SEC Proposes Rules to Expand Private Market Access and Modernize Fund Disclosures
The latest in this situation
How it started
What happened
The Securities and Exchange Commission published proposals on September 30, 2026, designed to expand individual investor access to private markets. These proposals include relaxing restrictions on performance-based compensation in regulated funds and enhancing multiple share class flexibility for unlisted regulated closed-end funds. Separately, the Securities and Exchange Commission submitted its electronic delivery rule to the White House for final regulatory review.
From mondaq.com, ai-cio.com
Why it matters
The reforms advance what Paul Atkins calls the “responsible retailization” of private markets by expanding investment choices for individuals. The proposals aim to increase access to private markets while preserving core investor protections. The electronic delivery rule seeks to modernize how investment funds provide disclosures to investors.
From mondaq.com, ai-cio.com
Who's involved
- Paul AtkinsChair of the Securities and Exchange Commission, directing policy agenda
- Securities and Exchange CommissionGovernment agency publishing proposals and submitting rules to the White House
- White HouseReceiving the SEC's electronic delivery rule for final regulatory review
- House of RepresentativesLower house of South Korea, considering the INVEST Act
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Raymond James Financial may face operational changes from new SEC rulesNew SEC rules may force Raymond James Financial to overhaul disclosure operationsLikely
- Regulatory reforms could expand private market access and change industry operationsRegulatory reforms could expand private market access and change industry operationsLikely
- BlackRock may gain from expanded private market access rulesBlackRock could benefit from expanded private market access and fund flexibilityPossible
- Goldman Sachs may adapt to SEC's new private fund rulesGoldman Sachs may adapt to new private fund rules expanding investor accessPossible
- Senate must consider INVEST Act, facing uncertain futureThe Senate must consider the INVEST Act, facing uncertain futurePossible
How it developed
Newest first. Tap a step to see who reported it.Paul Atkins announced his push for retailization.1 source
- Olympus Partners warns against SEC's proposed changes as the SEC submits draft proposals to the White House OMB.Sub-event
- Industry group supports a rule change while Paul Atkins serves as Chairman of the SEC.Sub-event
- The article details the SEC's function in regulating domestic public companies in the US, noting that Paul S. Atkins served as Chairman during rulemaking.Sub-event
SEC Chair Paul Atkins drives reform as Congress debates legislation and SEC rules are reviewed by the White House.1 source
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The entities involved
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Paul Atkins
chief executive of Royal Society Te Apārangi, in New Zealand
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Securities and Exchange Commission
government agency of the Philippines
- White House