DFI’s Division of Securities Continues Outreach on Amended Investment Adviser Rules

Securities Division Staff

DFI’s Division of Securities has begun hosting a number of outreach events to publicize and answer questions concerning recently adopted amendments to the investment adviser rules at Chapter 460-24A WAC. The amendments update various provisions of the investment adviser rules, including the rules regarding examination requirements, advertisements, custody of client assets, advisory contracts, performance compensation, and books and records. In addition, the amendments add a requirement for advisers to maintain cybersecurity policies and procedures and a code of ethics.

The Rule-Making Order, text of the Adopted Rules, a lengthier summary of the amendments, and other rulemaking documents are available on our rulemaking webpage.

During Fall 2019, staff conducted three well-attended outreach events in Spokane Valley, Des Moines, and Vancouver. The feedback so far has been overwhelmingly positive. Participants have expressed that the formal presentation is very informative, and appreciate the opportunity to ask questions and have one-on-one conversations with staff afterward.

The Securities Division plans to schedule an additional event in Seattle. If you would like to attend any of these events, please contact Jamie Barnwell at 360-902-8815 or james.barnwell@dfi.wa.gov.

Upcoming schedule:

Date Time Location
Feb. 25, 2020 10 a.m. – 12 p.m. South Bellevue Community Center
Bellevue, Washington
March 10, 2020 10 a.m. – 12 p.m. Whatcom Community College
Bellingham, Washington
April 21, 2020 10 a.m. – 12 p.m. Central Washington University
Ellensburg, Washington
May 19, 2020 10 a.m. – 12 p.m. Columbia Basin College
Pasco, Washington
June 2, 2020 10 a.m. – 12 p.m. Capital Events Center
Tumwater, Washington