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.
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Key Dates
Department and Agencies
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