# Investment Adviser Performance-Based Compensation Modernization

**Action Urgency Score:** 35/100

| Field | Value |
|---|---|
| Agency | Securities and Exchange Commission |
| Type | Proposed rule |
| Action | Proposed rule. |
| Published | 2026-10-06 |
| Effective | 2026-10-06 |
| Comments close | 2026-12-07 |
| Significant | No |
| CFR parts | 17 CFR 239, 17 CFR 249, 17 CFR 274, 17 CFR 275 |
| Summary | The Securities and Exchange Commission (the "Commission") is proposing to amend the rule under the Investment Advisers Act of 1940 that provides an exemption from the statutory prohibition on registered investment advisers receiving compensation on the basis of a share of capital gains in or capital appreciation of an advisory client's account. Specifically, the proposed amendments would expand the ability of investment advisers to receive this compensation from clients that are registered management investment companies and business development companies (collectively, "regulated funds"), sub |
| Document number | 2026-20474 |

## Why this score
- Upcoming deadline.

Source: Federal Register API (Office of the Federal Register) (https://www.federalregister.gov/documents/2026/10/06/2026-20474/investment-adviser-performance-based-compensation-modernization). 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.