3235-AM32 202410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3235 Securities and Exchange Commission SEC Safeguarding Advisory Client Assets

The Division is considering recommending that the Commission repropose amendments to existing rules and/or adopt new rules under the Investment Advisers Act of 1940 to improve and modernize the regulations around the investment advisers’ safeguarding of client assets. The Division is considering recommending that the Commission adopt amendments related to certain of the custody rule’s provisions, including the audit, notice, and surprise examination provisions, and the treatment of standing letters of authorization under the rule, as well as related amendments to the recordkeeping rule and to Form ADV under the Advisers Act.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage Undetermined No 17 CFR 275.223-1 17 CFR 275.204-2 15 U.S.C. 80b-4 15 U.S.C. 80b-6(4) 15 U.S.C. 80b-11(a) 15 U.S.C. 80b-3(c)(1) 15 U.S.C. 80b-18b 15 U.S.C. 80b-11 15 U.S.C. 80b-23 No NPRM 03/09/2023 88 FR 14672 NPRM Comment Period End 05/08/2023 NPRM Comment Period Reopened 08/30/2023 88 FR 59818 NPRM Comment Period Reopened End 10/30/2023 Second NPRM 04/00/2025 YES Businesses None No Yes No Christopher Staley Branch Chief, Division of Investment Management 3235 Securities and Exchange Commission SEC 202 551-8475 staleyc@sec.gov 100 F Street NE, Washington DC 20549