Mo. Code Regs. Ann. tit. 15, § 30-51.100
Custody of Securities or Funds by Investment Advisers
Effective Feb 28, 2006sections 409.4-411(f) and 409- 6.605, RSMo Supp. 2004.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Emergency amendment filed Aug. 27, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 28, 2003, effective Feb. 29, 2004. Amended: Filed Sept. 1, 2005, effective Feb. 28, 2006Secretary of State
PURPOSE: This rule prohibits the custody of clients’ securities or funds by registered investment advisers.
- (1) Investment advisers may have custody or possession of the securities or funds of a client provided that the investment adviser maintains custody or possession in accordance with the requirements set forth in 17 CFR Section 275.206(4)–2(a)(1)–(4).
- (2) An investment adviser who is also registered as a broker-dealer may comply with 17 CFR Section 275.206(4)–2(b) with respect to custody in lieu of the requirements set forth in 17 CFR Section 275.206(4)–2(a)(1)–(4).
AUTHORITY: sections 409.4-411(f) and 409- 6.605, RSMo Supp. 2004.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Emergency amendment filed Aug. 27, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 28, 2003, effective Feb. 29, 2004. Amended: Filed Sept. 1, 2005, effective Feb. 28, 2006.
*Original authority: 409.4-411, RSMo 2003 and 409.6- 603, RSMo 2003.