Market regulation · 11/01/2010

Commission Guidance Regarding Independent Public Accountant Engagements Performed Pursuant to Rule 206(4)-2 Under the Investment Advisers Act of 1940

The Securities and Exchange Commission is publishing interpretive guidance for independent public accountants regarding the adoption of amendments to Rule 206(4)-2 under the Investment Advisers Act of 1940, also known as the Custody Rule. The guidance provides direction on independent verification and internal control reports required under the amended rule.