SEC Announces Extension to Compliance Dates for Amendments to Investment Company “Names Rule”

The SEC has announced that it has extended the compliance dates for its September 2023 final rule that amends the “Names Rule” under the Investment Company Act of 1940, which “addresses fund names that are likely to mislead investors about a fund’s investments and risks.” Specifically, the compliance dates are being extended by six months — from December 11, 2025, to June 11, 2026, for larger fund groups and from June 11, 2026, to December 11, 2026, for smaller fund groups.

The SEC is hoping that the extension will “balance the investor benefit of the amended Names Rule framework with funds’ needs for additional time to implement the amendments properly, develop and finalize their compliance systems, and test their compliance plans.”

For more information, see the press release on the SEC’s Web site.