SEC Schedules Rule Reviews to Ease Small Business Burdens
Published Date: 1/12/2026
Rule
Summary
The Securities and Exchange Commission is checking some of its rules to see if they still work well for small businesses or if they need changes. They want your thoughts by February 11, 2026, to help decide if the rules should stay, change, or go away. This review could save small businesses money and make things easier for them.
Analyzed Economic Effects
7 provisions identified: 7 benefits, 0 costs, 0 mixed.
Review of Intrastate Offering Exemptions
The SEC will review the 2016 amendments creating Rule 147A and modernizing Rule 147 and the Rule 504 change that increased the 12‑month offering limit from $1,000,000 to $5,000,000 (adopted October 26, 2016). The RFA review invites comments by February 11, 2026 on whether these exemptions should be continued, amended, or rescinded to minimize economic effects on small entities.
SEC Seeks Small-Business Comments
The SEC published a list of rules for review under the Regulatory Flexibility Act and is asking for public comments by February 11, 2026 (File No. S7-2026-02). The agency will consider whether each listed rule should be continued, amended, or rescinded to minimize any significant economic impact on a substantial number of small entities.
Review of JOBS Act Registration Changes
The SEC scheduled a review of the 2016 amendments to Exchange Act registration rules implementing Title V and VI of the JOBS Act, including revisions to Rules 12g-1 through 12h-3 and Rule 12g5-1. The review will follow the RFA process and may consider whether those rules should be amended or rescinded; comments are due February 11, 2026.
Review of Form ADV and Advisers Rules
The SEC will review the 2016 amendments to Form ADV and related Investment Advisers Act rules that added disclosures and registration options for advisers (adopted August 25, 2016). The review is part of the RFA process and the Commission invites comments by February 11, 2026 on whether these rules should be continued, changed, or rescinded to reduce impacts on small entities.
Review of Investment Company Reporting Rules
The SEC listed for review the 2016 Investment Company Reporting Modernization rules, including new Forms N-PORT and N-CEN and related amendments adopted October 13, 2016. The RFA review invites comment by February 11, 2026 on whether these reporting and disclosure rules should be continued, amended, or rescinded to lessen economic effects on small entities.
Review of Swing Pricing Rule for Funds
The SEC will review the 2016 amendments permitting 'swing pricing' under Rule 22c-1 for certain open-end funds (adopted October 13, 2016). The RFA review invites comments by February 11, 2026 on whether the swing pricing rule should be continued, amended, or rescinded to minimize economic impacts on small entities.
Review of Fund Liquidity Risk Rules
The SEC listed for review the 2016 rules establishing liquidity risk management programs for open-end funds (including new Rule 22e-4 and Form N-LIQUID) adopted October 13, 2016. The RFA review asks for comments by February 11, 2026 on whether those rules should be continued, changed, or rescinded to reduce economic impacts on small entities.
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!
2026-16700, Stone Point Credit Income Fund and Stone Point Credit Income Adviser LLC
2026-16691, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fee Schedule
Cboe BZX Exchange is updating its fee schedule starting now! They’re removing an old discount tier, adding a new one just for single MPID investors, and dropping expired liquidity provision rates. Traders using BZX Equities should check these changes since they could affect their fees immediately.
Previous / Next Documents
Previous: 2026-00313, Changes to Agriculture Risk Coverage, Price Loss Coverage, and Dairy Margin Coverage Programs
Farmers and dairy producers get some good news! The USDA updated the Agriculture Risk Coverage, Price Loss Coverage, and Dairy Margin Coverage programs to boost support from 2026 through 2031. Changes include higher milk coverage limits, new ways to set production history, and updated payment rules—all starting January 12, 2026, helping farmers plan ahead and protect their income.
Next: 2026-00321, Adjustment to Premium Processing Fees
Starting March 1, 2026, folks using premium processing for certain immigration requests will pay a bit more because USCIS is raising fees to keep up with inflation from 2023 to 2025. If you send in your request on or after that date, be ready to include the new, higher fee. This change helps USCIS keep things speedy while covering rising costs.