15 Jul 2025
📄OMB Review Notice for SEC Rule 12d3-1 Extension
Submission for OMB Review; Comment Request; Extension: Rule 12d3-1
Summary
The Securities and Exchange Commission has submitted a request for the extension of Rule 12d3-1, permitting certain exemptions for portfolio investments by funds. The rule allows funds to invest in securities issued by subadvisers under specific conditions, requiring modifications to advisory contracts. The notice includes a call for public comments on the information collection related to this rule.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses Rule 12d3-1, which enables investment funds to invest in certain securities and outlines the requirements for subadvisory agreements. This affects fund managers and compliance departments requiring legal adaptations to contracts, indicating regulatory burdens and potential costs.