(a) Effective date.

The revisions to this Part shall go into effect on February 1, 2021.

(b) Short title.

Chapter 961 of the Laws of 1960, as amended, when referred to in all rules and regulations promulgated by the Attorney General relating thereto, shall be referred to as the "New York Investment Advisory Act."

(c) Administration.

The Investor Protection Bureau of the Department of Law shall be responsible for the administration of the New York Investment Advisory Act. Whenever in this Part there is reference to a submission of filing with the Department of Law, this shall mean the Investor Protection Bureau, 28 Liberty Street, New York, NY 10005 or the designee.

(d) Designation.

The Attorney General may by regulation, rule or order designate the web-based Investment Advisor Registration Depository (IARD) or Central Registration Depository (CRD) operated by the Financial Industry Regulatory Authority (FINRA) to receive and store filings and collect related fees from investment advisers and investment adviser representatives, on behalf of the Attorney General. (Information regarding CRD is available at https://www.finra.org. Information regarding IARD is available at www.sec.gov and www.iard.com).