SEC Extends Routine Fund Record-Keeping Requirements Again
Published Date: 7/21/2026
Notice
Summary
The SEC wants to keep the rules that say investment funds and related folks must save important business records for set times. This helps the SEC check if funds follow the law, even years later, without changing costs or deadlines. If you’re a fund, broker, or adviser, you’re the one who needs to keep these records safe and sound.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Mandatory long-term record retention
If you run a registered investment company (a fund) or are a related underwriter, broker-dealer, investment adviser, depositor, or a majority-owned subsidiary, you must preserve specific books and records. The rule requires some records be kept permanently (with the first two years kept in an easily accessible place) and other records be preserved for at least six years with the first two years kept in an easily accessible place.
High annual compliance cost estimates
The SEC estimates about 2,741 funds must comply and that each fund spends 221 hours per year preserving required books and records, with a monetized time cost of $49,283 per fund. The total annual burden across funds is estimated at 605,761 hours and about $135,084,703 in time costs, plus an aggregate external cost burden of approximately $111,290,082 (about $40,602 per fund).
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