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SEC

RIN: 3235-AJ96

Publication ID: Spring 2009

Title: Temporary Rule Regarding Principal Trades With Certain Advisory Clients
Abstract: The Commission adopted an interim final temporary rule that will expire on December 31, 2009, to provide an alternative means for investment advisers who are registered with the Commission as broker-dealers to meet the requirements of section 206(3) of the Investment Advisers Act when acting in a principal capacity in transactions with certain of their advisory clients. As contemplated in the temporary rule release, the Division has been assessing the operation of the temporary rule as well as public comment letters. In that connection, the Division is considering recommending that the Commission propose modifications to the rule.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 17 CFR 275.206(3) 17 CFR 275.206(3)-3T
Legal Authority: 15 USC 80b-6a 15 USC 80b-11(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule	09/28/2007	72 FR 55022
Interim Final Rule Effective	09/30/2007
Interim Final Rule Comment Period End	11/30/2007
NPRM	06/00/2009

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses
Included in the Regulatory Plan: No
RIN Information URL: www.sec.gov/rules/final/2007/ia-2653fr.pdf
RIN Data Printed in the FR: Yes
Agency Contact: Matthew Goldin Division of Investment Management Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-6726 Fax:202 772-9284 Email: goldinm@sec.gov