The SEC withdrew multiple rule proposals that were previously approved under former Chairman, Gary Gensler, during his tenure, which saw a flurry of rulemaking that was widely criticized as too fast and aggressive. The withdrawn proposals include five that would have directly affected investment advisers and private fund managers, as well as others focused on broker-dealers or public companies. Of the significant rule proposals that Standish Compliance has closely followed for our clients, this leaves only the Customer Identification Program for RIAs and ERAs remaining open.