Investment Company Governance Technical Amendments
Abstract
The Securities and Exchange Commission (the "Commission") is adopting technical amendments to a rule under the Investment Company Act of 1940 (the "Investment Company Act") related to registered investment company and business development company (collectively "regulated funds") governance standards to reflect a Federal court's vacatur of certain amendments to those standards that the Commission adopted on July 27, 2004. The court's vacatur of the amendments was effective as of July 6, 2006, and had the legal effect of reverting the fund governance standards to those standards in effect before adoption of the vacated requirements. These technical amendments revise the Code of Federal Regulations (the "CFR") to reflect the court's vacatur.
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2026-16066 Federal Register document?
Document 2026-16066 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on August 6, 2026, with an effective date of August 6, 2026. The Securities and Exchange Commission (the "Commission") is adopting technical amendments to a rule under the Investment Company Act of 1940 (the "Investment Company Act") related to registered investment company and business development company (collectively "regulated funds") governance standards to reflect a Federal court's vacatur of certain amendments to those standards that the Commission adopted on July 27, 2004. The court's vacatur of the amendments was effective as of July 6, 2006, and had the legal effect of reverting the fund governance standards to those standards in effect before adoption of the vacated requirements. These technical amendments revise the Code of Federal Regulations (the "CFR") to reflect the court's vacatur. View the original at https://www.federalregister.gov/documents/2026/08/06/2026-16066/investment-company-governance-technical-amendments.
Is document 2026-16066 an economically significant rule?
No. Document 2026-16066 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.