Securities and Exchange Commission May 20, 2008 – Federal Register Recent Federal Regulation Documents

Sunshine Act Meeting
Document Number: E8-11277
Type: Notice
Date: 2008-05-20
Agency: Securities and Exchange Commission, Agencies and Commissions
Definition of Eligible Portfolio Company Under the Investment Company Act of 1940
Document Number: E8-11254
Type: Rule
Date: 2008-05-20
Agency: Securities and Exchange Commission, Agencies and Commissions
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.