Temporary Rule Regarding Principal Trades with Certain Advisory Clients; Final Rule (SEC - Fed. Reg. Version)

The SEC has adopted an amendment to temporary Advisers Act Rule 206(3)-3T to extend the date on which the rule will sunset to December 31, 2014 (from December 31, 2012). Temporary rule 206(3)-3T establishes an alternative means for investment advisers who are registered with the SEC as broker-dealers to meet the requirements of Advisers Act Section 206(3)when they act in a principal capacity in transactions with certain of their advisory clients.

Date: The amendment has been effective as of December 28, 2012.

View rule release: 77 FR 76854.