Events listed in Investment Advisers Act
SEC Reopens Comment Period for Enhanced Safeguarding Rule for Registered Investment ...
ID 24703
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce the upcoming reopening of its consultation on proposed enhancements to its client asset custody rule under 17 CFR Part 206, § 275.206(4)-2. The initial consultation was launched earlier this year and ended on May 8, 2023. To recall, on February 15, 2023, the Commission launched a consultation on a proposal ...
SEC Proposes Enhanced Safeguarding Rule for Registered Investment Advisers
ID 21894
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce an upcoming consultation on proposed enhancements to its client asset custody rule to provide further, more far-reaching protection to investors as regards the handling of THEIR investments. Specifically, the Commission proposes to revise the current custody rule under 17 CFR Part 206, § 275.206(4)-2 by formally re-designating this rule as ...