The compliance deadline for smaller SEC-registered investment advisers under the U.S. Securities and Exchange Commission’s amended Regulation S-P is quickly approaching. Smaller SEC-registered investment advisers — generally those with less than $1.5 billion in regulatory assets under management — must comply with the amended Regulation S-P requirements by June 3, 2026. The SEC announced that smaller entities would have 24 months after Federal Register publication to comply, and the final amendments were published on June 3, 2024.
Category Archives: Regulation S-P
Does a Custodian Qualify as a “Service Provider” to an Investment Adviser Under Amended Regulation S-P?
May 11, 2026
As investment adviser firms registered with the U.S. Securities and Exchange Commission (SEC) prepare for compliance with the SEC’s amended Regulation S-P Safeguards Rule, many chief compliance officers are asking an important question:
The compliance clock is ticking—and for many smaller investment advisers, Regulation S-P’s amended requirements are closer than they may seem.
Upcoming Reg S-P Deadline for Large Investment Advisers
November 25, 2025
The first major compliance deadline under the amended Regulation S-P of the U.S. Securities and Exchange Commission (SEC) is approaching quickly. Large SEC-registered investment advisers – those with $1.5 billion or more in regulatory assets under management – must comply by December 3, 2025, while smaller SEC-registered investment advisers (those under $1.5 billion RAUM) must be compliant by June 3, 2026. Given the scope of the amendments, investment advisory firms should begin preparing now to ensure their programs, service-provider agreements, and internal procedures are ready before examination.
