SEC seeks comments on extended Rule 17g-1 information collection
Registered open- and closed-end funds and business development companies must respond to the proposed extension by Oct. 19, 2026.
The Securities and Exchange Commission published a 60-Day Collection Notice in the Federal Register (Vol. 91, No. 158, Aug. 18, 2026; FR Doc No. 2026-16822) proposing an extension of the information-collection requirements for Rule 17g-1. The notice, identified by OMB Control No. 3235-0213, invites public comment through Oct. 19, 2026.
Rule 17g-1 obligates officers and employees of registered management investment companies who have access to securities or fund assets to be bonded by a reputable fidelity insurer. The bond amount must be approved annually by a majority of the fund's independent directors and cannot be less than the minimum coverage set by the fund's gross assets. Upon execution or amendment of a bond, the fund must file the bond, the directors' resolution, and a premium statement within 10 days, and must notify the Commission within five days of any claim or settlement. Joint insured bonds require additional filings and inter-party recovery agreements.
The SEC estimates that approximately 2,078 funds - registered open- and closed-end funds and business development companies - will be subject to the collection, generating an estimated 2,437 Form 17G filings each year. The agency projects a total annual burden of 4,874 hours, comprising 2,437 hours of compliance-attorney time valued at $1,886,238 and 2,437 hours of board-of-directors time valued at $29,697,282, for a combined internal cost of $31,583,520. No external cost burden is anticipated.
Comments on the necessity, accuracy, and potential burden-reduction measures for the proposed collection should be directed to Austin Gerig, Director/Chief Data Officer, SEC, c/o Tanya Ruttenberg, via the provided email address by the Oct. 19, 2026 deadline.