Investment Adviser Rules - Amendments

Industry: 
Securities
Rulemaking Status: 
Open

The Washington Securities Division has proposed amendments to the investment adviser rules in Chapter 460-24A WAC. 

The proposed amendments would 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 proposed amendments would add a requirement for advisers to maintain cybersecurity policies and procedures and a code of ethics.  The proposed 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.

A copy of the Notice of Proposed Rule Making (Form CR-102) and the text of the Proposed Rules are available below. 

If you have comments on the proposed rules, you may email them to Jill Vallely at jill.vallely@dfi.wa.gov, or mail them to the address specified in the Form CR-102. 

Rulemaking Hearing: January 9, 2019

The Securities Division will hold a hearing on the proposed rules on January 9, 2019 at 10:00 a.m. at our office in Tumwater, Washington.

Rulemaking Documents

Rulemaking Questions/Comments

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