Securities and Exchange Commission:

Rules Implementing Amendments to the Investment Advisers Act of 1940 (Rule 203A-2)

OGC-97-46: Published: Jun 2, 1997. Publicly Released: Jun 2, 1997.

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Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the implementation of amendments to the Investment Advisers Act of 1940 (Rule 203A-2). GAO noted that: (1) the final rule would exempt four types of advisers from the prohibition on SEC registration, which include: (a) certain pension consultants; (b) nationally recognized statistical rating organizations; (c) certain advisers affiliated with SEC-registered investment advisers; and (d) newly formed advisers that have a reasonable expectation of becoming eligible for SEC registration within 120 days; and (2) SEC compiled with applicable requirements in promulgating the rule.

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    Priority Open Recommendations:

    Department of the Treasury
    GAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Apr 27, 2020

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