Spotlight on US Compliance

AIMA's spotlight on compliance includes a wide body of implementation guides and guidance. Each guide or piece of guidance relates to a specific new rule or set of rules and can be used by firms and their employees to assist them in with implementation.  

Final US Rules

Definition of Dealer

U.S. District Court for the Northern District of Texas vacated rule (subject to possibility of appeal by SEC) on November 21, 2024

Minimum Tick Size

The compliance date for the tick size, access fee and round lot definition changes is the first business day of November 2025. The compliance date for the odd-lot information is the first business day of May 2026.

Pending Rules for All Managers

Pending Rules for RIAs Only

ESG for Advisers and Funds

Estimated Compliance Date for prospectuses, Form N-CEN & Form ADV: November 4, 2026 Estimated Compliance Date for shareholder reports & Form N-CSR: May 5, 2027