# Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Extension of Compliance Date
> **US Securities and Exchange Commission** · Final rule; extension of compliance date. · Published 2012-06-13 · Effective 2012-06-11 · 77 FR 35263
## Document
- **Document number:** 2012-14440
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 77 FR 35263
- **CFR reference:** 17 CFR 275
- **Publication date:** 2012-06-13
- **Effective date:** 2012-06-11
- **Docket:** Release No. IA-3418
## Abstract

The Securities and Exchange Commission ("Commission" or "SEC") is extending the date by which advisers must comply with the ban on third-party solicitation in rule 206(4)-5 under the Investment Advisers Act of 1940, the "pay to play" rule. The Commission is extending the compliance date in order to ensure an orderly transition for advisers and third-party solicitors as well as to provide additional time for them to adjust compliance policies and procedures after the transition.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/06/13/2012-14440/political-contributions-by-certain-investment-advisers-ban-on-third-party-solicitation-extension-of)
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