# 2025-08542: SEC Extends Ethics Rule to Guard Against Fund Insider Shenanigans

2025-08542, Submission for OMB Review; Comment Request; Extension: Rule 17j-1, is a Federal Register notice from Securities and Exchange Commission published 2025-05-15, effective The public may view and comment on this information collection request within 30 days of the day after publication, by June 16, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-08542
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-08542
- Title: Submission for OMB Review; Comment Request; Extension: Rule 17j-1
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 20718
- Published: 2025-05-15
- Effective: The public may view and comment on this information collection request within 30 days of the day after publication, by June 16, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Extends Ethics Rule to Guard Against Fund Insider Shenanigans

## Summary

The SEC is extending a rule that helps stop investment fund workers from using secret info to make personal stock trades that could hurt investors. This rule affects investment companies and their staff, requiring them to have clear ethics codes and report any problems. There’s no new cost or big changes, just a continuation to keep things fair and transparent.

## Effects PRIA read

- Mandatory Access Person Reporting: cost, medium. If you are an investment company employee considered an "Access Person," you must file an initial holdings report within 10 days of becoming an Access Person, quarterly transaction reports within 30 days after each calendar quarter, and annual holdings reports. Investment personnel must also get ap…
- Codes of Ethics and Fund Compliance Costs: cost, high. Registered investment companies (17j-1 organizations) must adopt written codes of ethics, submit codes and material changes to their fund board, maintain procedures to prevent violations, identify and notify Access Persons of reporting duties, and keep records for SEC review. The SEC estimates an a…
- Investor Protections Against Insider Trading: benefit, low. If you own securities through investment funds, Rule 17j-1 prohibits affiliated persons from engaging in fraudulent, deceptive, or manipulative personal trades in securities held or to be acquired by the fund, and requires monitoring and reporting to help detect abusive activity, aiding investor pr…

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## Sources
- [2025-08542 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/15/2025-08542/submission-for-omb-review-comment-request-extension-rule-17j-1)
- [2025-08542 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-15/pdf/2025-08542.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2025-08542 (as of 2026-06-08).