Search results
The amendments modernize the rule by conforming the rule to modern custodial practices and requiring advisers that have custody of client funds or securities to maintain those assets with broker-dealers, banks, or other qualified custodians.
- Custody of Funds or Securities of Clients by Investment Advisers
The amendments modernize the rule by conforming the rule to...
- Custody of Funds or Securities of Clients by Investment Advisers
28 lip 2002 · The amendments modernize the rule by conforming the rule to modern custodial practices and requiring advisers that have custody of client funds or securities to maintain those assets with broker-dealers, banks, or other qualified custodians.
A qualified custodian maintains those funds and securities: (i) In a separate account for each client under that client's name; or. (ii) In accounts that contain only your clients' funds and securities, under your name as agent or trustee for the clients. (2) Notice to clients.
16 lut 2023 · On February 15, 2023, the Securities and Exchange Commission (the “SEC”) proposed a significant transformation of Rule 206(4)-2 (the “Custody Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”) into a new Rule 223-1 under the Advisers Act (the “Safeguarding Rule”) applicable to SEC-registered investment ...
24 mar 2023 · Redesignate the current Custody Rule as a new Rule 223-1 (Safeguarding Rule), which would: Expand the types of assets subject to the Safeguarding Rule. Expand the definition of custody to include discretionary trading authority.
Regulation of Custodial Practices under the Investment Advisers Act of 1940 is a comprehensive outline summarizing SEC regulatory requirements for investment advisers that have custody of their client’s assets (or that want to avoid having custody).
25 wrz 2003 · More in this Section Breadcrumb. Home ... Custody of Funds or Securities of Clients by Investment Advisers Details. Rule Type. Final. Release Number. IA-2176. SEC Issue Date. Sept. 25, 2003 | 1:21 pm ET. Effective Date. November 5, 2003. Compliance Date. April 1, 2004.
