SEC proposes custody rules for crypto held by funds and advisers
The Securities and Exchange Commission issued a proposed rule that would set new custody rules under the Investment Company Act of 1940 addressing how regulated investment companies may custody crypto securities and similar investments. The proposal would also amend the custody rule under the Investment Advisers Act of 1940 to address how registered investment advisers may custody client crypto funds and securities, according to the document.
Key facts
The proposal was published in the Federal Register on October 6, 2026.1
The proposal is marked as a significant regulatory action.1
The SEC said it is also proposing to amend the current custody rules to modernize their requirements and to better address current industry practices and feedback.1
The proposal includes amendments to related reporting and recordkeeping requirements under both the Investment Company Act and the Advisers Act.1
The SEC said the proposal would also implement certain conforming amendments.1
How it was covered
Covered by none of the outlets Boring reads
Sources (1)
How this story was made
Written and checked by Claude from 1 official document · How Boring works
Boring’s stories are written and checked by AI. This one is from the public record: it is written from the official document’s own title and summary, and every fact links to it.
Tell us what you think about this story, or report a mistake in it.