Web30 Mar 2024 · Securities and Exchange Commission SEC announced proposed overhaul of custody framework for SEC-registered investment advisers. The proposed reforms would … WebOn February 15, 2024, the SEC proposed new rules and amendments to the “Custody Rule,” Rule 206(4)-2 under the Investment Advisers Act of 1940 (the Proposed Rules). If adopted, the Proposed Rules would significantly expand the types of assets subject to Rule 206(4)-2 to capture any client assets, including “funds, securities or other positions held in the …
SEC Proposes New Rule Regarding the Safeguarding of Client …
Web20 Mar 2024 · March 21, 2024. Article provides an in-depth look at the Securities and Exchange Commission’s (SEC) recent proposed changes to Rule 206 (4)-2, also known as … Web16 Feb 2024 · Introduction: On February 15, 2024, the Securities and Exchange Commission (SEC) voted to propose new rules and amendments to Rule 206(4)-2 under the Investment Advisers Act of 1940 (Advisers Act). The SEC’s proposal is designed to provide enhanced custodial protections for advisory client assets and protect a broader array of asset types … firstline seeds moses lake wa
Protective Custody: SEC Proposes Safeguarding Rule
Web22 Feb 2024 · New “safeguarding” rule would cover all adviser custody assets, including crypto. SEC reaffirms its view of qualified custodians as the “key gatekeepers under the proposed rule.” New... WebIn 2003, the custody rule was amended to “reflect modern custodial practices and clarify circumstances un-der which an adviser has custody of cli-ent assets and thus must comply with the [custody] rule.”8 When it proposed the 2003 amendments, the Commis-sion noted that, in the more than 40 years since the custody rule was first WebIn this alert, David Horton provides a summary of key changes the SEC is proposing to Rule 206(4)-2, the current "Custody Rule." firstline security systems