Rule 17a-5 Under the Securities Exchange Act of 1934

Published on:
August 25, 2011

SIFMA provides comments to the Securities and Exchange Commission (SEC) on proposed amendments to Rule 17a–5 under the Securities Exchange Act of 1934; Release No. 34–64676, 76 Fed. Reg. 37,572; File No. S7-23-11.  SIFMA offers observations and recommendations for certain aspects of the proposal including: (1) the definitions of “material non-compliance” and “material weakness” in the proposed amendments; (2) the proposed requirement that an auditor disclose any “material modification” that should be made to the Exemption Report; (3) the access to audit documents and auditors granted to the SEC and DEA examination staff under the proposed amendments; (4) the proposed Form Custody; (5) certain costs associated with the proposed amendments; and (6) the effective date of the proposed amendments.

Details

Download

More Content

  • Letters
    Nov 09, 2026

    Political Contributions by Certain Investment Advisers (SIFMA AMG)

    SIFMA AMG supports the SEC’s proposal to rescind the investment adviser pay-to-play rule, citing compliance burdens, costs and restrictions on political speech.
  • Letters
    Nov 09, 2026

    Political Contributions by Certain Investment Advisers

    SIFMA comments on the SEC’s proposal to rescind the political contributions rule for investment advisers, citing compliance burdens and existing safeguards.
  • Amicus Briefs
    Nov 06, 2026

    Blockchain Assoc. and Crypto Council for Innovation v. IL

Get the latest trends, stats, and research on financial markets and securities.