When the SEC recently issued its list of rules that it will revisit pursuant to Section 610 of the Regulatory Flexibility Act (“RFA”), FrontLine quickly notified the industry via our ComplianceAlert. The majority of the rules listed affect registered investment advisers and four rules on the SEC’s agenda are Investment Advisers Act rules. Amy Lynch, FrontLine’s Founder and President, states that when the SEC decides to propose a new or amended rule, it will issue a request for comment, and that a rule would most likely be revised based upon the comments received. Ms. Lynch notes, however, the SEC submission under the RFA occurred prior to the tenure of new SEC Chairman Gary Gensler and therefore, rules under consideration for review may change in the future.
See ThinkAdvisor, “4 Rules the SEC Plans to Review This Year“
See our ComplianceAlert, “SEC Rules to be Revisited in 2021“
