# 2026-12489: SEC Wants to Keep Asking Funds About Prices

2026-12489, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 2a-5, 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/2026-12489
- As of: 2026-06-29
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12489
- Title: Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 2a-5
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 37169
- 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

SEC Wants to Keep Asking Funds About Prices

## Summary

The SEC is asking for comments to keep collecting info about how investment funds figure out the fair value of their investments when market prices aren’t clear. This affects funds and business development companies that must follow Rule 2a-5 to make sure their pricing is fair and well-checked. No big changes or costs are proposed, but the rule’s paperwork and oversight requirements will continue.

## Effects PRIA read

- Funds Must Keep Complying with Rule 2a-5: cost, high. If you run a registered investment fund or a business development company (BDC), you must continue to follow Rule 2a-5 to determine fair value for investments when market prices aren’t clear. Compliance is mandatory for any fund that needs to determine fair value and includes board oversight, the o…
- Estimated Annual Paperwork Costs and Hours: cost, high. The SEC estimates 10,047 respondents will each provide one annual response, with 34 hours per response (341,598 hours total) and a monetized time cost of $33,422 per response (aggregate $335,790,834 annually). The SEC also estimates an external cost burden of $3,632 per response, for an aggregate e…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2026-12489 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/22/2026-12489/agency-information-collection-activities-proposed-collection-comment-request-extension-rule-2a-5)
- [2026-12489 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-22/pdf/2026-12489.pdf)

## Related
- [Previous: 2026-12487, Agency Information Collection Activities; Submission to the Office of Managemen…](https://policyrisk.com/federal-register/2026-12487)
- [Next: 2026-12492, Commerce in Explosives; 2026 Annual List of Explosive Materials](https://policyrisk.com/federal-register/2026-12492)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12489 (as of 2026-06-29).