Final Rule

Principal Trades with Certain Advisory Clients

Overview

The Securities and Exchange Commission is amending rule 206(3)-3T under the Investment Advisers Act of 1940, a temporary rule that establishes an alternative means for investment advisers who are registered with the Commission as broker-dealers to meet the requirements of section 206(3) of the Investment Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients. The amendment extends the date on which rule 206(3)- 3T will sunset from December 31, 2010 to December 31, 2012.

Prior Actions

Release Number
IA-2965A
SEC Issue Date
Federal Register Publish Date
Document Citation

75 FR 742

RIN
3235-AJ96
Notes

The amendments are effective December 31, 2009, and the expiration date for 17 CFR 275.206(3)-3T is now December 31, 2010. This is a technical correction only for purposes of Federal Register publication to provide clearly that final Rule 206(3)-3T remains in effect through December 31, 2010, consistent with Release No. IA-2965. See also: Final Rule Release No. IA-2965 ; Interim Final Temporary Rule Release No. IA-2653 ; Small Entity Compliance Guide ; Letter to SIFMA regarding expiration of rule 206(3)-3T Federal Register version

Resources

Final Rule: Federal Register Version
Small Entity Compliance Guide
Letter to SIFMA
-3T Federal Register version

Last Reviewed or Updated: Aug. 31, 2023