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Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews

SEC · final-rule · Published 2024-11-19 · Effective 2024-11-19 · 89 FR 91252

Document

Document number
2024-26524
Federal Register citation
89 FR 91252
CFR reference
17 CFR 275
Type
Rule
Action
Final rule; technical amendments.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2024-11-19
Effective date
2024-11-19
Docket
Release No. IA-6773

Abstract

The Securities and Exchange Commission ("Commission") is adopting technical amendments to various rules under the Investment Advisers Act of 1940 ("Advisers Act") to reflect a Federal court's vacatur of new rules and rule amendments that the Commission adopted on August 23, 2023. The Commission adopted new rules designed to protect investors who directly or indirectly invest in private funds, corresponding amendments to the Advisers Act books and records rule to facilitate compliance with the new rules and assist examination staff, and additional amendments to the Advisers Act compliance rule to better enable staff to conduct examinations (together, the "Private Fund Adviser Rules"). The court's vacatur of the Private Fund Adviser Rules was effective as of June 5, 2024, and had the legal effect of: vacating the new rules and the reservation of a rule number in the Code of Federal Regulations ("CFR"); as well as vacating the amendments to the existing books and records and compliance rules such that those vacated amendments are no longer in effect. These technical amendments revise the CFR to reflect the court's vacatur of the Private Fund Adviser Rules.

Source

Authoritative
Federal Register document
Machine
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