3235-AN39 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 3235 Securities and Exchange Commission SEC Updates to "Small Entity" Definitions for Purposes of the Regulatory Flexibility Act

The Divisions are considering recommending that the Commission propose amendments to update its definitions of "small entity" for purposes of the Regulatory Flexibility Act. In particular, the Division of Investment Management is considering recommending that the Commission propose amendments to rule 0-7 under the Investment Advisers Act of 1940 and rule 0-10 under the Investment Company Act of 1940 to increase the asset-based thresholds used in the definitions of "small business" and "small organization" for purposes of the Regulatory Flexibility Act along with corresponding amendments to Form ADV.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined No Other 17 CFR 275.0-7 17 CFR 275.203-3(b) 17 CFR 270.0-10 17 CFR 279.1 Not Yet Determined No NPRM 10/00/2025 No None No No No Sirimal Mukerjee Senior Special Counsel, Division of Investment Management 3235 Securities and Exchange Commission SEC 202 551-3340 mukerjees@sec.gov 100 F Street NE, Washington DC 20549