Center for American Progress

CAP’s Comment on the SEC Investment Company Names Proposed Rule
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CAP’s Comment on the SEC Investment Company Names Proposed Rule

The Center for American Progress submitted a comment letter to the Securities and Exchange Commission on the commission’s proposed rule on investment company names.

On August 16, 2022, the Center for American Progress submitted comments to the U.S. Securities and Exchange Commission (SEC) regarding the SEC’s proposed rule on investment company names, which describes updates the commission is considering to an existing SEC rule on the naming of investment funds. The original rule and the proposed update are aimed at ensuring that the names of investment funds are aligned with investor expectations and assumptions. CAP’s letter emphasizes the need for the proposed amendments, given the expansion and increased complexity of the capital markets since the Fund Names Rule was established in 2001 as well as the rapidly growing importance to investors of climate risk and other environmental, social, and governance (ESG) factors in their investment choices.

Click here to read CAP’s comment letter.

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Author

Alexandra Thornton

Senior Director, Tax Policy

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