The Securities and Exchange Commission (SEC) is seeking public comments on extending the information collection for "Rule 204A-1" under the Investment Advisers Act of 1940. This rule, known as the Code of Ethics Rule, requires investment advisers to maintain a code of conduct for their personnel, safeguard client information, and monitor personal security transactions. The public can comment on the necessity, accuracy, and ways to improve or reduce the burden of this information collection until March 31, 2025. Responses will help the SEC ensure compliance and evaluate the adequacy of advisers' ethical codes and trading practices.
Simple Explanation
The SEC wants to know what people think about a rule that asks companies to have a good behavior guide for their employees and keep client info safe, and they hope people will share their thoughts to help make this rule better by March 31, 2025.