Verdict: False
The SEC’s September 30 open-meeting agenda says commissioners will consider whether to propose amendments involving performance-based compensation, interval funds and multiple share classes. It also lists notices concerning credentials that could qualify a person as an accredited investor.
Those verbs matter. ‘Consider whether to propose’ is not a final rule, and a notice considering credentials does not itself grant them legal status.
What a proposal would trigger
If the Commission votes to issue a proposal, the text and economic analysis are published for comment. The agency may revise, abandon or later adopt provisions after reviewing the record.
A final rule normally has its own adopting release and effective or compliance dates. Until that later record exists, firms and investors should not treat the agenda as a changed legal standard.
How to verify the outcome
Check the meeting result and any linked proposing releases after the vote. Then read the request-for-comment questions, because headlines often omit the alternatives the Commission is expressly seeking input on.
The correct pre-meeting statement is that the SEC may begin rulemaking in these areas. It has not, merely by posting the agenda, completed it.