(a) The notice filing for a federal covered adviser pursuant to 6 Del. C. §7314 shall be filed with the Commissioner on an executed Form ADV (Uniform Application for Investment Adviser Registration (17 C.F.R. §279)) and shall include the fee required by Section 7314 of the Act. A notice filing shall be effective from its receipt by the Commissioner until the next December 31st.

(b) The renewal of the notice filing for a federal covered adviser pursuant to Section 7314(b) of the Act shall be filed prior to December 31st upon Schedule I to Form ADV and shall contain the fee required by Section 7314(c) of the Act. A renewal filing under this rule shall take effect upon the expiration of the filing being renewed.