Data / Federal rules / 2026-20466
Adviser and Regulated Fund Custody Rules; Crypto Custody Rules
The Securities and Exchange Commission published this proposed rule in the Federal Register on October 6, 2026. It took effect on October 6, 2026. Comments are due by December 7, 2026.
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What the agency says
The Securities and Exchange Commission (the "Commission" or the "SEC") is proposing new custody rules under the Investment Company Act of 1940 (the "Investment Company Act") and amendments to related reporting and recordkeeping requirements to address how regulated investment companies may custody crypto securities and similar investments, and amendments to the custody rule and related reporting and recordkeeping rules under the Investment Advisers Act of 1940 (the "Advisers Act") to address how registered investment advisers may custody client crypto funds and securities. We are also proposing to amend the current custody rules to modernize their requirements, to better address current industry practices and feedback, and to implement certain conforming amendments. We are also proposing amendments to the recordkeeping rules under the Investment Company Act and Advisers Act related to these proposed modernization amendments to the custody rules. Additionally, we are proposing to redesignate the custody rule under the Advisers Act and to make corresponding amendments to Form ADV and Form ADV-E for registered investment advisers to reflect the Advisers Act custody rule redesignation. We are also proposing amendments to Form ADV for registered investment advisers and Form N-CEN for regulated investment companies and to improve the quality of public disclosures made on these forms. We are also proposing to add new questions to Form ADV and Form N-CEN related to tokenized private funds and regulated investment company shares, respectively.
Key facts
- Document number
- 2026-20466
- Type
- Proposed rule
- Action
- Proposed rule
- Agency
- Securities and Exchange Commission
- Published
- October 6, 2026
- Takes effect
- October 6, 2026
- Comments due
- December 7, 2026
- Dates
- This release was published in the Federal Register on October 6, 2026. Comments should be received on or before December 7, 2026.
- Docket
- Release Nos. IA-7023; IC-36353; File No. S7-2026-35
- Regulation ID (RIN)
- 3235-AN46
- Code of Federal Regulations
- 17 CFR 270; 17 CFR 274; 17 CFR 275; 17 CFR 279
- Topics
- Incorporation by reference; Investment companies; Reporting and recordkeeping requirements; Securities
- Significant
- Yes, under Executive Order 12866
- Pages
- 234
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Everything from the Securities and Exchange Commission · Rules on incorporation by reference · Rules on investment companies · Rules on reporting and recordkeeping requirements · Published in October 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.