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SEC RIN: 3235-AH07 Publication ID: Fall 1997 
Title: Rules Implementing Amendments to the Investment Advisers Act of 1940 
Abstract: The Commission has adopted new rules and rule amendments under the Investment Advisers Act to implement provisions of the Investment Advisers Supervision Coordination Act that reallocate regulatory responsibility for investment advisers between the Commission and the states. The rules establish the process by which certain advisers will withdraw from Commission registration, exempt certain advisers from the prohibition on Commission registration, and define certain terms. The Commission also has amended several rules under the Advisers Act to reflect the changes made by the Coordination Act. The rules and rule amendments are intended to clarify provisions of the Coordination Act and assist investment advisers in ascertaining their regulatory status. The Commission also has rescinded Form ADV-S. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 17 CFR 275.203(b)(3)-1    17 CFR 275.203A-1    17 CFR 275.203A-2    17 CFR 275.203A-3    17 CFR 275.203A-4    17 CFR 275.203A-5    17 CFR 275.204-1    17 CFR 275.204-2    17 CFR 275.205-3    17 CFR 275.206(3)-2    17 CFR 275.206(4)-1    17 CFR 275.206(4)-2    17 CFR 275.206(4)-3    17 CFR 275.206(4)-4    17 CFR 275.222-1    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 80b-2(a)(17)    15 USC 80b-3(c)(1)    15 USC 80b-3A(a)(1)(A)    15 USC 80b-3A(c)    15 USC 80b-4    15 USC 80b-6    15 USC 80b-6(4)    15 USC 80b-6A    15 USC 80b-11    15 USC 80b-11(a)   
Timetable:
Action Date FR Cite
NPRM  12/20/1996  61 FR 68480   
NPRM Comment Period End  02/10/1997    
Final Action  05/15/1997  62 FR 28112   
Final Action Effective  07/08/1997    
Additional Information: CFR CITATION CONT..... 17 CFR 275.222-2; 17 CFR 279.1; 17 CFR 279.3
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Federal, State 
Small Entities Affected: Businesses 
Included in the Regulatory Plan: No 
Agency Contact:
Catherine M. Saadeh
Task Force on Investment Adviser Regulation, Division of Investment Management
Securities and Exchange Commission
Phone:202 942-0650