Global Trustee and Fiduciary Services Bite-Sized Issue 4 2025

12 QUICK LINKS BENCHMARKSREGULATION CMU/SIU DORA FINTECH IOSCO MIFID II/MIFIR SUSTAINABLE FINANCE/ESG ASIA PACIFIC EUROPE NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 4 | 2025 SEC Extends Compliance Dates for Amendments to Investment Company Names Rule On 14 March 2025, the SEC announced a six-month extension of the compliance dates for amendments adopted in September 2023 to the Investment Company Act “Names Rule,” which addresses fund names likely to mislead investors about a fund’s investments and risks. The compliance date for larger fund groups is extended from 11 December 2025 to 11 June 2026, and the compliance date for smaller fund groups is extended from 11 June 2026 to 11 December 2026. The SEC says that extension is designed to balance the investor benefit of the amended Names Rule framework with funds’ needs for additional time to implement the amendments properly, develop and finalize their compliance systems, and test their compliance plans. To help funds avoid additional costs when coming into operational compliance with the Names Rule amendments, the SEC says it has aligned the compliance dates with the timing of certain annual disclosure and reporting obligations that are tied to the end of a fund’s fiscal year. Link to SEC Press Release here Comprehensive “EDGAR Next” Guidance Available for EDGAR Filers On 6 March 2025, the SEC provided extensive guidance and resources to assist filers with upcoming access and account management enhancements to the security of the agency’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. The SEC says that on 24 March 2025, a new EDGAR Filer Management dashboard opened where filers may enroll in EDGAR Next and where individuals or entities requiring access to file on EDGAR may submit the Form ID access application. The SEC adopted rule and form amendments referred to as EDGAR Next in September 2024 to improve the ability of filers to securely manage and maintain access to their EDGAR accounts while simplifying the procedures for them to access EDGAR. Enrollment in EDGAR Next will remain open until 19 December 2025. However, the SEC says filers should enroll no later than 12 September 2025, to avoid interruption in the ability to file. The SEC states that more information about enrollment is available on the EDGAR Next webpage. The SEC also says that filers can view instructional videos on the SEC YouTube channel, including: • An overview of the new EDGAR Filer Management dashboard. • Step-by-step instructions to obtain individual account credentials needed to access the dashboard. • User-friendly guidance to apply for EDGAR access on Form ID as amended. • An overview of the new EDGAR Next account administrator role. • Recorded webinars that introduce EDGAR Next and guide filers through the enrollment process, including a webinar specifically for individual filers. The SEC says that additionally, filers can find written materials such as “How Do I” guides that explain how to Obtain Login.gov Individual Account Credentials and Enroll in EDGAR Next. Lastly, the SEC says that on the EDGAR Next webpage, filers can find additional information including answers to a set of Frequently Asked Questions. Link to SEC Press Release here