# 2026-10820: SEC Keeps 80-Percent Name Rule for Investment Funds

2026-10820, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 35d-1 Under the Investment Company Act of 1940, is a Federal Register notice from Securities and Exchange Commission published 2026-06-01; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-10820
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-10820
- Title: Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 35d-1 Under the Investment Company Act of 1940
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 32470
- Published: 2026-06-01
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Keeps 80-Percent Name Rule for Investment Funds

## 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.

## Effects PRIA read

- Fund names must match 80% rule: benefit, medium. 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).
- 60-day notice before name or policy change: benefit, low. 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 share…
- Recordkeeping and compliance costs for funds: cost, medium. 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…

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## Sources
- [2026-10820 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/01/2026-10820/agency-information-collection-activities-proposed-collection-comment-request-extension-rule-35d-1)
- [2026-10820 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-01/pdf/2026-10820.pdf)

## Related
- [Previous: 2026-10819, United States-Mexico-Canada Agreement (USMCA), Article 10.12: Binational Panel…](https://policyrisk.com/federal-register/2026-10819)
- [Next: 2026-10821, Notice of Public Meeting of the Wisconsin Advisory Committee to the U.S. Commis…](https://policyrisk.com/federal-register/2026-10821)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-10820 (as of 2026-06-08).