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SEC | RIN: 3235-AM32 | Publication ID: Fall 2024 |
Title: Safeguarding Advisory Client Assets | |
Abstract:
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. |
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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: Undetermined | Unfunded Mandates: No |
CFR Citation: 17 CFR 275.223-1 17 CFR 275.204-2 | |
Legal Authority: 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 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: YES | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Christopher Staley Branch Chief, Division of Investment Management Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-8475 Email: staleyc@sec.gov |