# Investment Company Cross Trading

**Action Urgency Score:** 60/100

| Field | Value |
|---|---|
| Agency | Securities and Exchange Commission |
| Type | Proposed rule |
| Action | Proposed rule. |
| Published | 2026-10-15 |
| Effective | 2026-10-15 |
| Comments close | 2026-12-14 |
| Significant | Yes (EO 12866) |
| CFR parts | 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 (the "Investment Company Act") that permits securities transactions between a registered investment company and certain affiliates (referred to as "cross trades"), subject to conditions. The proposed amendments are designed to expand the scope of securities that are eligible for cross trading, modernize the rule's conditions, and enhance investor protection. The Commission also proposes to require aggregated reporting of trading activity and cross trades in Form N-  |
| Document number | 2026-21037 |

## Why this score
- Upcoming deadline.
- Significant rule under EO 12866.

Source: Federal Register API (Office of the Federal Register) (https://www.federalregister.gov/documents/2026/10/15/2026-21037/investment-company-cross-trading). Last refreshed: 2026-11-04T21:40:49.974Z.
Data from the Federal Register API; the published Federal Register document is authoritative. Informational only, not legal advice.