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SEC has published the proposed amendments to the small-entity definitions for registered investment companies, investment advisers, and business development companies under the Regulatory Flexibility Act.
Credible primary sources show that on 2026-01-07 the Securities and Exchange Commission announced a proposal to amend the definitions of 'small entity' for purposes of the Regulatory Flexibility Act, covering registered investment companies, investment advisers, and business development companies. The SEC press release and accompanying fact sheet explicitly describe amendments to the small-entity definitions under the relevant statutes. This aligns with the claim that the SEC issued a proposed rule addressing small-entity definitions for these entities under the Regulatory Flexibility Act.