Webb23 mars 2024 · The proposed rule maintains the current rule’s definition of “custody” to apply to assets over which the advisor “holds, directly or indirectly.” However, it clarifies … Webb23 feb. 2024 · On February 15, 2024, by a 4-1 vote, the SEC proposed new rules regarding an investment adviser’s obligation to custody assets. Unlike the existing rules, if …
SEC votes to advance rule tightening crypto custody requirements
Webb2 mars 2024 · Executive Summary On February 15, 2024, the SEC proposed to replace the current “Custody Rule” (Advisers Act Rule 206(4)-2) with a new “Safeguarding Rule” … Webb16 feb. 2024 · SEC commissioners Feb. 15 th voted 4-1 to approve a new rule proposal that would eliminate Advisers Act rule 206(4)-2, the custody rule—which was first created in 1962—and replace it with Advisers Act new rule 223-1 (safeguarding client assets).. The new rule, among other things, would require advisers to: Have a written agreement with … blake mcpherson willy
Proposed SEC Custody Rules for Crypto Assets
Webb15 feb. 2024 · The proposed rule, approved by a 4-1 vote of SEC commissioners, would mandate that investment advisors maintain custody accounts for crypto similar to those for other client assets, such as stocks ... Webb22 feb. 2024 · The #SEC's proposed custody rule reforms may offer reprieve for hard-pressed private fund advisers and clarify one exception. "The elephant in the room is what firms do if invested in #crypto," says Protiviti's Doug Wilbert. Read more in #IAWatch: http://ow.ly/7lew50MXptZ 22 Feb 2024 14:03:36 Webb24 feb. 2024 · 24 February 2024 Foley Funds Legal Focus Blog. Author (s): Annie E. Brennan Stuart E. Fross. On February 15 th 2024, the Securities and Exchange Commission (the “SEC”, or the “Commission”) proposed a new safeguarding rule. Comments must be received by the SEC on or before 60 days after the rule’s publication in the Federal … frahm carver