# Small Business Investment Companies
> **US Small Business Administration** · Final rule. · Published 2000-11-29 · Effective 2000-12-29 · 65 FR 71053
## Document
- **Document number:** 00-30415
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 65 FR 71053
- **CFR reference:** 13 CFR 107
- **Publication date:** 2000-11-29
- **Effective date:** 2000-12-29
## Abstract

This final rule modifies the management-ownership diversity requirement in SBA's Small Business Investment Company ("SBIC") Program to prohibit the ownership of more than 70% of a leveraged SBIC by any single investor or group of affiliated investors. An exception to the prohibition permits an investor that qualifies as a "traditional investment company", as determined by SBA, to own in excess of 70% of an SBIC. This final rule will help to ensure that each new leveraged SBIC has managers that exercise independence in managing the operations of the SBIC.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/11/29/00-30415/small-business-investment-companies)
---
*AI Analytics · CC0 1.0*