The Securities and Exchange Commission sought comment on its current requirements that restrict the use of potentially misleading names for registered funds (click here to access SEC Rule 35d-1). Currently if a fund’s name intimates a certain type of investment (e.g., stock fund), the fund must invest at least 80 percent of its assets in the type of investment, industry, country or geographic region referenced in the name. The SEC expressed concern that because the current “Names Rule” is mostly asset focused, it may not adequately be addressing funds’ leverage qualities, indices relied on by funds but that are themselves not regulated, or investment mandates that are qualitative but not necessarily quantitative (e.g., reference to ESG investment mandates). Comments will be accepted for 60 days after publication of the Request for Comment in the Federal Register