CFTC chairman says stock perpetual futures can start trading on eligible exchanges
Eligible venues must have both CFTC designation and SEC registration permitting security futures trading.
SEC raises thresholds for funds and advisers to qualify as small entities
The revised definitions also change how related funds’ assets are counted and provide for inflation adjustments every 10 years.
The Securities and Exchange Commission on November 4, 2026, approved higher asset thresholds for determining which investment advisers, registered investment companies and business development companies count as small entities under the Regulatory Flexibility Act.
The designation is used when the SEC evaluates the effects of its regulations on smaller firms. The agency said the changes are intended to make those assessments cover a more meaningful group of small businesses following decades of expansion in asset management.
Alongside raising the asset-based cutoffs, the amendments change the method for combining assets across related funds. They also remove the separate total-assets test for investment advisers and require the SEC to adjust the asset-based thresholds for inflation by order every 10 years.
SEC Chairman Paul S. Atkins said nearly 30 years had passed since the definitions for investment companies and advisers were last revised. He said the changes would help the agency identify firms that are small in the current market.
The law calls for consideration of regulatory alternatives aimed at limiting significant economic effects on small entities. The SEC said its revisions are intended to support that goal.