Securities and Exchange Commission May 20, 2008 – Federal Register Recent Federal Regulation Documents
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Definition of Eligible Portfolio Company Under the Investment Company Act of 1940
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.
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