Open Meeting Agenda
|Item 1:||Custody of Funds or Securities of Clients by Investment Advisers|
Office: Division of Investment Management
Staff: Robert E. Plaze, Sarah A. Bessin, Daniel S. Kahl, Vivien Liu
The Commission will consider custody-related matters, including whether to propose amendments to rule 206(4)-2 under the Investment Advisers Act of 1940 and related forms and rules. The proposed amendments are designed to enhance the protections provided advisory clients when they entrust their funds and securities to an investment adviser. If adopted, the amendments would require investment advisers having custody of client funds and securities to obtain a surprise examination by an independent public accountant, and, unless the client assets are maintained with an independent custodian, obtain a review of custodial controls from an independent public accountant.
For further information, please contact Vivien Liu, Senior Counsel, Division of Investment Management, at (202) 551-6787.
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