Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 22d-1
Published Date: 1/29/2026
Notice
Summary
The SEC is asking for comments on extending a rule that helps investment funds offer discounts on sales fees to certain investors. This rule makes sure funds tell everyone clearly about these fee changes within a year. If you’re involved with investment funds, this means staying informed and following some simple notice steps—no big cost changes, just clear communication.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Funds must notify investors within one year
If you own or might buy shares of a mutual fund or similar investment fund, the rule requires the fund to tell existing and prospective investors about any scheduled variation or elimination of a front-end sales load. Funds must apply the variation uniformly to the specified class, provide required registration-statement information, revise the prospectus and statement of additional information before offering the variation, and advise existing shareholders within one year of first making the variation available.
Funds may offer load discounts to classes
Rule 22d-1 allows a fund to schedule variations in, or eliminate, a front-end sales load for particular classes of investors or transactions, enabling certain eligible investors to receive reduced or no sales charges when buying fund shares.
Estimated paperwork burden on funds
The SEC estimates about 6,740 series currently issue securities with a front-end sales load, that up to 50% (about 3,370 series) may rely on the rule each year, and that compliance with the rule's notice requirements takes roughly 0.25 hours per respondent, totaling an estimated 843 annual internal burden hours.
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
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
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!
2026-17058, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Connectivity Schedule and Discontinue a Previously Proposed Offering
Previous / Next Documents
Previous: 2026-01725, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 12h-1(f)
The SEC is asking for comments to keep a rule that helps private companies share info about employee stock options without extra paperwork. About 40 companies use this rule yearly, spending around 2 hours each time, with some costs for outside experts. This extension keeps things running smoothly without adding new costs or big changes.
Next: 2026-01727, Notice of Request for Extension of a Currently Approved Information Collection for the Export Inspection and Weighing Waiver for High Quality Specialty Grain Transported in Containers
The USDA wants to keep collecting info for another 3 years about skipping inspections and weighing for special high-quality grain shipped in containers. This affects grain exporters who benefit from faster shipping without extra checks. They’re asking for feedback by March 30, 2026, to make sure the process stays useful and easy without costing extra time or money.