{"id":1283,"date":"2022-07-28T20:12:00","date_gmt":"2022-07-28T20:12:00","guid":{"rendered":"http:\/\/localhost\/?p=1283"},"modified":"2022-07-28T20:40:40","modified_gmt":"2022-07-28T20:40:40","slug":"secs-im-division-announces-it-will-allow-oct-26-2017-no-action-letter-to-sifma-to-expire-on-july-3-2023","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2022\/07\/28\/secs-im-division-announces-it-will-allow-oct-26-2017-no-action-letter-to-sifma-to-expire-on-july-3-2023\/","title":{"rendered":"SEC&#8217;s IM Division announces it will allow Oct. 26, 2017 SIFMA no-action letter to expire on July 3, 2023"},"content":{"rendered":"<p>From Morgan Lewis&#8217; LawFlash, the SEC&#8217;s division of Investment Management&#8217;s announcement that it would allow its October 26, 2017 no-action letter to SIFMA to expire on July 23, 2023 &#8220;pulls the rug out from under \u2018Hard Dollar\u2019 research arrangements,&#8221; and raises questions about the possible investment adviser status of broker-dealers that, after that date, accept cash or \u201chard dollar\u201d payments for research from investment managers subject to the EU Markets in Financial Instruments Directive II.<\/p>\n<p><a href=\"https:\/\/www.morganlewis.com\/pubs\/2022\/07\/sec-staff-pulls-rug-out-from-under-hard-dollar-research-arrangements\">Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Morgan Lewis&#8217; LawFlash, the SEC&#8217;s division of Investment Management&#8217;s announcement that it would allow its October 26, 2017 no-action letter to SIFMA to expire on July 23, 2023 &#8220;pulls the rug out from under \u2018Hard Dollar\u2019 research arrangements,&#8221; and raises questions about the possible investment adviser status of broker-dealers that, after that date, accept &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2022\/07\/28\/secs-im-division-announces-it-will-allow-oct-26-2017-no-action-letter-to-sifma-to-expire-on-july-3-2023\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">SEC&#8217;s IM Division announces it will allow Oct. 26, 2017 SIFMA no-action letter to expire on July 3, 2023<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,21,22],"tags":[],"class_list":["post-1283","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1283"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1283\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}