# 2025-22124: SEC Seeks to Keep Mutual Fund Pricing Rule Paperwork Alive

2025-22124, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 22c-1, is a Federal Register notice from Securities and Exchange Commission published 2025-12-05 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-22124
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-22124
- Title: Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 22c-1
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 56210
- Published: 2025-12-05
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Seeks to Keep Mutual Fund Pricing Rule Paperwork Alive

## Summary

The SEC is asking for comments on extending a rule that helps certain investment funds use "swing pricing" to protect investors from losing money when lots of people buy or sell shares. This mainly affects open-end funds (not money market or ETFs) that might start using swing pricing, with an estimated cost of about $77,000 and 280 hours of work for a few fund groups. No funds have used this yet, but the rule keeps things ready and fair.

## Effects PRIA read

- Swing Pricing Can Protect Investors: benefit, low. Rule 22c-1 lets open-end management investment companies (other than money market funds or ETFs) choose to use “swing pricing” to adjust a fund’s net asset value (NAV) and help reduce investor dilution. The SEC says the rule is intended to promote investor protection by giving funds an extra tool t…
- Documentation, Board, and Recordkeeping Costs for Funds: cost, medium. If a fund complex adopts swing pricing, the SEC estimates initial documentation, review, and board-approval costs of $77,038 per fund complex and estimates that 5 fund complexes may adopt it (total initial cost $385,190) with a total of 280 hours of work. The rule also requires funds to keep swing…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-22124 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/05/2025-22124/agency-information-collection-activities-proposed-collection-comment-request-extension-rule-22c-1)
- [2025-22124 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-05/pdf/2025-22124.pdf)

## Related
- [Previous: 2025-22123, Privacy Act of 1974; System of Records](https://policyrisk.com/federal-register/2025-22123)
- [Next: 2025-22126, Notice of Receipt of Complaint; Solicitation of Comments Relating to the Public…](https://policyrisk.com/federal-register/2025-22126)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-22124 (as of 2026-06-08).