# Interval Fund Modernization; Expansion of Multiple Share Class to Registered Closed-End Management Investment Companies and Business Development Companies

**Action Urgency Score:** 55/100

| Field | Value |
|---|---|
| Agency | Securities and Exchange Commission |
| Type | Proposed rule |
| Action | Proposed rule. |
| Published | 2026-10-05 |
| Comments close | 2026-12-04 |
| Significant | No |
| CFR parts | 17 CFR 239, 17 CFR 249, 17 CFR 270, 17 CFR 274 |
| Summary | The Securities and Exchange Commission (the "Commission") is proposing to amend the rule under the Investment Company Act of 1940 that allows registered closed-end management investment companies and business development companies (collectively, "regulated closed-end funds") to make repurchase offers to shareholders at net asset value ("NAV") at periodic intervals pursuant to a fundamental policy ("interval funds"). The proposed amendments would increase flexibility in the rule's repurchase offer framework and modify the rule's liquidity management requirements. The proposal is designed to mod |
| Document number | 2026-20360 |

## Why this score
- Comment deadline within 30 days.

Source: Federal Register API (Office of the Federal Register) (https://www.federalregister.gov/documents/2026/10/05/2026-20360/interval-fund-modernization-expansion-of-multiple-share-class-to-registered-closed-end-management). Last refreshed: 2026-11-04T09:17:43.641Z.
Data from the Federal Register API; the published Federal Register document is authoritative. Informational only, not legal advice.