Securities and Exchange Commission February 2015 – Federal Register Recent Federal Regulation Documents

Notice is hereby given of a change in a meeting of the Securities and Exchange Commission Advisory Committee on Small and Emerging Companies. The meeting was originally noticed for February 17, 2015 at 2:00 p.m. EST, as published in the Federal Register on February 2, 2015, 80 FR 5592. The agenda item for the meeting was consideration of recommendations to the Commission regarding the definition of ``accredited investor.'' However, due to snow, the Federal government in Washington, DC was closed on February 17, 2015, and therefore the meeting was postponed. The ``accredited investor'' recommendations will now be considered at the Advisory Committee's March 4, 2015 meeting, 9:30 a.m. EST, in Multi-Purpose Room LL-006 at the Commission's headquarters, 100 F Street NE., Washington, DC, which was previously published in the Federal Register on February 17, 2015, 80 FR 8374.

Summary of the Application: Applicants request an order that would (a) permit certain registered open-end management investment companies that operate as ``funds of funds'' to acquire shares of certain registered open-end management investment companies, registered closed-end management investment companies, ``business development companies,'' as defined by section 2(a)(48) of the 1940 Act, and registered unit investment trusts that are within or outside the same group of investment companies as the acquiring investment companies and (b) permit certain registered open-end management investment companies relying on rule 12d1-2 under the 1940 Act to invest in certain financial instruments. Applicants: Realty Capital Income Funds Trust (``Trust''), National Fund Advisors, LLC (``Adviser''), and Realty Capital Securities, LLC (the ``Distributor'').