Section 36b-31-14d - Filing of financial reports by investment advisers(a) Each registered investment adviser shall, within 90 days following the end of its fiscal or calendar year, file with the commissioner a report of its financial condition as of the end of its fiscal year. Such report shall be examined in accordance with generally accepted auditing standards and reported upon with an opinion expressed by an independent certified public accountant or independent public accountant if the investment adviser (1) has custody or possession of clients' funds or securities or (2) requires the prepayment of advisory fees six months or more in advance and in excess of $500 per client. If the date of the filing exceeds the 90-day requirement, an unaudited statement similar in all respects shall also be filed and shall not be dated more than 90 days prior to the filing.(b) If an accountant is changed as a result of a disagreement between the client and the accountant concerning the carrying of assets or the disclosure of potential or actual liabilities, the commissioner shall be so notified in writing within 10 days following the date of the change.Conn. Agencies Regs. § 36b-31-14d
Effective August 22, 1994; Transferred July 3, 1995