SEC Proposes Enhancements to Fund Naming Under Investment Company Act

The SEC has issued a proposed rule, Investment Company Names. The proposal would “enhance and modernize the Investment Company Act ‘Names Rule’ to address changes in the fund industry and compliance practices that have developed in the approximately 20 years since the rule was adopted.”

Comments on the proposed rule are due 60 days after the date of its publication in the Federal Register.

For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Caroline A. Crenshaw, Allison H. Lee, and Hester M. Peirce, on the SEC’s Web site.