Securities and Exchange Commission September 2020 – Federal Register Recent Federal Regulation Documents

The Securities and Exchange Commission (``Commission'') is extending the effective date and applicability dates of our temporary final rules under Regulation Crowdfunding to facilitate capital formation for small businesses impacted by coronavirus disease 2019 (COVID-19). The temporary final rules are intended to expedite the offering process for smaller, previously established companies directly or indirectly affected by COVID-19 that are seeking to meet their funding needs through the offer and sale of securities pursuant to Regulation Crowdfunding. The temporary final rules are designed to facilitate this offering process by providing tailored, conditional relief from certain requirements of Regulation Crowdfunding relating to the timing of the offering and the availability of financial statements required to be included in issuers' offering materials while retaining appropriate investor protections.

Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On May 8, 2020, applicant made liquidating distributions to its shareholders based on net asset value. Expenses of $5,713.02 incurred in connection with the liquidation were paid by the applicant. Filing Date: The application was filed on June 23, 2020. Applicant's Address: dglatz@stradley.com.

Notice is being provided that the Securities and Exchange Commission Asset Management Advisory Committee (``AMAC'') will hold a public meeting on September 16, 2020, by remote means. The meeting will begin at 9:00 a.m. (ET) and will be open to the public via webcast on the Commission's website at www.sec.gov. Persons needing special accommodations to take part because of a disability should notify the contact person listed below. The public is invited to submit written statements to the Committee. The meeting will include a discussion of matters in the asset management industry relating to the ESG and Private Investments Subcommittees; and improving diversity and inclusion. It will also include a follow-up discussion on COVID-19 matters relating to AMAC's meeting of May 27, 2020.