Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate
SEC · final-rule · Published 2002-05-08 · 67 FR 31076
Document
Document number
02-11227
Federal Register citation
67 FR 31076
CFR reference
17 CFR 270
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2002-05-08
Docket
Release No. IC-25560
Abstract
The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that permits a registered investment company ("fund") that has certain affiliations with an underwriting participant to purchase securities during an offering. The amendments expand the exemption provided by the rule to permit a fund to purchase U.S. government securities in a syndicated offering. These amendments are intended to respond to recent changes in the method of offering certain U.S. government securities.