Investment Fund Eyes New Fees for Early Exits, SEC Watching
Published Date: 3/10/2025
Notice
Summary
ISQ Infrastructure Income Fund and I Squared Capital want permission to offer different types of shares and charge fees if investors pull out early or for services. This change affects investors in these funds and could impact how much they pay in fees. If no one objects by March 31, 2025, the SEC will approve it automatically.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Fund may issue multiple share classes
ISQ Infrastructure Income Fund applied on February 11, 2025 for permission to issue multiple classes of shares. If approved (the SEC will issue an order unless a hearing is requested by March 31, 2025), investors in the Fund could hold different classes of shares.
Fund may impose early withdrawal charges
The Fund requested authority to impose early withdrawal charges on investors who redeem or withdraw early. The application was filed February 11, 2025 and the SEC will issue an order unless a hearing is requested by March 31, 2025.
Fund may charge asset-based distribution/service fees
The Fund seeks permission to impose asset-based distribution and/or service fees on investors, according to the application filed February 11, 2025. The SEC will issue an order granting the requested relief unless a hearing is requested by March 31, 2025.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16853, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Price List
The New York Stock Exchange is changing its price rules starting August 11, 2026. They’re tweaking the share amount needed to get free late D Orders at the market close and cleaning up some wording. This affects traders using these order types and could save or cost them money depending on their order size.
2026-16855, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Equity 4, Rule 3100 Regarding Trading Halts
Previous / Next Documents
Previous: 2025-03737, Hazardous Materials: Information Collection Activities
PHMSA is asking for your thoughts on renewing three important paperwork rules about transporting hazardous materials. This affects companies and workers who handle dangerous goods, helping keep things safe and organized. No big changes or costs are expected, but your feedback helps shape the future!
Next: 2025-03739, Information Collection Request to Office of Management and Budget; OMB Control Number: 1625-0093
The U.S. Coast Guard is asking to keep collecting info from facilities that move oil or hazardous stuff in big amounts, just like before—no changes! This helps keep things safe and smooth. If you’re involved, now’s the time to share your thoughts before the official approval is renewed.