Regulation · Instrument · United States · Proposed rule · U.S. Securities and Exchange Commission
SEC proposed Adviser and Regulated Fund Custody Rules; Crypto Custody Rules (Release Nos. IA-7023, IC-36353, File No. S7-2026-35)
An SEC proposal for new custody rules under the Investment Company Act and amended rules under the Advisers Act covering how registered funds may hold crypto securities and similar investments, and how registered investment advisers may hold client crypto assets. It also modernises the custody rules generally, redesignates the adviser custody rule, and adds disclosure questions on tokenised private funds and tokenised fund shares.
Consultation open · part of SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief)
Key points
- Sets out how registered investment companies may custody crypto securities and similar investments, and how registered advisers may custody client crypto assets.[1]
- Includes provisions on self-custody of crypto assets by advisers and regulated funds, and on custody of crypto assets by state trust companies.[1]
- Would add Form ADV questions on tokenised private funds and Form N-CEN questions on tokenised shares of regulated funds.[1]
Timeline
- 6 Oct 2026 · ProposedPublished in the Federal Register.[1]
- 7 Dec 2026 · Consultation · upcomingComment deadline.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]Adviser and Regulated Fund Custody Rules; Crypto Custody Rules (FR Doc. 2026-20466, proposed rule) — Federal Register (Office of the Federal Register), 6 Oct 2026. Accessed 13 Oct 2026.A