Final Rule
Definition of Eligible Portfolio Company Under the Investment Company Act of 1940
Overview
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.
Prior Actions
Proposed Rule (IC-27539)
Release Number
IC-27539
IC-28266
SEC Issue Date
Oct. 25, 2006
Federal Register Publish Date
Oct. 31, 2006
Document Citation
71 FR 64093
RIN
3235-AJ31
Proposed Rule (IC-26647)
Release Number
IC-26647
IC-28266
SEC Issue Date
Nov. 1, 2004
Federal Register Publish Date
Nov. 8, 2004
Document Citation
69 FR 64815
RIN
3235-AJ31
Resources
Details
File Number
S7-37-04
Rule Type
Final
Release Number
IC-27538
SEC Issue Date
Oct. 25, 2006
Effective Date
November 30, 2006
Federal Register Publish Date
Oct. 31, 2006
Document Citation
71 FR 64085
RIN
3235-AJ31