15 May 2025
📊SEC Rule 17j-1
Submission for OMB Review; Comment Request; Extension: Rule 17j-1
Summary
The Securities and Exchange Commission has submitted a request for extending Rule 17j-1, addressing conflicts of interest among investment company personnel. The rule mandates specific procedures, including the adoption of codes of ethics, reporting obligations, and oversight measures aimed at protecting fund investors from potential abuses.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text outlines compliance requirements under Rule 17j-1 for investment companies and affiliated personnel, emphasizing the need for internal codes of ethics and reporting to mitigate conflicts of interest. This creates operational burdens and costs for affected businesses, impacting financial oversight and investment policies.