On February 15, 2023, the SEC proposed a sweeping new rule (Proposed Rule) which would replace current Rule 206(4)-2 (Custody Rule) under the Investment Advisers Act of 1940 (Advisers Act or Act). The Custody Rule was originally adopted in 1962 and was most recently amended in 2009. It regulates the custody practices of investment advisers
Latest Post
More Posts
Davis Polk Discusses New SEC Rules on Fund Shareholder Reports
Davis Polk Offers Update on SEC’s New Investment-Management Rules and Lawsuits
Davis Polk Discusses Developments in Regulation Related to Private Equity
SEC Provides Temporary Additional Flexibility for Registered Funds Affected by the Coronavirus Outbreak to Obtain Short-Term Funding
SEC Issues Targeted Regulatory Relief for Advisers and Registered Funds Affected by the Coronavirus Outbreak
Subscribe: Subscribe via RSS