Securities and Exchange Commission 2022 – Federal Register Recent Federal Regulation Documents
Results 201 - 250 of 1,219
Outsourcing by Investment Advisers
The Securities and Exchange Commission (``Commission'' or ``SEC'') is proposing a new rule under the Investment Advisers Act of 1940 (``Advisers Act'') to prohibit registered investment advisers (``advisers'') from outsourcing certain services or functions without first meeting minimum requirements. The proposed rule would require advisers to conduct due diligence prior to engaging a service provider to perform certain services or functions. It would further require advisers to periodically monitor the performance and reassess the retention of the service provider in accordance with due diligence requirements to reasonably determine that it is appropriate to continue to outsource those services or functions to that service provider. We also are proposing corresponding amendments to the investment adviser registration form to collect census-type information about the service providers defined in the proposed rule. In addition, we are proposing related amendments to the Advisers Act books and records rule, including a new provision requiring advisers that rely on a third party to make and/or keep books and records to conduct due diligence and monitoring of that third party and obtain certain reasonable assurances that the third party will meet certain standards.
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Granting Approval of Proposed Rule Change To Increase the Minimum Required Fund Deposit for Government Securities Division Netting Members and Sponsoring Members, and Make Other Changes; Correction
The Securities and Exchange Commission published a document in the Federal Register on October 28, 2022, concerning an Order Granting Approval of Proposed Rule Change To Increase the Minimum Required Fund Deposit for Government Securities Division Netting Members and Sponsoring Members, and Make Other Changes. The document contained a typographical error.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.