29 May 2025
📜SEC Seeks Comments on Proposed Collection for Rule 7d-1 Compliance
Proposed Collection; Comment Request; Extension: Rule 7d-1
Summary
The Securities and Exchange Commission (SEC) is soliciting comments on the information collection requirements under Rule 7d-1, which governs the registration of foreign investment funds. The rule includes provisions for documentation, agreements, and compliance measures necessary for registration under U.S. securities laws, especially targeting Canadian funds.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The text outlines compliance requirements for foreign investment funds under Rule 7d-1, affecting capital and operational costs for businesses wishing to register offerings in the U.S. It highlights burdens including initial documentation, service agreements, and costs associated with maintaining records in the U.S., posing a significant regulatory hurdle for foreign funds.