AN ACT

RELATING TO FINANCE; AMENDING THE NEW MEXICO SECURITIES ACT OF 1986 ANNUAL REPORT REQUIREMENTS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. Section 58-13B-12 NMSA 1978 (being Laws 1986, Chapter 7, Section 12) is amended to read:

"58-13B-12. ANNUAL REPORT AND FEE.--For as long as a broker-dealer, sales representative, investment adviser or investment adviser representative is licensed under the New Mexico Securities Act of 1986, he shall pay an annual fee specified in Subsection A of Section 58-13B-9 NMSA 1978, with the director or his designee, at a time and including that information that the director determines by rule or order is necessary or appropriate."