SEC Proposes Form N-PORT Reporting Changes (Again)
What do stakeholders need to know about Form N-PORT proposed amendments to provide feedback by April 24?
In under a minute
- On Feb. 18, 2026, the Securities and Exchange Commission (SEC) proposed amendments to Form N-PORT designed to reduce reporting burdens without significantly affecting relevant data available to the public or the SEC. Comments are due April 24, 2026.
- Concurrently, the SEC extended Form N-PORT names rule compliance dates.
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What changes in Form N-PORT reporting?
Form N-PORT requires registered management investment companies (other than money market funds and small business investment companies) and certain exchange-traded funds (ETFs) organized as unit investment trusts to report monthly portfolio holdings and related information.
In 2024, the SEC adopted amendments requiring more frequent N-PORT reporting. Following a 2025 presidential memorandum and feedback from market participants, the SEC extended the effective and compliance dates to allow further SEC consideration. Among other changes to Form N-PORT, the 2026 proposed amendments:
- Set the monthly Form N-PORT filing deadline at 45 days after month-end (versus 30 days in the 2024 amendments)
- Require public disclosure of Form N-PORT 60 days after quarter-end (versus 60 days after every month-end in the 2024 amendments)
- Streamline reporting requirements by modifying or eliminating certain data elements, including removing names rule reporting, and adding certain ETF share class disclosures (for example, funds flow).
The proposal includes tiered transition periods based on the size of the fund.
What are new names rule compliance dates for Form N-PORT?
In a companion release, the SEC extended names rule compliance dates for Form N-PORT to avoid funds incurring implementation costs for reporting obligations that the commission is now proposing to eliminate.
The new compliance dates are:
- Nov. 17, 2027, for fund groups with net assets of $10 billion or more
- May 18, 2028, for fund groups with less than $10 billion in net assets, each measured as of the end of the fund group’s most recent fiscal year
Crowe observation: The proposed amendments and names rule extension continue a regulatory trend of reassessing recently adopted rules to balance fund regulatory oversight with operational burden.
Next steps
Funds, advisers, administrators, compliance personnel, and other stakeholders involved in regulatory reporting should evaluate the proposal and consider commenting before April 24, 2026.
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Comments on SEC proposed Form N-PORT amendments are due April 24, 2026. In addition, names rule compliance dates are extended.
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