Rules Implementing Amendments to the Investment Advisers Act of 1940

33008 Federal Register / Vol. 62, No. 117 / Wednesday, June 18, 1997 / Rules and Regulations 1 Investment Adviser Releases No. 1633 (May 15, 1997). SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 279 [Release No. IA–1633A, File No. S7–31–96] RIN 3235–AH07 Rules Implementing Amendments to the Investment Advisers Act of 1940 AGENCY: Securities and Exchange Commission. ACTION: Final rules; correction. SUMMARY: The Commission is correcting Instruction 7(d) of Schedule I to Form ADV adopted under the Investment Advisers Act of 1940 (‘‘Advisers Act’’), which was published Thursday, May 22, 1997, (62 FR 28112). EFFECTIVE DATE: July 8, 1997. FOR FURTHER INFORMATION CONTACT:
Catherine M. Saadeh, Staff Attorney, or Jennifer S. Choi, Special Counsel, at (202) 942–0691, Task Force on Investment Adviser Regulation, Division of Investment Management, Stop 10–2, Securities and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. SUPPLEMENTARY INFORMATION: The Commission is correcting Instruction 7(d) of Schedule I to Form ADV adopted under the Advisers Act.1 As published, the Instruction 7(d) of Schedule I to Form ADV required investment advisers to determine the total amount of assets under management based on the current market value of assets as of a date no more than 90 business days prior to the date of filing Schedule I. The instruction, however, should state that the total assets under management be determined based on the current market value of assets as of a date no more than 90 days prior to the date of filing
Schedule I.
Accordingly, the publication on May 22, 1997 of the final regulations (IA– 1633), which were the subject of FR Doc. 97–13284, is corrected as follows:
§ 279.1 [Corrected]
On page 28151, paragraph (d), line 2, ‘‘within 90 business days’’ is corrected to read ‘‘within 90 days’’. Dated: June 13, 1997. Margaret H. McFarland, Deputy Secretary. [FR Doc. 97–15937 Filed 6–17–97; 8:45 am] BILLING CODE 8010–01–M