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ARTICLE · 26 MAY 2015

SEC Proposes Rules Imposing Additional Reporting And Recordkeeping Requirements For Investment Advisers

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The proposed rules will be published in the Federal Register, and the comment period will remain open for 60 days after such publication date.

United StatesFinance and Banking
Robert Sawyer
Robert Sawyer
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On May 20, 2015, the SEC announced proposals to modify and increase the amount of information that it collects from investment companies ("ICs") and investment advisers ("IAs") and to create new rules that impose additional recordkeeping and disclosure duties on IAs and ICs. The SEC notes that its goal with the proposals is to enhance the information available to investors in order to keep them better apprised of their investments and investment advisers, and to assist the SEC in its risk monitoring capacity. The proposed rules will be published in the Federal Register, and the comment period will remain open for 60 days after such publication date (see here for proposed IA rules and here for proposed IC rules). The proposals relating to investment advisers are summarized below.

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