WASHINGTON, Oct. 6 -- Securities And Exchange Commission has issued a proposed rule called: Adviser and Regulated Fund Custody Rules; Crypto Custody Rules.
The proposed rule was published in the Federal Register on Oct. 6 by Vanessa A. Countryman, Secretary.
Summary: The Securities and Exchange Commission (the "Commission" or the "SEC") is proposing new custody rules under the Investment Company Act of 1940 (the "Investment Company Act") and amendments to related reporting and recordkeeping requirements to address how regulated investment companies may custody crypto securities and similar investments, and amendments to the custody rule and related reporting and recordkeeping rules under the Investment Advisers Act of 1940 (the "Advisers ...