# Amendments to Procedures With Respect to Applications Under the Investment Company Act of 1940
> **US Securities and Exchange Commission** · Final rule. · Published 2020-09-15 · Effective 2021-06-14 · 85 FR 57089
## Document
- **Document number:** 2020-14884
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 85 FR 57089
- **CFR reference:** 17 CFR 200
- **Publication date:** 2020-09-15
- **Effective date:** 2021-06-14
- **Docket:** Release No. IC-33921
## Abstract

The Securities and Exchange Commission (the "Commission") is adopting amendments to its rules under the Investment Company Act of 1940 to establish an expedited review procedure for applications that are substantially identical to recent precedent as well as a rule to establish an internal timeframe for review of applications outside of such expedited procedure. In addition, the Commission is adopting an amendment to its rules under the Investment Company Act of 1940 to deem an application outside of expedited review withdrawn when the applicant does not respond in writing to comments within 120 days.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/09/15/2020-14884/amendments-to-procedures-with-respect-to-applications-under-the-investment-company-act-of-1940)
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