# Custody of Investment Company Assets Outside the United States
> **US Securities and Exchange Commission** · Final rule. · Published 1997-05-16 · Effective 1997-06-16 · 62 FR 26923
## Document
- **Document number:** 97-12881
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 62 FR 26923
- **CFR reference:** 17 CFR 270
- **Publication date:** 1997-05-16
- **Effective date:** 1997-06-16
- **Docket:** Release Nos. IC-22658
## Abstract

The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that governs the custody of investment company assets outside the United States. The amendments provide investment companies with greater flexibility in managing their foreign custody arrangements consistent with the safekeeping of investment company assets. The amendments also expand the class of foreign banks and securities depositories that may serve as investment company custodians.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/05/16/97-12881/custody-of-investment-company-assets-outside-the-united-states)
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