Try our Advanced Search for more refined results

Expert Analysis

Adviser Relief From Pay-To-Play Recordkeeping

Law360, New York (October 6, 2011, 5:39 PM EDT) -- The staff of the Securities and Exchange Commission has issued a no-action letter (Investment Company Institute No-Action Letter, Sept. 12, 2011) providing partial relief from the recordkeeping obligations of investment advisers, including certain fund managers, under Rule 204-2(a)(18) of the Investment Advisers Act of 1940  (the "Recordkeeping Rule") with respect to the SEC's "Pay-to-Play Rule" (Rule 206(4)-5). Investment advisers to registered investment companies were required to be in compliance with the Recordkeeping and Pay-to-Play Rules by Sept. 13, 2011....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!