Anna Rips, Anastasia T. Rockas, TJ Wells and Marc Sana

Skadden Discusses Proposed SEC Expansion of Custody Rule Safeguards for Investment Advisers

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On February 15, 2023, the Securities and Exchange Commission (SEC) proposed new rules and amendments (Proposal) to Rule 206(4)-2 (Custody Rule) under the Investment Advisers Act of 1940 (Advisers Act). The Proposal would, if adopted as written:

  • Redesignate the current
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