Archive
Registration
Custody
SEC Grants No Action Relief for Funds re Interest Rate Swaps
April 04, 2011
The SEC's Division of Investment Management extended temporary no-action relief under Section 17(f) of the Investment Company Act of 1940 to any registered investment company if the fund or its custodian places assets in the custody of LCH.Clearnet Limited (LCH Ltd), a derivatives clearing organization… read more
SEC Publishes New Investment Adviser Custody Rules
January 05, 2010
The SEC has published the final release for rules and form amendment intended to better protect investors from fraud and theft by investment advisers by ensuring that investment advisers who have custody of clients’ funds and securities are handling those assets properly.As we summarized in… read more
SEC Strengthens Rules Governing Investment Advisers
December 18, 2009
At Wednesday's open meeting, the Commission adopted rules intended to better protect investors from fraud and theft by investment advisers. As we summarized in our May 20, 2009 post, SEC Proposes Rules on Investor Funds Controlled by Investment Advisers, the rules proposed in… read more
SEC Proposes Rules on Investor Funds Controlled by Investment Advisers
May 20, 2009
At a May 14, 2009 open meeting of the Commission, the SEC proposed for comment rules "intended to ensure that investment advisers who have 'custody'” of clients’ funds and securities are handling those assets properly. The Madoff and Stanford ponzi schemes have demonstrated… read more