3235-AM72 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 3235 Securities and Exchange Commission SEC Investment Company Names

The Division is considering recommending that the Commission adopt amendments to Investment Company Act rule 35d-1, which applies to names used by registered investment companies.  The Commission proposed to amend the rule that addresses certain broad categories of investment company names that are likely to mislead investors about an investment company’s investments and risks. The proposed amendments to this rule are designed to increase investor protection by improving and clarifying the requirement for certain funds to adopt a policy to invest at least 80% of their assets in accordance with the investment focus that the fund’s name suggests, updating the rule’s notice requirements, and establishing recordkeeping requirements. The Commission also proposed enhanced prospectus disclosure requirements for terminology used in fund names, and additional requirements for funds to report information on Form N-PORT regarding compliance with the proposed names-related regulatory requirements.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No 17 CFR 270.35d-1 17 CFR 239.15A 17 CFR 274.11A 17 CFR 239.13 17 CFR 274.11a-1 17 CFR 274.12 17 CFR 239.16 17 CFR 274.150 17 CFR 232.11 17 CFR 232.405 17 CFR 230.485 17 CFR 230.497 ... 15 U.S.C. 80a-8 15 U.S.C. 80a-29 15 U.S.C. 80a-30 15 U.S.C. 80a-33 15 U.S.C. 80a-34 15 U.S.C. 80a-37 15 U.S.C. 80a-58 15 U.S.C. 80a-63 15 U.S.C. 80a-18 15 U.S.C. 77e 15 U.S.C. 77f 15 U.S.C. 77g(a) 15 U.S.C. 77h 15 U.S.C. 77j 15 U.S.C. 77s(a) 15 U.S.C. 78j 15 U.S.C. 78m 15 U.S.C. 78o 15 U.S.C. 78w 15 U.S.C. 78ll ... No ANPRM 03/06/2020 85 FR 13221 ANPRM Comment Period End 05/05/2020 NPRM 06/17/2022 87 FR 36594 NPRM Comment Period End 08/16/2022 NPRM Comment Period Reopened 10/18/2022 87 FR 63016 NPRM Comment Period End 11/01/2022 Final Action 10/00/2023 Yes Businesses None No Yes No Michael Kosoff Division of Investment Management 3235 Securities and Exchange Commission SEC 202 551-6754 kosoffm@sec.gov 100 F Street NE, Washington DC 20549