Investment Company Act

Investment Company Act of 1940

Legislation in the United States regulating investment companies such as mutual funds. The act placed restrictions on the activities in which investment companies are allowed to engage. For example, it forbade short selling in many circumstances. It required investment companies to file financial disclosure and set limits on the fees they are allowed to charge; it also required that investment companies with more than a certain number of investors register with the SEC. The Investment Company Act is enforced by the SEC. See also: Investment Advisers Act of 1940.

Investment Company Act

A 1940 act that regulates the management of investment companies in relation to items such as financial statements, stated investment goals, personnel, debt issuance, and directors. The goal of the Act was to provide adequate disclosure and to curb the management abuses prevalent during the 1920s and 1930s.
References in periodicals archive ?
Finally, the company mentioned that borrowings under the credit facility are subject to different covenants such as the leverage restrictions contained in the Investment Company Act of 1940, as amended, as long as the company's asset coverage ratio under the credit facility is not less than 150%.
Issuer: Runway Growth Credit Fund Inc., a Maryland corporation that has elected to be regulated as a business development company under the Investment company Act of 1940.
Act !-- -- Iris Gonzales (The Philippine Star) - February 18, 2019 - 12:00am MANILA, Philippines The Securities and Exchange Commission (SEC) has issued amendments to the implementing rules and regulations of the Investment Company Act.
MZF is a closed-end management investment company registered under the Investment Company Act of 1940 as amended (the 1940 Act).
Solar Capital announced that effective August 2, 2018, its Board of Directors including all Independent Directors, and based on the recommendation of its investment advisor, Solar Capital Partners, approved the reduction in the asset coverage requirement under of the Investment Company Act of 1940 as allowed under the Small Business Credit Availability Act.
ETFs that satisfy certain conditions would be able to operate within the scope of the Investment Company Act of 1940 and to come to market without applying for individual exemptive orders.
In this book, authors Frankel and Laby present readers with the third edition of their four-volume comprehensive examination of the Investment Company Act, The Investment Advisers Act, and the contemporary regulation of mutual funds and their managers.
While asset management pioneers as well as former SEC chairmen concurred at the event that the Acts have stood the test of time -- with the Investment Company Act helping to spur growth in the $90 trillion fund industry -- they nonetheless noted ongoing challenges the agency faces in crafting regulations, namely for exchanged-traded funds.
The Investment Company Act of 1940 ("Investment Company Act") requires registration of an investment company.
Blizzard will supervise two offices that develop recommendations for rulemaking and other policy initiatives under the Investment Company Act and the Investment Advisers Act.
New York, NY, June 03, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Stephen Keen, Counsel, ReedSmith LLP will speak at the Knowledge Congress' webcast entitled: "Sweeping Changes to the Credit Rating Provisions of the Investment Company Act." This event is scheduled for June 16, 2011 at 12:00 PM - 2:00 PM ET.
"They are not regulated as mutual fund products, and they are not regulated under the Investment Company Act. They are regulated as banking products," Kirsch says.

Full browser ?