(Article from Registered Funds Regulatory Update, April 2026)
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On February 18, 2026, the SEC Staff proposed amendments to certain reporting requirements on Form N-PORT, which is used by registered investment companies (other than money market funds and small-business investment companies) to report portfolio holdings and related information. SEC Chair Paul Atkins stated that the proposed amendments are intended to “[provide] registrants additional time to file the form, [refine] reporting items, and [reduce] the frequency of public reporting of fund portfolio holdings – all the while retaining insight into funds’ portfolio-related issues.”
The proposed amendments to Form N-PORT would (i) provide funds with an additional 15 days to file monthly portfolio-related information; (ii) reduce the publication of reports from monthly to quarterly; and (iii) streamline or remove certain reported information, such as eliminating certain information collected to comply with certain “Names Rule” reporting requirements; and (iv) require certain additional information for funds with share classes operating as exchange-traded funds, including net assets, shareholder flows and certain identifying information (e.g., ticker symbols). Comments on the proposed amendments are due April 24, 2026.
The SEC also extended the compliance dates for the new Form N-PORT reporting requirements for Names Rule compliance to provide additional time for funds and the SEC to consider the proposed amendments and avoid certain costs associated with regulatory requirements that the SEC is or may propose to eliminate. The new compliance dates for Form N-PORT Names Rule-related reporting requirements are November 17, 2027 for larger fund groups with net assets of $10 billion or more, and May 18, 2028 for smaller fund groups with less than $10 billion in net assets, in each case as of the end of their most recent fiscal year.
Form N-PORT Reporting, SEC Release No. IC-35962; File No. S7-2026-05
(Feb. 18, 2026), available at: https://www.sec.gov/files/rules/proposed/2026/ic-35962.pdf.