Regulatory Alerts2023-08-30 | 2023-18667Added
Safeguarding Advisory Client Assets; Reopening of Comment Period
The Securities and Exchange Commission is reopening the comment period for its proposed rule to redesignate and amend the current custody rule regarding the safeguarding of advisory client assets. This action allows stakeholders additional time to assess the proposed modifications to the audit provision in light of the recently adopted private fund adviser audit rule. The comment period for the proposal, originally published in March 2023, is extended until October 30, 2023.
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