22 Sep 2025
📈SEC Proposes Collection of Information Under Rule 23c-2
Agency Information Collection Activities; Proposed Collection; Comment Request; Reinstatement Without Change: Rule 23c-2
Summary
The SEC is soliciting comments on the reinstatement of information collection under Rule 23c-2, which governs the redemption and calling of securities by closed-end funds. The rule mandates specific reporting requirements aimed at ensuring fairness among shareholders and compliance with regulatory standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulation outlines compliance requirements for closed-end funds calling or redeeming securities under Rule 23c-2, indicating that businesses must prepare for and adhere to these reporting obligations, which involve time and associated costs. The proposed information collection also emphasizes the necessity of regulatory compliance in their operations.