Open Meeting Agenda

Wednesday, April 8, 2020

Item 1: Securities Offering Reform for Closed-End Investment Companies
Office: Division of Investment Management
Staff: Dalia Blass, Sarah ten Siethoff, Brian M. Johnson, Jacob D. Krawitz, Amanda Hollander Wagner, David J. Marcinkus, Asaf Barouk, Joel Cavanaugh, Terri G. Jordan, Amy Miller, and Angela Mokodean

The Commission will consider whether to adopt rule and form amendments that would improve access to capital and facilitate investor communications by business development companies, which primarily invest in small and developing companies, and registered closed-end investment companies. The Commission will consider these amendments, in part, to implement certain provisions of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. Specifically, the Commission will consider whether to modify the registration, communications, and offering processes for business development companies and other closed-end investment companies under the Securities Act of 1933, as well as related rule and form amendments under the Investment Company Act of 1940 to tailor the disclosure and regulatory framework to these investment companies. The Commission also will consider whether to adopt rule and form amendments to modernize securities registration fee payments for certain registrants.

For further information, please contact Brian M. Johnson and Jacob D. Krawitz, Division of Investment Management, at (202) 551-6792.