# 2026-12452: R&D Firms Keep Optional Investment-Company Safe Harbor

2026-12452, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 3a-8 Under the Investment Company Act of 1940, is a Federal Register notice from Securities and Exchange Commission published 2026-06-22; PRIA reads it as touching household money (as of 2026-06-29).

- Canonical: https://policyrisk.com/federal-register/2026-12452
- As of: 2026-06-29
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12452
- Title: Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 3a-8 Under the Investment Company Act of 1940
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 37154
- Published: 2026-06-22
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-29

## In one line

R&D Firms Keep Optional Investment-Company Safe Harbor

## Summary

The SEC is asking to keep a rule that helps certain research and development companies avoid being labeled as investment companies, as long as their boards keep proper records and follow investment rules. This rule is optional and doesn’t cost companies extra money or require filing reports. It mainly affects R&D companies and keeps things clear and fair without adding paperwork headaches.

## Effects PRIA read

- Safe Harbor for R&D Companies: benefit, low. If you run a research and development (R&D) company, Rule 3a-8 provides a safe harbor so your company can avoid being labeled an "investment company" if your board adopts a resolution stating the company is primarily engaged in non-investment business and records that resolution contemporaneously i…
- Voluntary, Low Paperwork Requirement: benefit, low. The information collection under Rule 3a-8 is voluntary and does not require any filings with the SEC. The Commission estimates approximately 721,792 R&D companies may rely on the rule, believes there is no annual recordkeeping burden, and has authorized an inventory estimate of one administrative…

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## Sources
- [2026-12452 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/22/2026-12452/agency-information-collection-activities-submission-for-omb-review-comment-request-extension-rule)
- [2026-12452 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-22/pdf/2026-12452.pdf)

## Related
- [Previous: 2026-12447, Agency Information Collection Activity: IBM SkillsBuild Training Program Intake…](https://policyrisk.com/federal-register/2026-12447)
- [Next: 2026-12453, Agency Information Collection Activities; Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2026-12453)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12452 (as of 2026-06-29).