SEC Keeps 80-Percent Name Rule for Investment Funds
Published Date: 6/1/2026
Notice
Summary
The SEC is asking for comments to extend a rule that stops investment funds from using tricky names. If a fund’s name says it focuses on certain investments or offers special tax benefits, it must actually put at least 80% of its money there. This keeps fund names honest and helps investors know what they’re really getting, with no new costs or deadlines yet.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Fund names must match 80% rule
If a fund’s name says it focuses on a type of investment, industry, region, or that its distributions are tax-exempt, the fund must adopt a policy to invest at least 80% of its assets in those investments. The rule applies to registered investment companies and business development companies (BDCs).
Recordkeeping and compliance costs for funds
Funds that adopt an 80% policy must keep written records documenting compliance for no less than six years, with the first two years kept in an easily accessible place. The SEC estimates an average annual recordkeeping burden of 75 hours per fund and estimates about 10,855 funds would be subject to the 80% policy requirement.
60-day notice before name or policy change
Funds that adopt the 80% policy may make that policy fundamental or, for most funds, must give shareholders at least 60 days’ prior notice before changing the policy or changing the fund’s name that accompanies the policy change. This notice gives shareholders time to decide whether to redeem shares.
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!
2026-15061, ETF Opportunities Trust and Hedgeye Asset Management, LLC
2026-15057, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX Rule 2.160 and Rule 18.110 Regarding the General Securities Sales Supervisor Registration Category and the Corresponding Series 9/10 Qualification Examination; and Amend Rule 2.160 Regarding the Description of the Regulatory Element Continuing Education Requirements
Previous / Next Documents
Previous: 2026-10819, United States-Mexico-Canada Agreement (USMCA), Article 10.12: Binational Panel Review: Notice of Request for Panel Review
Maverick Tube Corporation asked for a special USMCA panel to review a Canadian trade decision about certain oil country tubular goods on May 4, 2026. This means companies involved in this trade have until early June to challenge the decision or join the review. The panel’s ruling will be final, so it’s a big deal for businesses on both sides of the border!
Next: 2026-10821, Notice of Public Meeting of the Wisconsin Advisory Committee to the U.S. Commission on Civil Rights
The Wisconsin Advisory Committee to the U.S. Commission on Civil Rights is holding a public Zoom meeting on June 5, 2026, to vote on an important study topic. Anyone interested can join, listen, and even share their thoughts during the open comment time. This meeting affects Wisconsin residents and civil rights advocates, with no cost to attend and a chance to influence future civil rights work.