# 2026-15934: SEC Cracks Down on Sneaky Investment Fund Name Tricks

2026-15934, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 35d-1 Under the Investment Company Act of 1940, is a Federal Register notice from Securities and Exchange Commission published 2026-08-06; PRIA reads it as touching household money (as of 2026-08-13).

- Canonical: https://policyrisk.com/federal-register/2026-15934
- As of: 2026-08-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-15934
- Title: Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 35d-1 Under the Investment Company Act of 1940
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 50911
- Published: 2026-08-06
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-08-13

## In one line

SEC Cracks Down on Sneaky Investment Fund Name Tricks

## Summary

The SEC is asking to keep a rule that makes sure investment funds don’t use tricky names that mislead people about what they invest in. If a fund’s name says it focuses on a certain type of investment or offers special tax benefits, it must actually put at least 80% of its money there. This helps protect investors and keeps fund names honest without adding new costs or deadlines.

## Effects PRIA read

- 80% rule for fund names: benefit, medium. If a fund's name suggests it focuses on a particular investment type, industry, country/region, issuer characteristic, or that its distributions are tax-exempt, the fund must adopt a policy to invest at least 80% of the value of its assets in the investments suggested by the name. This 80% requirem…
- 60‑day notice or fundamental choice: benefit, medium. If a fund adopts the 80% investment policy, it must either make that policy fundamental or (for most funds other than tax-exempt funds, registered closed-end funds, and BDCs) give shareholders at least 60 days' advance notice before changing the investment policy or changing the fund name that acco…
- Six‑year recordkeeping duty for funds: cost, high. Funds that adopt an 80% investment policy must keep written records documenting compliance and any shareholder notices for at least six years, with the first two years kept in an easily accessible place. The Commission estimates about 10,855 funds would be subject to the 80% policy.
- Estimated time and external cost burdens: cost, medium. The SEC estimates recordkeeping at 75 hours per fund per year and that about 37 notices per year will be sent (20 hours per notice). The agency provides revised monetized estimates, including a revised total annual external cost burden of $8,169,000 and revised annual recordkeeping hours totaling 8…

## Related documents

- [2026-21037](https://policyrisk.com/federal-register/2026-21037): Investment Company Cross Trading, 2026-10-15
- [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

## Sources
- [2026-15934 on federalregister.gov](https://www.federalregister.gov/documents/2026/08/06/2026-15934/agency-information-collection-activities-submission-for-omb-review-comment-request-extension-rule)
- [2026-15934 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-08-06/pdf/2026-15934.pdf)

## Related
- [Previous: 2026-15933, Agency Information Collection Activities; Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2026-15933)
- [Next: 2026-15935, Notice Pursuant to the National Cooperative Research and Production Act of 1993…](https://policyrisk.com/federal-register/2026-15935)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-15934 (as of 2026-08-13).