Five Major Rules The SEC Plans To Finalize By Year-End

Posted on June 19th, 2023 at 8:57 AM
Five Major Rules The SEC Plans To Finalize By Year-End

From the desk of Jim Eccleston at Eccleston Law 

According to the Securities and Exchange Commission’s (SEC) Spring 2023 regulatory flexibility agenda, the SEC plans to finalize several controversial rules by the end of the year.

Amy Lynch, founder and president of FrontLine Compliance, told ThinkAdviso that the following are top priorities for the SEC:

1. Safeguarding Advisory Client Assets
Under the Investment Advisers Act of 1940, the SEC plans to adopt a rule designed to improve and modernize regulations surrounding the custody of funds or investments of clients by investment advisers.

2. Investment Company Names
The SEC intends to issue a final rule to address specific broad categories of investment company names likely to mislead investors about investments and risks.

3. Private Fund Advisors and Documentation of RIA Compliance Reviews
The SEC intends to adopt rules under the Advisers Act addressing the lack of transparency, conflicts of interest, and other matters involving private fund advisors.

4. Climate Change Disclosures
Under the proposed rule, registrants must disclose information about climate-related risks that are reasonably likely to have a material impact on their business, operations, or financial condition results, greenhouse gas emissions, and particular climate-related financial metrics in their audited financial statements.

5. Money Market Fund Reforms
If finalized by the SEC, the plan would remove the liquidity fee and redemption gate provisions in the existing rule and require certain money market funds to implement swing pricing policies and procedures. The SEC also has proposed to increase minimum
liquidity requirements for money market funds and reporting and disclosure amendments.


Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

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