Regulatory Alerts2025-12-31 | 2025-24127Added
Delegation of Authority to the Director of the Division of Investment Management
The Securities and Exchange Commission amended its Rules of Organization and Program Management to delegate authority to the Director of the Division of Investment Management. This director is now empowered to issue orders granting, denying, and revoking confidential treatment for information in registration applications and reports filed under the Investment Advisers Act of 1940. The Commission determined that this delegation conserves resources and facilitates efficient consideration of such applications while retaining discretionary review rights.
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