8 Apr 2025
📄SEC Notice
Submission for OMB Review; Comment Request; Extension: Rule 0-2, Form ADV-NR
Summary
The SEC announces a request for extension of Rule 0-2 and Form ADV-NR, which facilitates service of process on non-resident investment advisers. This aims to ensure accountability for entities operating in the U.S. market but not residing domestically, specifying necessary filing procedures and compliance within federal securities laws.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice details compliance requirements for non-resident investment advisers through Rule 0-2 and Form ADV-NR, affecting business owners involved in securities. Non-compliance may hinder operations for those advising in the U.S., indicating immediate regulatory obligations for those firms.