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

Compliance - minimum tick size

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.

Compliance - Short position reporting

Short Position Reporting

Extended Compliance Date for Rule 13f-2: January 2, 2026; First Form SHO Filings: February 17, 2026; Compliance Date for CAT amendments: July 2, 2025

Pending Rules for All Managers

Pending Rules for RIAs Only

Rules Pending Reproposal

Overturned Rules

Compliance - definition of dealer

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

Compliance - Private Fund Adviser

Private Fund Adviser Rule

The mandate of the U.S. Court of Appeals for the Fifth Circuit vacating this rule was issued on July 29, 2024.