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

SEC · final-rule · Published 2008-05-20 · Effective 2008-07-21 · 73 FR 29044

Document

Document number
E8-11254
Federal Register citation
73 FR 29044
CFR reference
17 CFR 270
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2008-05-20
Effective date
2008-07-21
Docket
Release No. IC-28266

Abstract

The Commission is adopting an amendment to a rule under the Investment Company Act of 1940 to 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 amendment expands the definition of eligible portfolio company to include certain companies that list their securities on a national securities exchange.

Source

Authoritative
Federal Register document
Machine
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