Exemption for Certain Investment Advisers Operating Through the Internet

Document 2024-06865 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on April 9, 2024, with an effective date of July 8, 2024. The Securities and Exchange Commission ("SEC" or "Commission") is adopting amendments to the rule under the Investment Advisers Act of 1940 that exempts certain investment advisers that provide advisory services through the internet ("internet investment advisers") from the prohibition on Commission registration, as well as related amendments to Form ADV. The amendments are designed to modernize the rule's conditions to account for the evolution in technology and the investment advisory industry since the initial adoption of the rule in 2002. View the original at https://www.federalregister.gov/documents/2024/04/09/2024-06865/exemption-for-certain-investment-advisers-operating-through-the-internet.

No. Document 2024-06865 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.