Custody

What would proposed rule 223-1 (safeguarding client assets) mean in a private fund context? How would a private equity fund adviser 'safeguard' a portfolio company?

Technological advancements, changing demographics and rapid growth are capturing the attention of the Division of Investment Management

Rules would restructure dramatically the way that qualified custodians provide custody services,' attorneys warn

'Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is'

RCW sampled early reactions to the proposal

Federal Register version. You have until May 8, 2023 to comment

"The new proposed safeguarding rule—in addition to expanding the custody rule’s safeguards to cover all assets—would make important enhancements to the protections that qualified custodians ...

The SEC’s proposed replacement for the custody rule would, if finalized, have far-reaching ramifications not just for advisers but custodians, accountants and even clients

Should the custody rule end up being replaced, the change would come with revisions to Advisers Act rule 204-2 (books and records) requiring you to ...

Proposed reforms buy time for hard-pressed sector