What Madison Capital Ruling Means For Investment Advisers

By J. Paul Forrester and Adam Kanter (January 25, 2019, 3:37 PM EST) -- On Dec. 20, 2018, the staff of the Division of Investment Management of the U.S. Securities and Exchange Commission granted conditional no-action relief to Madison Capital under Section 206(4) of the Investment Advisers Act of 1940, as amended, and Rule 206(4)-2, known as the custody rule, thereunder for administrative agents under syndicated loans that also act (or that have affiliates that also act) as investment advisers for pooled investment vehicles, or separately managed accounts that are also lenders under such syndicated loans....

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

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!