Final Rule
Definition of Eligible Portfolio Company Under the Investment Company Act of 1940
Overview
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.
Prior Actions
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
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
Resources
Details
File Number
S7-37-04
Rule Type
Final
Release Number
IC-28266
IC-26647
IC-27539
SEC Issue Date
May 15, 2008
Effective Date
July 21, 2008
Federal Register Publish Date
May 20, 2008
Document Citation
73 FR 29044
RIN
3235-AJ31