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Definition of Eligible Portfolio Company Under the Investment Company Act of 1940

SEC · final-rule · Published 2006-10-31 · Effective 2006-11-30 · 71 FR 64086

Document

Document number
E6-18255
Federal Register citation
71 FR 64086
CFR reference
17 CFR 270
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2006-10-31
Effective date
2006-11-30
Docket
Release No. IC-27538

Abstract

The Commission is adopting two new rules under the Investment Company Act of 1940 ("Investment Company Act" or "Act"). The new rules more closely align the definition of eligible portfolio company, and the investment activities of business development companies ("BDCs"), with the purpose that Congress intended. The rules expand the definition of eligible portfolio company in a manner that promotes the flow of capital to certain small, developing and financially troubled companies.

Source

Authoritative
Federal Register document
Machine
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