Investment Company Determination Under the 1940 ACT: Exemptions and Exceptions, Third Edition, (Hardcover)

<p><br></p><p>This best-selling compendium covers every statutory<br>and regulatory exception and exemption from investment company registration.<br>This updated edition is, in large part, an index of key court cases, Commission<br>statements, and Staff no-action letters and other statements. The authors<br>summarize that material in an easy-to-read format and provide cites to the<br>relevant authorities. This update also provides practice points and commentary<br>that, at times, takes issue with Commission or Staff positions.</p><p><br></p> <p> </p><p></p><p>This third edition also reflects important changes<br>to the provisions governing status issues, as well as additional updates that<br>include: </p> <p> </p><p></p><ul> <p> </p><p></p><li>Section 3(c)(1) was expanded to permit certain<br>venture capital funds to have up to 250 beneficial owners, instead of the 100<br>beneficial owners.</li> <p> </p><p></p><li>The Staff has modified, and may continue to<br>modify, when lending businesses, including real estate lending businesses, can<br>qualify for the exception in Section 3(c)(5).</li> <p> </p><p></p><li>The Commission adopted a new rule to facilitate<br>crowd funding offerings.</li> <p> </p><p></p><li>The Commission and the Staff have issued exemptive<br>orders and no action letters that have more important ramifications for certain<br>issuers considering their investment company status.</li></ul> <p> </p><p></p><p>This valuable resource also examines the investment<br>company status of specific types of entities that may face unique status<br>issues, including certain crypto-focused companies, SPACs, real-estate lending<br>companies, commodity pools, and healthcare companies.</p> <p> </p><p> </p><p><br></p>

• Investment Company Determination Under the 1940 ACT: Exemptions and Exceptions, Third Edition, (Hardcover)
• Author: American Bar Association
• ISBN: 9781639055678
• Format: Hardcover
• Publication Date: 2026-05-12
• Page Count: 1472