type":102,"interactionType":103,"userInteractionCount":44},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What definitions are established in Section 1 of Chapter 515?","Question",{"text":112,"@type":113},"Section 1 provides definitions for key terms used in the chapter, including the Act, administrator, CRD, IARD, Form ADV and its related forms, and investment adviser terms.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How must applications and related filings be submitted under Section 2?",{"text":117,"@type":113},"Unless otherwise provided, applications, amendments, reports, notices, related filings, and fees required to be filed with the Administrator must be filed electronically and transmitted to the IARD or the CRD.",{"name":119,"@type":110,"acceptedAnswer":120},"What hardship exemptions are described for electronic filing requirements?",{"text":121,"@type":113},"The chapter describes a temporary hardship exemption for unanticipated technical difficulties that prevent electronic submission, and it also allows the Administrator to grant a continuing hardship exemption by order that excludes an investment adviser from the electronic filing requirement.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},390130,1790904683,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":44,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},34359740700684,"https://ap-avatar.wpscdn.com/avatar/1f400023980c374ae676?_k=1777273430885731487","02 DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION  \n032 OFFICE OF SECURITIES  \nChapter 515: INVESTMENT ADVISER LICENSING  \nTABLE OF CONTENTS  \nSECTION 1  \nSECTION 2  \nSECTION 3  \nSECTION 4  \nSECTION 5  \nSECTION 6  \nSECTION 7  \nSECTION 8  \nSECTION 9  \nSECTION 10  \nSECTION 11  \nSECTION 12  \nSECTION 13  \nSECTION 14  \nSECTION 15  \nDEFINITIONS  \nELECTRONIC FILING WITH DESIGNATED ENTITY INVESTMENT ADVISER LICENSURE  \nINVESTMENT ADVISER REPRESENTATIVE LICENSURE  \nNOTICE FILING REQUIREMENTS ADVERTISING  \nRECORD KEEPING REQUIREMENTS INVESTMENT ADVISER BROCHURE RULE WITHDRAWAL  \nEXAMINATION REQUIREMENTS  \nCUSTODY OF CLIENT FUNDS OR SECURITIES BY INVESTMENT ADVISERS MINIMUM FINANCIAL REQUIREMENTS  \nBONDING REQUIREMENTS  \nDISHONEST AND UNETHICAL PRACTICES LOCATION OF FORMS  \n02 DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION  \n032 OFFICE OF SECURITIES  \nChapter 515: INVESTMENT ADVISER LICENSING  \nSummary: This chapter outlines the procedures for the licensing of investment advisers and investment adviser representatives with the State of Maine Office of Securities.  \nSECTION 1. Definitions  \nFor the purposes of this chapter, the following definitions shall apply:  \n1. Act.“Act” means the Maine Uniform Securities Act, 32 M.R. S.A. §§ 16101 to 16702.  \n2. Administrator.“Administrator” has the same meaning as in 32 M.R.S.A. §16102(1) .  \n3. CRD.“CRD” means the Internet-based Central Registration Depository.  \n4. Federal Covered Investment Adviser.“Federal Covered Investment Adviser” has the same meaning as in 32 M.R.S.A. §16102(6) .  \n5. Form ADV.“Form ADV” means the Uniform Application for Investment Adviser Registration, a uniform form which is hereby adopted for use in the State of Maine.  \n6. Form ADV-H.“Form ADV-H” means the Uniform Application for a temporary or continuing Hardship Exemption, a uniform form which is hereby adopted for use in the State of Maine.  \n7. Form ADV-W.“Form ADV-W”means the Uniform Notice of Withdrawal from Registration as Investment Adviser, a uniform form which is hereby adopted for use in the State of Maine.  \n8. Form BR.“Form BR” means the Uniform Branch Office Registration Form, a uniform form that is hereby adopted for use in the State of Maine.  \n9. Form U-4.“Form U-4” means the Uniform Application for Securities Industry Registration or Transfer, a uniform form which is hereby adopted for use in the State of Maine.  \n10. Form U-5.“Form U-5”means the Uniform Termination Notice for Investment Adviser licensure or registration, a uniform form which is hereby adopted for use in the State of Maine.  \n11. IARD.“IARD” means the Internet-based Investment Adviser Registration Depository.  \n12. Investment Adviser.“Investment Adviser” has the same meaning as in 32 M.R.S.A.  \n§16102(15) .  \n13. Investment Adviser Representative.“Investment Adviser Representative” has the same meaning as in 32 M.R.S.A. §16102(16) .  \n14. Investment Advisory Contract.“Investment Advisory Contract” means any contract or agreement whereby a person agrees to act as investment adviser to or manage any investment or trading account of another person other than an investment company registered under the United States Investment Company Act of 1940.  \n15. SEC.“SEC” means the United States Securities and Exchange Commission.  \nSECTION 2. Electronic filing with designated entity  \n1. Designation. Pursuant to Section 16406(1) of the Act, the Administrator designates the IARD and the CRD to receive and store filings and collect related fees from investment advisers and investment adviser representatives on behalf of the Administrator.  \n2. Use of the IARD and the CRD. Unless otherwise provided, all investment adviser and investment adviser representative applications, amendments, reports, notices, related filings and fees required to be filed with the Administrator shall be filed electronically with and transmitted to the IARD or the CRD.  \n3. Electronic Signature. When a signature or signatures are required by the particular instructi","cbCaiupVlvefpNmV","https://ap.wps.com/l/cbCaiupVlvefpNmV","pdf",303092,33,"English","# SECTION 1. Definitions\n# SECTION 2. Electronic filing with designated entity\n## Designation\n## Use of the IARD and the CRD\n## Electronic Signature\n## Non-IARD and non-CRD Filings\n## Hardship Exemptions","[{\"question\":\"What definitions are established in Section 1 of Chapter 515?\",\"answer\":\"Section 1 provides definitions for key terms used in the chapter, including the Act, administrator, CRD, IARD, Form ADV and its related forms, and investment adviser terms.\"},{\"question\":\"How must applications and related filings be submitted under Section 2?\",\"answer\":\"Unless otherwise provided, applications, amendments, reports, notices, related filings, and fees required to be filed with the Administrator must be filed electronically and transmitted to the IARD or the CRD.\"},{\"question\":\"What hardship exemptions are described for electronic filing requirements?\",\"answer\":\"The chapter describes a temporary hardship exemption for unanticipated technical difficulties that prevent electronic submission, and it also allows the Administrator to grant a continuing hardship exemption by order that excludes an investment adviser from the electronic filing requirement.\"}]","Chapter 515 - Investment Adviser Licensing | PDF",1790330311,83]