8 Apr 2025
📈SEC Rule 204A-1
Submission for OMB Review; Comment Request; Extension: Rule 204A-1
Summary
The SEC is seeking an extension for the information collection associated with Rule 204A-1, which requires investment advisers to implement and maintain a code of ethics governing the conduct of their staff and personal securities transactions. This includes safeguards for nonpublic information and reporting standards for potential violations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines compliance requirements under Rule 204A-1, which mandates investment advisers to adopt a code of ethics and manage personal trading activities of their employees. This directly impacts advisory businesses by imposing regulatory burdens and compliance costs.