[Federal Register Volume 62, Number 117 (Wednesday, June 18, 1997)]
[Rules and Regulations]
[Page 33008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15937]



[[Page 33008]]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 279

[Release No. IA-1633A, File No. S7-31-96]
RIN 3235-AH07


Rules Implementing Amendments to the Investment Advisers Act of 
1940

AGENCY: Securities and Exchange Commission.

ACTION: Final rules; correction.

-----------------------------------------------------------------------

SUMMARY:  The Commission is correcting Instruction 7(d) of Schedule I 
to Form ADV adopted under the Investment Advisers Act of 1940 
(``Advisers Act''), which was published Thursday, May 22, 1997, (62 FR 
28112).

EFFECTIVE DATE: July 8, 1997.

FOR FURTHER INFORMATION CONTACT:
Catherine M. Saadeh, Staff Attorney, or Jennifer S. Choi, Special 
Counsel, at (202) 942-0691, Task Force on Investment Adviser 
Regulation, Division of Investment Management, Stop 10-2, Securities 
and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549.

SUPPLEMENTARY INFORMATION: The Commission is correcting Instruction 
7(d) of Schedule I to Form ADV adopted under the Advisers Act.\1\ As 
published, the Instruction 7(d) of Schedule I to Form ADV required 
investment advisers to determine the total amount of assets under 
management based on the current market value of assets as of a date no 
more than 90 business days prior to the date of filing Schedule I. The 
instruction, however, should state that the total assets under 
management be determined based on the current market value of assets as 
of a date no more than 90 days prior to the date of filing Schedule I.
---------------------------------------------------------------------------

    \1\ Investment Adviser Releases No. 1633 (May 15, 1997).
---------------------------------------------------------------------------

    Accordingly, the publication on May 22, 1997 of the final 
regulations (IA-1633), which were the subject of FR Doc. 97-13284, is 
corrected as follows:


Sec. 279.1  [Corrected]

    On page 28151, paragraph (d), line 2, ``within 90 business days'' 
is corrected to read ``within 90 days''.

    Dated: June 13, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-15937 Filed 6-17-97; 8:45 am]
BILLING CODE 8010-01-M