The SEC has proposed amendments to the rules that define which registered investment companies, investment advisers and business development companies qualify as small entities for purposes of the Regulatory Flexibility Act (RFA).
The RFA requires federal agencies to conduct certain analyses, with the goal of minimizing the significant economic impact of federal rulemaking on small entities.
The proposal, according to a news release, is designed to help the SEC tailor its analyses to the specific regulatory challenges that small investment companies and advisers face. In turn, this would inform the SEC of the regulatory impacts that small entities encounter.
The public comment period will remain open until 60 days after the date of publication of the proposing release in the Federal Register. Read more.