{"id":1316,"date":"2022-11-09T07:35:13","date_gmt":"2022-11-09T07:35:13","guid":{"rendered":"http:\/\/localhost\/?p=1316"},"modified":"2022-11-09T15:49:27","modified_gmt":"2022-11-09T15:49:27","slug":"sec-proposes-service-provider-oversight-requirements-for-investment-advisers","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2022\/11\/09\/sec-proposes-service-provider-oversight-requirements-for-investment-advisers\/","title":{"rendered":"SEC proposes service provider oversight requirements for investment advisers"},"content":{"rendered":"

On October 26, 2022, the Securities and Exchange Commission (SEC) proposed new Rule 206(4)-11 under the Investment Advisers Act of 1940 (Advisers Act), which would prohibit SEC-registered investment advisers from outsourcing certain services or functions to service providers without meeting minimum requirements.\u00a0At the same time, the SEC also proposed certain related amendments to Rule 204-2 under the Advisers Act and Form ADV.<\/p>\n

Proposed Rule 206(4)-11 (Proposed Rule) would require investment advisers to conduct due diligence prior to engaging a service provider to perform certain services or functions.\u00a0It would further require advisers to periodically monitor the performance and reassess the retention of the service provider in accordance with due diligence requirements to reasonably determine that it is appropriate to continue to outsource those services or functions to that service provider.<\/p>\n

Read more here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On October 26, 2022, the Securities and Exchange Commission (SEC) proposed new Rule 206(4)-11 under the Investment Advisers Act of 1940 (Advisers Act), which would prohibit SEC-registered investment advisers from outsourcing certain services or functions to service providers without meeting minimum requirements.\u00a0At the same time, the SEC also proposed certain related amendments to Rule 204-2 … Continue reading SEC proposes service provider oversight requirements for investment advisers<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"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":[23,21,22],"tags":[],"class_list":["post-1316","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t