Securities and Exchange Commission 2014 – Federal Register Recent Federal Regulation Documents

In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Securities and Exchange Commission (``Commission'' or ``SEC'') proposes to revise two existing systems of records, ``Administrative Proceeding Files (SEC-36)'', last published in the Federal Register Volume 62 FR 47884 (September 11, 1997) and ``Information Pertaining or Relevant to SEC Regulated Entities and Their Activities'' (SEC-55), last published in the Federal Register Volume 75 FR 35853 (June 23, 2010).

Summary of Application: Applicants request an order to permit a business development company (``BDC'') to co-invest in portfolio companies with affiliated investment funds.

This staff accounting bulletin rescinds portions of the interpretive guidance included in the Staff Accounting Bulletin Series in order to make the relevant interpretive guidance consistent with authoritative accounting guidance and Securities and Exchange Commission rules and regulations. Specifically, the staff is updating the Series in order to bring existing guidance into conformity with a recent consensus of the Financial Accounting Standards Board Emerging Issues Task Force, Accounting Standards Update No. 2014-17Business Combinations (Topic 805): Pushdown Accounting (a consensus of the FASB Emerging Issues Task Force).