Closed end investment company definition
Interval funds – definition and operations
A closed-end interval fund is an investment company that is registered with the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940 (1940 Act). Much like a typical mutual fund, investor assets are pooled into an investment portfolio and managed by an investment management firm. What sets interval funds apart from ...
[PDF File]8011-01P SECURITIES AND EXCHANGE COMMISSION 17 CFR …
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4 BDCs are a category of closed-end investment companies that do not register under the Investment Company Act, but rather elect to be subject to the provisions of sections 55 through 65 of the Investment Company Act. See section 2(a)(48) of the Investment Company Act [15 U.S.C. 80a-2(a)(48)].
[PDF File]Investment Company Act of 1940 - Deutsche Bank
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Sec. 2 INVESTMENT COMPANY ACT OF 1940 . 4 . ments but has no power to determine that any security or other investment shall be purchased or sold by such company. (2) ‘‘Affiliated company’’ means a company which is an af filiated person. (3) ‘‘Affiliated person’’ of another person means (A) any
[PDF File]Proposed Rule: Securities Offering Reform for Closed-End ...
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investment companies to use the securities offering rules that are already available to operating companies. The proposed rules would extend to closed-end investment companies offering reforms currently available to operating company issuers by expanding the definition of “well-
[PDF File]Final Rule: Investment Company Liquidity Risk Management ...
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the Act’s classification of management investment companies as either open-end (“open-end funds” or “funds”)4 or closed-end, upon which several of the Act’s other provisions depend, turns on whether the investment company’s shareholders have the right to redeem their shares on demand.
Financial Services—Investment Companies (Topic 946)
investment company for accounting purposes. Because regulatory and legal requirements may differ depending on a particular jurisdiction, the IASB decided not to link its definition of an investment company to whether the entity is an investment company under local regulations or laws.
[PDF File]FREQUENTLY ASKED QUESTIONS ABOUT CLOSED-END FUNDS
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FREQUENTLY ASKED QUESTIONS ABOUT CLOSED-END FUNDS Most investors are familiar with mutual funds, or open-end registered investment companies. Closed-end funds, however, may be less familiar to investors. Here we address some of the differences between open-end and closed-end funds and answer
[PDF File]Guide, Investment Companies
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12 of the proposed FSP, this “FSP applies to investments in entities that meet the definition of an investment company in paragraph 1.06 of the Investment Companies Guide for which the entity’s net asset value per share (or its equivalent, for example, partners’ capital per share for an ... closed-end investment company whose fair value ...
[PDF File]GUIDE TO COLLECTIVE INVESTMENT SCHEMES AND …
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to the Commission for the authorisation as a CIS or closed-end fund in the manner set out in the Securities (Collective Investment Schemes and Closed-end Funds) Regulations 2008 (the CIS Regulations) and obtain a Category 1 Global Business Licence (GBL1) under the FSA. 2. COLLECTIVE INVESTMENT SCHEMES 2.1 Definition
[PDF File]Frequently Asked Questions About Business Development ...
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BDCs are closed-end investment companies; however, BDCs are exempt from many of the regulatory constraints imposed by the Investment Company Act of 1940, as amended (the “1940 Act”), and the rules thereunder. Section 2(a)(48) of the 1940 Act defines “business development company” to mean a domestic closed-end company that (1) operates ...
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