💼Rule 17f-4
Submission for OMB Review; Comment Request; Extension: Rule 17f-4
Summary
The SEC issues a notice regarding the extension of Rule 17f-4, which governs the use of securities depositories by registered management investment companies. This rule outlines the conditions and reporting responsibilities associated with custodial arrangements, ensuring internal controls and financial reporting standards are met by custodians and funds dealing with securities depositories.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines Rule 17f-4 under the Investment Company Act, impacting registered management investment companies and their custodians, with implications for compliance and regulatory requirements for businesses in the financial sector. Specifically, it details the procedures around the use of securities depositories, including reporting requirements and internal controls.