17 CFR Part 270 RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 | Code of Federal Regulations | US Law | LawStack Online

17 CFR Part 270

RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940

April 15, 2021

Definition of terms used in this part

General requirements of papers and applications

Amendments to registration statements and reports

Incorporation by reference

Procedure with respect to applications and other matters

[Amendment] Procedure with respect to applications and other matters

Payment of fees

Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act

Customer identification programs

Valuation of portfolio securities in special cases

Effect of eliminations upon valuation of portfolio securities

Investment company limited partners not deemed affiliated persons

Definition of “current net asset value” for use in computing periodically the current price of redeemable security

Fair value determination and readily available market quotations

Certain transactions not deemed assignments

Money market funds

Investment company general partners not deemed interested persons

Certain investment company directors not considered interested persons because of ownership of index fund securities

Valuation of standby commitments by registered investment companies

Certain issuers as eligible portfolio companies

Definition of investments for purposes of section 2(a)(51) (definition of “qualified purchaser”); certain calculations

Definitions of beneficial owner for certain purposes under sections 2(a)(51) and 3(c)(7) and determining indirect ownership interests

Certain companies as qualified purchasers

Certain prima facie investment companies

Transient investment companies

Certain investment companies owned by companies which are not investment companies

Status of investment advisory programs

Exemption for subsidiaries organized to finance the operations of domestic or foreign companies

Foreign banks and foreign insurance companies

Issuers of asset-backed securities

Certain research and development companies

Crowdfunding vehicle

Definition of beneficial ownership for certain 3(c)(1) funds

Definition of beneficial ownership in small business investment companies

Definition of certain terms used in section 3(c)(1) of the Act with respect to certain debt securities offered by small business investment companies

Definition of “common trust fund” as used in section 3(c)(3) of the Act

Beneficial ownership by knowledgeable employees and certain other persons

Certain transfers of interests in section 3(c)(1) and section 3(c)(7) funds

Definition of “total assets.”

Exclusion of certain guarantees as securities of the guarantor

Acquisition of repurchase agreement or refunded security treated as acquisition of underlying securities

Purchase of certain debt securities by companies relying on section 6(a)(5) of the Act

Exemption of employees' securities company pending determination of application

Exemptions for certain registered variable life insurance separate accounts

Exemption for certain registered separate accounts and other persons

Exemptions from certain provisions of sections 22(e) and 27 for registered separate accounts offering variable annuity contracts to participants in the Texas Optional Retirement Program

Exemptions for registered separate accounts to impose a deferred sales load and to deduct certain administrative charges

Exemption for certain open-end management investment companies to impose deferred sales loads

Exchange-traded funds

Exemption for certain closed-end investment companies

Exemptions for certain variable life insurance separate accounts

Exemptions for flexible premium variable life insurance separate accounts

Specification of conditions and arrangements for Canadian management investment companies requesting order permitting registration

Definition of “public offering” as used in section 7(d) of the Act with respect to certain Canadian tax-deferred retirement savings accounts

Scope of §§270.8b-1 through 270.8b-31

Title of securities

Interpretation of requirements

Time of filing original registration statement

Requirements as to proper form

Number of copies; signatures; binding

Requirements as to paper, printing and language

Preparation of registration statement or report

Riders; inserts

Amendments to registration statement

Additional information

Information unknown or not available

Disclaimer of control

§270.8b-23--270.8b-24

Extension of time for furnishing information

Additional exhibits

Omission of substantially identical documents

Deregistration of certain registered investment companies

Definition of regular broker or dealer

Death, disqualification, or bona fide resignation of directors

Conditional exemption of certain underwriting transactions

Exercise of warrants or rights received on portfolio securities

Exemption for the acquisition of securities during the existence of an underwriting or selling syndicate

Definition of “exchange” for purposes of section 11 of the Act

Offers of exchange by certain registered separate accounts or others the terms of which do not require prior Commission approval

Offers of exchange by open-end investment companies other than separate accounts

Distribution of shares by registered open-end management investment company

Exemptions for investments in money market funds

Exemptions for investment companies relying on section 12(d)(1)(F) of the Act

Exemptions for investments in certain investment companies

Definition of insurance company for purposes of sections 12(d)(2) and 12(g) of the Act

Exemption of acquisitions of securities issued by persons engaged in securities related businesses

Exemption for change of status by temporarily diversified company

Use of notification pursuant to regulation E under the Securities Act of 1933

Exemption from section 14(a) of the Act for certain registered separate accounts and their principal underwriters

Exemption from section 14(a) of the Act for certain registered unit investment trusts and their principal underwriters

Exemption from stockholders' approval of certain small investment advisory contracts

Annual continuance of contracts

Exemption for initial period of investment adviser of certain registered separate accounts from requirement of security holder approval of investment advisory contract

Temporary exemption for certain investment advisers

Exemption for initial period of directors of certain registered accounts from requirements of election by security holders

Exemption of certain underwriting transactions exempted by §270.10f-1

Exemption of certain purchase, sale, or borrowing transactions

Exemption of transactions with fully owned subsidiaries

Exemption of transactions pursuant to certain contracts

Pro rata distribution neither “sale” nor “purchase.”

Exemption for transactions with portfolio affiliates

Exemption of certain purchase or sale transactions between an investment company and certain affiliated persons thereof

Mergers of affiliated companies

Purchase of certain securities from a money market fund by an affiliate, or an affiliate of an affiliate

Exemption for transactions with certain subadvisory affiliates

Applications regarding joint enterprises or arrangements and certain profit-sharing plans

Form for report by small business investment company and affiliated bank

Exemption relating to certain joint enterprises or arrangements concerning payment for distribution of shares of a registered open-end management investment company

Brokerage transactions on a securities exchange

Custody of securities with members of national securities exchanges

Custody of investments by registered management investment company

Free cash accounts for investment companies with bank custodians

Custody of investment company assets with a securities depository

Custody of investment company assets outside the United States

Custody of investment company assets with Futures Commission Merchants and Commodity Clearing Organizations

Custody of investment company assets with a foreign securities depository

Bonding of officers and employees of registered management investment companies

Personal investment activities of investment company personnel

Exemption of privately held indebtedness

Exemptions of certain debentures issued by small business investment companies

Exemption from certain requirements of section 18(f)(1) (of the Act) for registered open-end investment companies which have the right to redeem in kind

Fair and equitable treatment for holders of each class or series of stock of series investment companies

Multiple class companies

Exemption from the requirements of section 18 and section 61 for certain senior securities transactions

Written statement to accompany dividend payments by management companies

Frequency of distribution of capital gains

Solicitation of proxies, consents and authorizations

§270.20a-2--270.20a-4

Pricing of redeemable securities for distribution, redemption and repurchase

Redemption fees for redeemable securities

Exemption from section 22(d) to permit sales of redeemable securities at prices which reflect sales loads set pursuant to a schedule

Exemption from section 22(d) for certain registered separate accounts

Exemption from section 22(e) of the Act during annuity payment period of variable annuity contracts participating in certain registered separate accounts

Pricing of redemption requests in accordance with Rule 22c-1

Exemption for liquidation of money market funds

Liquidity risk management programs

Repurchase of securities by closed-end companies

Call and redemption of securities issued by registered closed-end companies

Repurchase offers by closed-end companies

[Amendment] Repurchase offers by closed-end companies

Filing copies of sales literature

Sales literature deemed filed

Filing copies of covered investment fund research reports

Filing of certain prospectuses as post-effective amendments to registration statements under the Securities Act of 1933

Registration under the Securities Act of 1933 of certain investment company securities

[Amendment] Registration under the Securities Act of 1933 of certain investment company securities

Payment of administrative fees to the depositor or principal underwriter of a unit investment trust; exemptive relief for separate accounts

Reserve requirements for principal underwriters and depositors to carry out the obligations to refund charges required by section 27(d) and section 27(f) of the Act

Exemption from Section 27(i)(2)(A) of the Act during annuity payment period of variable annuity contracts participating in certain registered separate accounts

Investment in loans partially or wholly guaranteed under the Servicemen's Readjustment Act of 1944, as amended

Annual report for registered investment companies

Certification of Form N-CSR

Controls and procedures

Annual report for wholly-owned registered management investment company subsidiary of registered management investment company

§270.30b1-1--270.b1-3

Report of proxy voting record

Monthly report for money market funds

Current report for money market funds

Temporary rule regarding monthly report

Current report for open-end and closed-end management investment companies

Filing of reports to stockholders

Filing of copies of reports to shareholders

Reports to stockholders of management companies

Reports to shareholders of unit investment trusts

Internet availability of reports to shareholders

Applicability of section 16 of the Exchange Act to section 30(h)

Records to be maintained by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies

Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies

Records prepared or maintained by other than person required to maintain and preserve them

Records to be maintained and preserved by registered investment companies relating to fair value determinations

Exemption of certain companies from affiliation provisions of section 32(a)

Exemption for initial period from vote of security holders on independent public accountant for certain registered separate accounts

Exemption from provision of section 32(a)(1) regarding the time period during which a registered management investment company must select an independent public accountant

Independent audit committees

Sales literature deemed to be misleading

Investment company names

Compliance procedures and practices of certain investment companies

Confidential treatment of names and addresses of dealers of registered investment company securities

Investment activities of business development companies

Exemption for downstream affiliates of business development companies

Exemption for certain business development companies

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