Industry Guide

Comments on SEC Release Nos. IA-6176

Dec 27, 2022

Read COMPLY’s full comment letter on SEC Release Nos. IA-6176; File No. S7-25-22 Outsourcing by Investment Advisers published here as an industry guide.

On October 26, 2022, the US Securities and Exchange Commission (SEC or Commission) proposed new rule 206(4)-11, amendments to rule 204-2 under the Investment Advisers Act of 1940 and amendments to Form ADV which would prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of service providers.