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Foreign Financial Institutions (FFI) Custody Rule

Paul Hastings LLP

Proposed SEC Custody Rule Amendments Could Drive Structural Changes in the Digital Asset Industry

Paul Hastings LLP on

The U.S. Securities and Exchange Commission (“SEC”) recently proposed amendments to its so-called custody rule[1] under the Investment Advisers Act of 1940 (“Advisers Act”). The Proposed Rule seeks to expand the range of...more

Carlton Fields

SEC Proposes To Remake Advisers Act Custody Rule for a Modern World

Carlton Fields on

On February 15, 2023, the SEC proposed to significantly overhaul Rule 206(4)-2 under the Investment Advisers Act of 1940 (Advisers Act) — the Custody Rule — once dubbed among the “most critical rules” ever passed under the...more

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