Investment Adviser Rules - Amendments

Industry: 
Securities
Rulemaking Status: 
Adopted
Effective Date: 
02/18/2019
Rulemaking Subject/About: 

The Securities Division has 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, 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 amendments also make various ministerial and plain English updates, such as alphabetizing the definitions rule. These updates promote investor protection, reflect the current practices of the Securities Division in its registration and examination of investment advisers, and incorporate current federal law and NASAA model rules.

Rulemaking Documents

Rulemaking Questions/Comments

If you have any questions or comments, please contact:
Jill Vallely
jill.vallely@dfi.wa.gov
(360) 902-8801