SEC Extends Form for Investment Watchdogs
Published Date: 1/28/2026
Notice
Summary
The SEC is asking to keep using Form N-17D-1, which helps small business investment companies (SBICs) and their related banks report certain joint investments. This form protects investors by making sure these deals are transparent and fair. No big changes or extra costs are coming, but the form’s extension keeps the info flowing smoothly.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
SBIC Reporting Requirement Continues
If a small business investment company (SBIC) and its affiliated bank make a contemporaneous investment in a small business concern, they must file Form N-17D-1 with the SEC. The form requires identifying information, the SBIC's and bank's outstanding investments, use of proceeds, affiliated persons with interests, and the Commission will not keep responses confidential. The SEC says it will keep an inventory of one burden hour and estimates a filing would cost $266.
Investor Transparency from SBIC Filings
Shareholders and people thinking about investing in an SBIC can learn about potential self-dealing because Form N-17D-1 reports who is involved, amounts invested, how proceeds are used, and any affiliated persons' interests in the transactions. That information helps investors make more informed decisions about investing in an SBIC.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in