# Definition of Eligible Portfolio Company Under the Investment Company Act of 1940
> **US Securities and Exchange Commission** · Final rule. · Published 2008-05-20 · Effective 2008-07-21 · 73 FR 29044
## Document
- **Document number:** E8-11254
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 73 FR 29044
- **CFR reference:** 17 CFR 270
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2008/05/20/E8-11254/definition-of-eligible-portfolio-company-under-the-investment-company-act-of-1940)
---
*AI Analytics · CC0 1.0*