{"as_of":"2026-10-15T04:50:08.319Z","total_matching":11,"count":11,"documents":[{"document_number":"2026-20474","title":"Investment Adviser Performance-Based Compensation Modernization","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-10-06","effective_on":"2026-10-06","comments_close_on":"2026-12-07","significant":null,"abstract":"The Securities and Exchange Commission (the \"Commission\") is proposing to amend the rule under the Investment Advisers Act of 1940 that provides an exemption from the statutory prohibition on registered investment advisers receiving compensation on the basis of a share of capital gains in or capital appreciation of an advisory client's account. Specifically, the proposed amendments would expand the ability of investment advisers to receive this compensation from clients that are registered management investment companies and business development companies (collectively, \"regulated funds\"), subject to certain conditions. The proposal would relatedly amend certain regulated fund registration and reporting forms to require separate disclosure of all performance-based compensation paid by regulated funds to their investment adviser. The proposed rule amendments would also allow investment advisers to receive this compensation from additional clients by revising the rule's \"qualified client\" definition to include investors that meet the \"accredited investor\" definition in Regulation D under the Securities Act of 1933. The proposal would relatedly make conforming amendments to certain other rules under the Investment Advisers Act of 1940 whose provisions reference the \"qualified client\" definition.","docket_ids":["Release Nos. 33-11443","34-106533","IA-7022","IC-36350","File No. S7-2026-28"],"regulation_id_numbers":["3235-AN59"],"cfr_references":["17 CFR 239","17 CFR 249","17 CFR 274","17 CFR 275"],"topics":["Brokers","Fraud","Investment companies","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/10/06/2026-20474/investment-adviser-performance-based-compensation-modernization","flags":[],"days_to_comment_close":53,"days_to_effective":-9},{"document_number":"2026-20466","title":"Adviser and Regulated Fund Custody Rules; Crypto Custody Rules","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-10-06","effective_on":"2026-10-06","comments_close_on":"2026-12-07","significant":true,"abstract":"The Securities and Exchange Commission (the \"Commission\" or the \"SEC\") is proposing new custody rules under the Investment Company Act of 1940 (the \"Investment Company Act\") and amendments to related reporting and recordkeeping requirements to address how regulated investment companies may custody crypto securities and similar investments, and amendments to the custody rule and related reporting and recordkeeping rules under the Investment Advisers Act of 1940 (the \"Advisers Act\") to address how registered investment advisers may custody client crypto funds and securities. We are also proposing to amend the current custody rules to modernize their requirements, to better address current industry practices and feedback, and to implement certain conforming amendments. We are also proposing amendments to the recordkeeping rules under the Investment Company Act and Advisers Act related to these proposed modernization amendments to the custody rules. Additionally, we are proposing to redesignate the custody rule under the Advisers Act and to make corresponding amendments to Form ADV and Form ADV-E for registered investment advisers to reflect the Advisers Act custody rule redesignation. We are also proposing amendments to Form ADV for registered investment advisers and Form N-CEN for regulated investment companies and to improve the quality of public disclosures made on these forms. We are also proposing to add new questions to Form ADV and Form N-CEN related to tokenized private funds and regulated investment company shares, respectively.","docket_ids":["Release Nos. IA-7023","IC-36353","File No. S7-2026-35"],"regulation_id_numbers":["3235-AN46"],"cfr_references":["17 CFR 270","17 CFR 274","17 CFR 275","17 CFR 279"],"topics":["Incorporation by reference","Investment companies","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/10/06/2026-20466/adviser-and-regulated-fund-custody-rules-crypto-custody-rules","flags":["significant"],"days_to_comment_close":53,"days_to_effective":-9},{"document_number":"2026-20461","title":"Adoption of Updated EDGAR Filer Manual","type":"Rule","action":"Final rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-10-06","effective_on":"2026-10-06","comments_close_on":null,"significant":null,"abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (\"EDGAR Filer Manual\" or \"Filer Manual\") and related rules and forms. EDGAR Release 26.3 will be deployed in the EDGAR system on September 14, 2026.","docket_ids":["Release Nos. 33-11438","34-106345","39-2565","IC-36326"],"regulation_id_numbers":[],"cfr_references":["17 CFR 232"],"topics":["Incorporation by reference","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/10/06/2026-20461/adoption-of-updated-edgar-filer-manual","flags":[],"days_to_comment_close":null,"days_to_effective":-9},{"document_number":"2026-20360","title":"Interval Fund Modernization; Expansion of Multiple Share Class to Registered Closed-End Management Investment Companies and Business Development Companies","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-10-05","effective_on":null,"comments_close_on":"2026-12-04","significant":null,"abstract":"The Securities and Exchange Commission (the \"Commission\") is proposing to amend the rule under the Investment Company Act of 1940 that allows registered closed-end management investment companies and business development companies (collectively, \"regulated closed-end funds\") to make repurchase offers to shareholders at net asset value (\"NAV\") at periodic intervals pursuant to a fundamental policy (\"interval funds\"). The proposed amendments would increase flexibility in the rule's repurchase offer framework and modify the rule's liquidity management requirements. The proposal is designed to modernize the framework applicable to these funds by allowing them to better match the liquidity profile of the assets in which they invest, while continuing to provide the operational infrastructure and investor protection of the Investment Company Act of 1940. We also propose amending certain rules that would permit regulated closed-end funds to issue multiple share classes, consistent with routine exemptive relief provided to these funds, and to require certain related disclosure in funds' prospectuses. We further propose to require disclosures in all regulated closed-end fund shareholder reports, a legend in their prospectuses, and an increase in the dollar amount used for the prospectus expense example, to provide investors with information about fund expenses similar to that provided by registered open-end funds. As a result of these amendments for interval funds and multiple share class regulated closed-end funds, we propose to rescind existing related exemptive orders.","docket_ids":["Release No. 33-11444","34-106534","IC-36351","File No. S7-2026-34"],"regulation_id_numbers":["3235-AN83"],"cfr_references":["17 CFR 239","17 CFR 249","17 CFR 270","17 CFR 274"],"topics":["Investment companies","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/10/05/2026-20360/interval-fund-modernization-expansion-of-multiple-share-class-to-registered-closed-end-management","flags":[],"days_to_comment_close":50,"days_to_effective":null},{"document_number":"2026-20262","title":"Commission Quorum Requirement","type":"Rule","action":"Final rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-10-02","effective_on":"2026-10-02","comments_close_on":null,"significant":null,"abstract":"The Securities and Exchange Commission (\"Commission\") is amending its rules concerning the circumstances under which a quorum of the Commission is present. The amendments are designed to promote flexibility and finality of agency rulemaking.","docket_ids":["Release No. 34-106537"],"regulation_id_numbers":[],"cfr_references":["17 CFR 200"],"topics":["Administrative practice and procedure","Authority delegations (Government agencies)"],"url":"https://www.federalregister.gov/documents/2026/10/02/2026-20262/commission-quorum-requirement","flags":[],"days_to_comment_close":null,"days_to_effective":-13},{"document_number":"2026-19260","title":"Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-09-21","effective_on":"2026-09-21","comments_close_on":"2026-11-20","significant":true,"abstract":"The Securities and Exchange Commission (\"Commission\") is proposing to rescind Rule 14a-8 under the Securities Exchange Act of 1934 (\"Exchange Act\") and leave determinations about the role of shareholder proposals to State law and company governing documents. The Commission also is proposing to amend Rule 14a-4 under the Exchange Act to expand the circumstances under which a company may exercise, with respect to proxies it receives, discretionary voting authority on proposals that will be presented at a shareholder meeting but not included in the company's proxy materials. At the same time, the proposed amendments to Rule 14a-4 would provide shareholders with the means to elect to prevent the company from exercising such authority with respect to their individual shares.","docket_ids":["Release No. 34-106383","File No. S7-2026-32"],"regulation_id_numbers":["3235-AN47"],"cfr_references":["17 CFR 200","17 CFR 229","17 CFR 232","17 CFR 240","17 CFR 249"],"topics":["Electronic filing","Investment companies","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/09/21/2026-19260/rescission-of-rule-14a-8s-federal-regulation-of-shareholder-proposals-and-amendments-to-rule-14a-4","flags":["significant"],"days_to_comment_close":36,"days_to_effective":-24},{"document_number":"2026-19259","title":"Proxy Solicitation Modernization","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-09-21","effective_on":"2026-09-21","comments_close_on":"2026-11-20","significant":null,"abstract":"The Securities and Exchange Commission (\"Commission\") is proposing amendments to modernize certain rules related to proxy solicitations. The proposed amendments would, among other things, eliminate the requirement that registrants deliver an annual report to security holders, eliminate the delivery deadline when documents are incorporated by reference into a proxy statement, eliminate the requirement to file soliciting material regarding certain exempt solicitations, and shorten the minimum broker search period for proxy solicitations. The proposed amendments are intended to update our rules to account for developments since their adoption or last amendment and to simplify compliance for registrants.","docket_ids":["Release Nos. 33-11439","34-106385","39-2566","File No. S7-2026-33"],"regulation_id_numbers":["3235-AN63"],"cfr_references":["17 CFR 200","17 CFR 229","17 CFR 230","17 CFR 232","17 CFR 239","17 CFR 240","17 CFR 249","17 CFR 260"],"topics":["Administrative practice and procedure","Authority delegations (Government agencies)","Brokers","Electronic filing","Securities","Trusts and trustees"],"url":"https://www.federalregister.gov/documents/2026/09/21/2026-19259/proxy-solicitation-modernization","flags":[],"days_to_comment_close":36,"days_to_effective":-24},{"document_number":"2026-18424","title":"Political Contributions by Certain Investment Advisers","type":"Proposed Rule","action":"Proposed rule; rescission.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-09-10","effective_on":"2026-09-10","comments_close_on":"2026-11-09","significant":null,"abstract":"The Securities and Exchange Commission (the \"Commission\" or the \"SEC\") is proposing to rescind the political contribution rule under the Investment Advisers Act of 1940 (the \"Advisers Act\"), which prohibits investment advisers from providing investment advisory services for compensation to a government client for two years after an adviser or any covered associate of the adviser makes a contribution to certain categories of elected officials or candidates, among other prohibitions. In the more than fifteen years since the rule was adopted, implementation challenges associated with the political contribution rule have resulted in a range of significant unintended consequences, including compliance practices among some investment advisers that may have had the effect of restricting all political contributions by the investment advisers and their employees. Market participants also have stated that the political contribution rule is burdensome, complex, and both lacks clarity and creates a de facto strict liability standard. The Commission is of the view that other existing requirements of the Advisers Act and its associated rules, including prohibitions on fraud, fiduciary duty requirements, the compliance rule, and the code of ethics rule (defined below), are likely sufficient to address pay-to-play practices while allowing an adviser the flexibility to implement an approach that is more appropriately tailored to its particular risks, rendering the political contribution rule unnecessary. The Commission also is proposing to amend the rule under the Advisers Act pertaining to books and records consistent with the proposed rescission.","docket_ids":["Release No. IA-6994","File No. S7-2026-31"],"regulation_id_numbers":["3235-AN65"],"cfr_references":["17 CFR 275"],"topics":["Administrative practice and procedure","Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/09/10/2026-18424/political-contributions-by-certain-investment-advisers","flags":[],"days_to_comment_close":25,"days_to_effective":-35},{"document_number":"2026-18190","title":"Transfer Agent Rules","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-09-04","effective_on":"2026-09-04","comments_close_on":"2026-11-03","significant":true,"abstract":"The U.S. Securities and Exchange Commission (\"SEC\" or \"Commission\") is proposing to adopt new rules, amend existing rules, amend the existing form for registration with the Commission as a transfer agent (Form TA-1) and the existing form for reporting activities of transfer agents (Form TA-2), and rescind an existing rule governing registered transfer agents. The proposals are designed to modernize the rules governing registered transfer agents.","docket_ids":["Release No. 34-106246","File No. S7-2026-30"],"regulation_id_numbers":["3235-AL55"],"cfr_references":["17 CFR 240","17 CFR 249"],"topics":["Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/09/04/2026-18190/transfer-agent-rules","flags":["significant"],"days_to_comment_close":19,"days_to_effective":-41},{"document_number":"2026-18104","title":"Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date","type":"Rule","action":"Joint final rule; further extension of compliance date.","agencies":["Commodity Futures Trading Commission","Securities and Exchange Commission"],"publication_date":"2026-09-03","effective_on":"2026-09-03","comments_close_on":null,"significant":false,"abstract":"The Commodity Futures Trading Commission (the \"CFTC\") and the Securities and Exchange Commission (the \"SEC\") (collectively, \"we\" or the \"Commissions\") are further extending the compliance date for the amendments to Form PF that were adopted on February 8, 2024, from October 1, 2026, to July 1, 2027. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (a \"CPO\") or a commodity trading adviser (a \"CTA\").","docket_ids":["Release No. IA-6992","File No. S7-22-22"],"regulation_id_numbers":["3038-AF31","3235-AN13"],"cfr_references":["17 CFR None","17 CFR 279"],"topics":[],"url":"https://www.federalregister.gov/documents/2026/09/03/2026-18104/form-pf-reporting-requirements-for-all-filers-and-large-hedge-fund-advisers-further-extension-of","flags":[],"days_to_comment_close":null,"days_to_effective":-42},{"document_number":"2026-17939","title":"Exemption of Debt Obligations Issued by the European Union Under the Securities Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities","type":"Proposed Rule","action":"Proposed rule.","agencies":["Securities and Exchange Commission"],"publication_date":"2026-09-02","effective_on":"2026-09-02","comments_close_on":"2026-11-02","significant":null,"abstract":"The Securities and Exchange Commission (the \"Commission\" or the \"SEC\") is proposing an amendment to designate debt obligations issued by the European Union as \"exempted securities\" for the purposes of marketing and trading futures contracts on those securities in the United States or to U.S. persons. The amendment is designed to permit futures trading on debt obligations issued by the European Union to be regulated as futures on \"exempted securities,\" subject to the Commodity Exchange Act. The proposal is intended to increase U.S. persons' access to the market for these products, which may improve opportunities for hedging; lower transaction costs; contribute to greater market depth; reduce operational friction; and increase competition.","docket_ids":["Release No. 34-106225","File No. S7-2026-29"],"regulation_id_numbers":["3235-AN82"],"cfr_references":["17 CFR 240"],"topics":["Reporting and recordkeeping requirements","Securities"],"url":"https://www.federalregister.gov/documents/2026/09/02/2026-17939/exemption-of-debt-obligations-issued-by-the-european-union-under-the-securities-exchange-act-of-1934","flags":[],"days_to_comment_close":18,"days_to_effective":-43}],"next_since":"2026-10-15","method_id":"reg_views_rules_v1","disclaimer":"Regulatory information from the Federal Register (public domain); not legal advice.","refresh_after":"2026-10-16T00:00:00.000Z"}