SEC Wants To Expand Custody Rule Scope
Securities and Exchange Commission SEC announced proposed overhaul of custody framework for SEC-registered investment advisers. The proposed reforms would amend and redesignate Rule 206(4)-2 under Investment Advisers Act of 1940, as amended, as Rule 223-1 under Advisers Act.
United States Discretionary Authority Of Client Bank Secrecy Signature Bank Discretionary Authority To Trade As Conferring Custody Silicon Valley Bank
Source: natlawreview.com