Regulatory Alerts2025-08-05
Exemptive Relief Order to Delay the Effective Date of the Investment Adviser Rule
The Secretary of the Treasury, through FinCEN, has granted exemptive relief to covered investment advisers from the Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers. This order delays the effective date of the IA AML Rule from January 1, 2026, to January 1, 2028, allowing time for a regulatory review to ensure the rule aligns with the Administration’s deregulatory policies. FinCEN intends to issue a notice of proposed rulemaking to formally amend the effective date no earlier than January 1, 2028, while maintaining protections against illicit finance risks.
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