7 Mar 2025
📊SEC Proposed Collection for Rule 17j-1
Proposed Collection; Comment Request; Extension: Rule 17j-1
Summary
The SEC is seeking comments on the proposed extension of Rule 17j-1, which governs conflicts of interest for investment company personnel. This rule requires investment organizations to implement ethical codes, report personal securities transactions, and maintain records to enhance regulatory compliance and oversight among Access Persons.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines compliance requirements under Rule 17j-1 pertaining to investment companies and their personnel. It mandates organizations to adopt codes of ethics, report on personal securities transactions, and enhance oversight, which directly impacts business operations, administrative costs, and ethical governance.