28 May 2025
📈Analysis of SEC's Proposed Rule 7d-2 Impact on Canadian Funds
Proposed Collection; Comment Request; Extension: Rule 7d-2
Summary
The Securities and Exchange Commission is soliciting comments on a proposed collection related to Rule 7d-2, allowing Canadian funds to offer securities to U.S. participants in tax-deferred retirement accounts. This aims to ease investment management for Canadians living in the U.S., detailing necessary disclosures and estimating paperwork burdens on fund issuers.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule 7d-2 facilitates Canadian funds' ability to offer securities to U.S. investors holding Canadian retirement accounts without registration, impacting the financial services industry by potentially increasing investment options for these participants and reducing compliance burdens.