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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.
69 FR 64815
71 FR 64093
Last Reviewed or Updated: April 7, 2023
July 21, 2008
73 FR 29044
