TIMELINE OF SEC RULEMAKING SEC RIA Cybersecurity

Transcript:TIMELINE OF SEC RULEMAKING SEC RIA Cybersecurity:
TIMELINE OF SEC RULEMAKING SEC RIA Cybersecurity Proposal - final rule was originally expected to be published, is now delayed SEC Safeguarding Advisory Client Assets (“Custody Rule”) - final rule was originally expected to be published, but is now delayed due to a reopened comment period; new final rule is now expected in 2024 SEC Predictive Data Analytics - proposal comment period complete October 2023 DOL Retirement Security (“Fiduciary Rule”) - proposed rule is published in the Federal Register on November 3; final rule expected in early 2024 DOL Employee or Independent Contractor Classification Under the Fair Labor Standards Act - final rule is released to the Office of Management and Budget; expected anytime now. November 2023 DOL Retirement Security (“Fiduciary Rule”) - comment period ends January 2 January 2024 SEVERAL FINAL RULES EXPECTED AT ONCE SEC BD Cybersecurity Proposal SEC Regulation SP: Privacy of Consumer Financial Information and Safeguarding Customer Information SEC Outsourcing by Investment Advisers SEC Reg Best Execution/Market Structure DOL Fiduciary Rule expected 1st Quarter 2024, possibly as early as February April 2024