Unified Agenda
Securities and Exchange Commission: 2026 Regulatory Agenda
Every rulemaking the SEC has on its regulatory agenda in the 2026 Unified Agenda. Proposed rules, final rules, and long-term actions, each with the agency's own summary and its latest status.
Source: the 2026 Regulatory Plan and Unified Agenda, published by OIRA on July 3, 2026 (reginfo.gov). The SEC lists 42 active actions plus 5 completed this cycle. Refreshed as the agenda changes.
Regulatory Plan marks the agency’s most significant planned actions, singled out by OIRA in the Regulatory Plan that accompanies this edition.
What changed since the Spring 2025 agenda
Between editions, the SEC added 22 new rules, changed the stage on 3, and dropped 29 from the agenda. The official agenda only shows you today’s snapshot. We keep the history, so you can see what actually moved.
- New this edition. Acceleration of Effectiveness of Registration Statements of Issuers with Certain Mandatory Arbitration Provisions (entered the Completed stage)
- Moved. Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers (Final Rule to Long-Term)
- Moved. Financial Data Transparency Act Joint Data Standards (Final Rule to Completed)
and 51 more changes this edition, including 29 rules that dropped off the agenda entirely.
Track the SEC agenda freeSignificant, priority, and finalized rules are shown in full below. Routine actions are condensed to a line, with full summaries for every rule on the dashboard.
Rules open for, or headed toward, public comment.
Crypto Assets
The Division is considering recommending that the Commission propose rules relating to the offer and sale of crypto assets, potentially to include certain exemptions and safe harbors, to help clarify the regulatory framework for crypto assets and provide greater certainty to the market.
Agenda status: NPRM (planned)
Transfer Agents
The Division is considering recommending that the Commission propose updates and refinements to modernize the Commission's existing regulatory regime for transfer agents, including rules relating to crypto assets and the use of distributed ledger technology by transfer agents.
Status: Proposed rule published on February 23, 2016
Affiliated Securities Lending Agent Arrangements
The Division is considering recommending that the Commission propose a new exemptive rule under the Investment Company Act of 1940 to allow registered investment companies to lend securities using an affiliated lending agent that is compensated based on a share of the revenue derived by the securities lending transactions, subject to certain conditions.
Agenda status: NPRM (planned)
Amendments to Broker-Dealer Financial Responsibility and Recordkeeping and Reporting Rules Regarding Crypto Assets
The Division is considering recommending that the Commission amend Rules 15c3-1 and 15c3-3 and other broker-dealer financial responsibility rules, as well as Rules 17a-3 and 17a-4, to address the application of these rules to crypto assets.
Agenda status: NPRM (planned)
Amendments to Certain Proxy Rules
The Division is considering recommending that the Commission propose amendments to modernize certain rules regarding the proxy solicitation process, including certain filing and procedural requirements relating to proxy solicitations and shareholder meetings, to reduce costs and compliance burdens.
Agenda status: NPRM (planned)
Amendments to Form N-PORT
The Commission proposed amendments to Form N-PORT, the form on which many registered investment companies report certain portfolio-related information, to address identified disclosure burdens.
Status: Proposed rule published on February 23, 2026
Amendments to Investment Adviser Recordkeeping Rule
The Division is considering recommending that the Commission propose amendments to rule 204-2 under the Investment Advisers Act of 1940, which requires investment advisers to make and keep certain records, to address the appropriate scope of and identified compliance burdens related to electronic communications and to account for certain technological developments since the rule was adopted.
Agenda status: NPRM (planned)
Amendments to Rule 10c-1a
The Division is considering recommending that the Commission propose amendments that would reduce costs and burdens associated with requirements under Exchange Act Rule 10c-1a, adopted pursuant to Section 984 of the Dodd-Frank Act, of persons to report loans of securities to a registered national securities association (RNSA) and for the RNSA to make certain of that information public.
Agenda status: NPRM (planned)
Amendments to Rule 13f-2, Related Form SHO, and Regulation SHO
The Division is considering recommending that the Commission propose amendments that would reduce costs and burdens associated with the requirements of Institutional Investment Managers to report short positions to the Commission under Rule 13f-2, adopted pursuant to Section 929X of the Dodd-Frank-Act. The Division is also considering recommending amendments to update the regulatory framework of Regulation SHO in light of changes in the marketplace since the short sale rules were adopted and ease associated compliance burdens.
Agenda status: NPRM (planned)
Amendments to Rule 17a-7 Under the Investment Company Act
The Division is considering recommending that the Commission propose amendments to rule 17a-7 under the Investment Company Act of 1940 to modernize the conditions for and expand the availability of the exemption of certain purchase or sale transactions between an investment company and certain affiliated persons.
Agenda status: NPRM (planned)
Amendments to Rule 17Ab2-1 and Form CA-1
The Division is considering recommending that the Commission propose updates to modernize and streamline the Commission's existing process to register clearing agencies and obtain exemptions from registration as a clearing agency, reducing burdens on potential applicants.
Agenda status: NPRM (planned)
Amendments to Rule 17Ad-22(e)(18) and 15c3-3
The Division is considering recommending that the Commission amend the Treasury Clearing Rule to: (i) exclude certain inter-affiliate activity and non-U.S. activity from the Treasury Clearing Rule's requirements, reducing implementation burdens; (2) make technical amendments and clarifications; and (3) codify selected staff guidance.
Agenda status: NPRM (planned)
Amendments to the Custody Rules
The Division is considering recommending that the Commission propose amendments to existing rules and/or propose new rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to improve and modernize the regulations around the custody of advisory client and fund assets, including to address in each case crypto assets.
Agenda status: NPRM (planned)
Amendments to the Trade-Through Rule
The Division is considering recommending that the Commission propose amendments to Rule 611.
Status: Proposed rule published on June 17, 2026
Crypto Market Structure Amendments
The Division is considering recommending that the Commission amend Exchange Act Rules to account for the trading of crypto assets on ATSs and national securities exchanges.
Agenda status: NPRM (planned)
Definition of Dealer
The Division is considering recommending that the Commission propose amendments regarding the scope of, and exceptions from, the term "dealer."
Agenda status: NPRM (planned)
Electronic Delivery of Information Under the Federal Securities Laws
The Division, along with other Divisions and Offices, is considering recommending that the Commission propose rules that would address the use of electronic delivery for information required to be delivered under the Federal securities laws and rules thereunder, in order to modernize the Commission's approach to the use of electronic media and reduce costs associated with paper delivery.
Agenda status: NPRM (planned)
Enhanced Oversight for U.S. Government Securities Traded on Alternative Trading Systems
The Division is considering recommending that the Commission propose targeted amendments designed to enhance transparency and regulatory oversight with respect to U.S. government securities, as well as repurchase and reverse repurchase agreements on U.S. government securities, traded on alternative trading systems (ATSs) in order to further support investor protection and the operation of fair and orderly markets.
Agenda status: NPRM (planned)
Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The Division is considering recommending that the Commission propose rule amendments to expand accommodations that are available for Emerging Growth Companies (defined generally to include new issuers with total annual gross revenues of less than $1.235 billion) and to rationalize filer statuses to simplify the categorization of registrants and reduce their compliance burdens.
Status: Proposed rule published on May 21, 2026
Enhancing Retail Exposure to Private Markets
The Division is considering recommending that the Commission propose amendments to existing rules and/or propose new rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 to better facilitate retail investor exposure to private markets through registered investment companies and to allow investment advisers to charge performance fees to an expanded set of clients.
Agenda status: NPRM (planned)
Executive Compensation Disclosure Reform
The Division is considering recommending that the Commission propose rule amendments to Item 402 of Regulation S-K to rationalize executive compensation disclosure requirements.
Agenda status: NPRM (planned)
Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers
The Division is considering recommending that the Commission propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, to address identified compliance burdens.
Status: Proposed rule published on April 24, 2026
Pay-to-Play Reform
The Division is considering recommending that the Commission propose amendments to rule 206(4)-5 under the Investment Advisers Act of 1940, which prohibits investment adviser pay-to-play practices, to address identified compliance burdens.
Agenda status: NPRM (planned)
Rationalization of Disclosure Practices
The Division is considering recommending that the Commission propose rule amendments to rationalize disclosure practices to facilitate material disclosure by companies and shareholders' access to that information.
Agenda status: NPRM (planned)
Registered Offerings Reform
The Division is considering recommending that the Commission propose rule amendments to modernize the shelf registration process to reduce compliance burdens and further facilitate capital formation.
Status: Proposed rule published on May 26, 2026
Rescission of Climate-Related Disclosure Rules
The Division is considering recommending that the Commission engage in rulemaking to address concerns about the climate-related disclosure rules adopted on March 6, 2024.
Status: Proposed rule published on June 3, 2026
Rule 144 Safe Harbor
The Division is considering recommending that the Commission repropose amendments to Rule 144, a non-exclusive safe harbor that permits the public resale of restricted or control securities if the conditions of the rule are met, to increase instances in which the safe harbor would be available.
Status: Proposed rule published on January 19, 2021
Rule 17a-4 "Business as Such" Clarification
Staff is considering recommending that the Commission propose amendments to Rule 17a-4 (Records to be preserved by certain exchange members, brokers and dealers) to clarify the scope of the phrase "business as such" that is used within Rule 17a-4.
Agenda status: NPRM (planned)
Semiannual Reporting
The Division is considering recommending that the Commission propose rule amendments to allow Exchange Act reporting companies to report on a semiannual basis.
Status: Proposed rule published on May 7, 2026
Shareholder Proposal Modernization
The Division is considering recommending that the Commission propose rule amendments to modernize the requirements of Exchange Act Rule 14a-8 to reduce compliance burdens for registrants and account for developments since the rule was last amended.
Agenda status: NPRM (planned)
Updating the Exempt Offering Pathways
The Division is considering recommending that the Commission propose rule amendments to facilitate capital formation and simplify the pathways for raising capital for, and investor access to, private businesses, including potential amendments to the definition of accredited investor.
Agenda status: NPRM (planned)
Other actions in this stage
Early-stage actions: reviews and advance notices that come before a formal proposal.
Asset-Backed Securities Registration and Disclosure Enhancements
The Division is considering recommending that the Commission propose regulatory changes to facilitate registered offerings of asset-backed securities, including mortgage-backed securities, and other improvements to the securitization markets.
Status: Proposed rule published on October 1, 2025
Evaluating the Consolidated Audit Trail
The Division is considering recommending that the Commission invite public comment to inform a comprehensive rethink of the Consolidated Audit Trail (CAT), including its design and functionality and the scope of collected information, to assess potential modifications to CAT to address ongoing cost and data security concerns while supporting clearly defined regulatory objectives.
Status: Proposed rule published on April 20, 2026
On the agenda, but not expected to move within the next 12 months.
Incentive-Based Compensation Arrangements
The Division is considering recommending that the Commission, together with the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Federal Housing Finance Agency and the National Credit Union Administration ("the Agencies"), repropose regulations and guidelines with respect to incentive-based compensation practices at certain financial institutions that have $1 billion or more in total assets as required by the Dodd Frank Act. Section 956 of the Dodd Frank Act requires that the Agencies prohibit incentive-based payment arrangements, or any feature of any such arrangement, at a covered financial institution that the Agencies determine encourages inappropriate risks by a financial institution by providing excessive compensation or that could lead to a material financial loss. Under the Act, a covered financial institution also must disclose to its appropriate Federal regulator the structure of its incentive-based compensation arrangements sufficient to determine whether the structure provides "excessive compensation, fees, or benefits" or "could lead to material financial loss" to the institution.
Status: Proposed rule published on June 10, 2016
Other actions in this stage
Actions the agency reports as completed this cycle. The official agenda rule list files these separately from the active pipeline.
Commission Interpretation on Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
The Commission issued a release to provide an interpretation regarding the application of the Federal securities laws to certain types of crypto assets and certain transactions involving crypto assets.
Status: Final rule published in the Federal Register on March 23, 2026
Acceleration of Effectiveness of Registration Statements of Issuers with Certain Mandatory Arbitration Provisions
The Commission issued this statement to inform the public that the presence of a provision requiring arbitration of investor claims arising under the Federal securities laws will not impact decisions regarding whether to accelerate the effectiveness of a registration statement. Accordingly, when making such decisions, the staff will focus on the adequacy of the registration statement's disclosures, including disclosure regarding the arbitration provision.
Status: Final rule published in the Federal Register on September 19, 2025
Financial Data Transparency Act Joint Data Standards
The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Consumer Financial Protection Bureau, Federal Housing Finance Agency, Commodity Futures Trading Commission, Securities and Exchange Commission, and Department of the Treasury invited public comment on a proposed rule to establish data standards to promote interoperability of financial regulatory data across these agencies. Final standards established pursuant to this rulemaking will later be adopted for certain collections of information in separate rulemakings by the agencies or through other actions taken by the agencies. The agencies proposed this rule as required by the Financial Data Transparency Act of 2022.
Status: Final rule published in the Federal Register on June 25, 2026
Holding Foreign Insiders Accountable Act Disclosure
The Commission adopted amendments to reflect the requirements of the Holding Foreign Insiders Accountable Act, which extends the requirements of Section 16(a) of the Securities Exchange Act of 1934 to directors and officers of foreign private issuers.
Status: Final rule published in the Federal Register on June 1, 2026
Rescission of Policy Regarding Denials in Settlements of Enforcement Actions
The Division is considering recommending that the Commission rescind section 202.5(e) of its Informal and Other Procedures regarding consent decrees in judicial or administrative proceedings. Paragraph (e) describes a Commission policy to avoid creating, or permitting to be created, an impression that a decree is being entered or a sanction imposed, when the conduct alleged did not, in fact, occur and to not permit a defendant or respondent to consent to a such a judgment or order while denying the allegations in the complaint or order for proceedings.
Status: Final rule published in the Federal Register on May 21, 2026
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Create a free accountCompiled from the 2026 Regulatory Plan and Unified Agenda (reginfo.gov), cross-referenced against Federal Register publications. Regulation Roundup tracks all 47 SEC actions and refreshes as the agenda changes.