A national financial administrators’ organization, the North American Securities Administrators Association, will continue deep discounts on certain fees to assist advisors with the cost of complying with regulations, the association announced Wednesday.

The association will extend the waiver of Investment Advisor Registration Depository system fees for 2022 for state-registered investment advisor firms, the group announced. It also will continue the substantially reduced initial set-up and annual system fees paid by investment advisor representatives.

“NASAA’s Board remains committed to achieving cost savings without weakening protection benefits for investors and small businesses,” Melanie Senter Lubin, NASAA president and Maryland Securities Commissioner, said in a statement. “As state securities regulators, our members are careful to balance the costs of compliance against those incurred to provide investor protection services.”

In 2022, initial IARD set-up and renewal system fees will continue to be $15 for investment advisor representatives. This fee was $45 when the IARD system first became operational in 2001.

IARD is a national internet-based database sponsored by NASAA and the Securities and Exchange Commission that provides investment advisors and their representatives with a single source for filing state and federal registrations and notice filings.

The information is used by securities regulators and helps the public conduct research on investment advisors through the Investment Adviser Public Disclosure database. The database provides public access to registration documents filed by the SEC and state-registered investment advisors.