Data / Federal rules / 2024-06865
Exemption for Certain Investment Advisers Operating Through the Internet
The Securities and Exchange Commission published this final rule in the Federal Register on April 9, 2024. It took effect on July 8, 2024.
SpecStream is the live web data engine for teams and agents. It reads every rule and proposed rule in the Federal Register each morning, and this page is that reading. Name your industry once and new rules, comment deadlines and effective dates arrive in your sheet, CRM, Slack or agent as they are published.
What the agency says
The Securities and Exchange Commission ("SEC" or "Commission") is adopting amendments to the rule under the Investment Advisers Act of 1940 that exempts certain investment advisers that provide advisory services through the internet ("internet investment advisers") from the prohibition on Commission registration, as well as related amendments to Form ADV. The amendments are designed to modernize the rule's conditions to account for the evolution in technology and the investment advisory industry since the initial adoption of the rule in 2002.
Key facts
- Document number
- 2024-06865
- Type
- Final rule
- Action
- Final rule
- Agency
- Securities and Exchange Commission
- Published
- April 9, 2024
- Takes effect
- July 8, 2024
- Dates
- Effective date: This rule is effective July 8, 2024.
- Docket
- Release No. IA-6578; File No. S7-13-23
- Regulation ID (RIN)
- 3235-AN31
- Code of Federal Regulations
- 17 CFR 275; 17 CFR 279
- Topics
- Reporting and recordkeeping requirements; Securities
- Pages
- 21
Other documents from the Securities and Exchange Commission
| Document | Type | Published |
|---|---|---|
| List of Rules To Be Reviewed Pursuant to the Regulatory Flexibility Act 2026-21657 | Proposed rule | Oct 23 |
| Interval Fund Modernization; Expansion of Multiple Share Class to Registered Closed-End Management Investment Companies and Business Development Companies C1-2026-20360 | Proposed rule | Oct 20 |
| Investment Company Cross Trading 2026-21037 · significant | Proposed rule | Oct 15 |
| Investment Adviser Performance-Based Compensation Modernization 2026-20474 | Proposed rule | Oct 6 |
| Adviser and Regulated Fund Custody Rules; Crypto Custody Rules 2026-20466 · significant | Proposed rule | Oct 6 |
| Adoption of Updated EDGAR Filer Manual 2026-20461 | Final rule | Oct 6 |
| Interval Fund Modernization; Expansion of Multiple Share Class to Registered Closed-End Management Investment Companies and Business Development Companies 2026-20360 | Proposed rule | Oct 5 |
| Commission Quorum Requirement 2026-20262 | Final rule | Oct 2 |
Everything from the Securities and Exchange Commission · Rules on reporting and recordkeeping requirements · Rules on securities · Published in April 2024
Read from the Federal Register API, last updated 2026-10-24. 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.