Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: Division of Investment Management

Registered Investment Advisers Take Note: New SEC Custody Rule Guidance

Posted in Investment Advisers
Registered investment advisers should take note of recent pronouncements by the staff of the SEC’s Division of Investment Management (the Division) regarding Rule 206(4)-2 (the Custody Rule) of the Investment Advisers Act of 1940. The Division makes clear that many advisers may unwittingly have custody of client assets under the Custody Rule. Investment advisers should… Continue Reading

SEC Updates to Form PF FAQs

Posted in SEC/Corporate
On January 18, the Securities and Exchange Commission’s Division of Investment Management updated its Form PF FAQs. Registered investment advisers managing private funds with at least $150 million in private fund assets under management are required to complete and file a Form PF. The new FAQs provide additional guidance on the form regarding both general… Continue Reading