{"abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is proposing a new rule under the Investment Advisers Act of 1940 (\"Advisers Act\" or \"Act\") to address how investment advisers safeguard client assets. To effect our redesignation of the current custody rule for the proposed new safeguarding rule, we are proposing to renumber the current rule. In addition we are proposing to amend certain provisions of the current custody rule for enhanced investor protections. We also are proposing corresponding amendments to the recordkeeping rule under the Advisers Act and to Form ADV for investment adviser registration under the Advisers Act.","action":"Proposed rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2023/03/09/2023-03681.html","cfr_references":[{"chapter":null,"citation_url":null,"part":275,"title":17},{"chapter":null,"citation_url":null,"part":279,"title":17}],"citation":"88 FR 14672","comment_url":null,"comments_close_on":"2023-05-08","correction_of":null,"corrections":[],"dates":"Comments should be received on or before May 8, 2023.","disposition_notes":null,"docket_ids":["Release No. 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