Securities and Exchange Commission May 23, 2014 – Federal Register Recent Federal Regulation Documents

Summary of Application: Applicants request an order permitting the Company, a business development company (``BDC'') and its Subsidiaries (defined below) to operate effectively as one company, specifically allowing them to: (1) Engage in certain transactions with each other; (2) invest in securities in which the other is or proposes to be an investor that would otherwise be permitted if the Company and the Subsidiaries were one company; (3) be subject to modified consolidated asset coverage requirements for senior securities issued by a BDC and its small business investment company (``SBIC'') subsidiaries; and (4) file consolidated reports with the Commission.

Applicants have received a temporary order exempting them from section 9(a) of the Act, with respect to a guilty plea entered on May 19, 2014, by Credit Suisse AG (``CSAG'') in the U.S. District Court for the Eastern District of Virginia (``District Court'') in connection with a plea agreement between CSAG and the U.S. Department of Justice (``DOJ''), until the Commission takes final action on an application for a permanent order. Applicants have also applied for a permanent order.