---
kind: "section"
citation: "17 C.F.R. § 205.4"
title: "17"
number: "205.4"
heading: "Responsibilities of supervisory attorneys."
url: "https://uscodex.org/cfr/17/205.4"
---

# §205.4. Responsibilities of supervisory attorneys.

- (a) An attorney supervising or directing another attorney who is appearing and practicing before the Commission in the representation of an issuer is a supervisory attorney. An issuer's chief legal officer (or the equivalent thereof) is a supervisory attorney under this section.
- (b) A supervisory attorney shall make reasonable efforts to ensure that a subordinate attorney, as defined in [§ 205.5(a)](/cfr/17/205.5.md?p=a), that he or she supervises or directs conforms to this part. To the extent a subordinate attorney appears and practices before the Commission in the representation of an issuer, that subordinate attorney's supervisory attorneys also appear and practice before the Commission.
- (c) A supervisory attorney is responsible for complying with the reporting requirements in [§ 205.3](/cfr/17/205.3.md) when a subordinate attorney has reported to the supervisory attorney evidence of a material violation.
- (d) A supervisory attorney who has received a report of evidence of a material violation from a subordinate attorney under [§ 205.3](/cfr/17/205.3.md) may report such evidence to the issuer's qualified legal compliance committee if the issuer has duly formed such a committee.

## Notes

### Authority

Authority: 15 U.S.C. 77s, 78d-3, 78w, 80a-37, 80a-38, 80b-11, 7202, 7245, and 7262.

### Source

Source: 68 FR 6320, Feb. 6, 2003, unless otherwise noted.