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Regulatory Information
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2010-09-24
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Exemption for the Acquisition of Securities During the Existence of An Underwriting or Selling Syndicate
Rules and Regulations
D09002ee1be014955
D09002ee1be0149fc
United States
Securities and Exchange Commission
originator
org
United States Government Agency or Subagency
The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that permits an investment company that is related to certain participants in an underwriting to purchase securities during an offering, if certain conditions are met. The amendments increase the percentage of an underwriting that investment companies having the same investment adviser may purchase in reliance on the rule, and expand the scope of the rule to include securities of certain foreign and domestic issuers that are not registered with the Commission under the Securities Act of 1933. The amendments respond to changes in the investment company and underwriting industries that have occurred since the rule last was substantively amended in 1979.
62 FR 42401
https://www.govinfo.gov/app/details/FR-1997-08-07/97-20747
97-20747
fr07au97-5
RIN 3235-AG61
8010-01-P
Release Nos. IC-22775, IS-1095
File No. S7-7-96
https://www.govinfo.gov/app/details/FR-1997-08-07/97-20747
https://www.govinfo.gov/content/pkg/FR-1997-08-07/html/97-20747.htm
https://www.govinfo.gov/content/pkg/FR-1997-08-07/pdf/97-20747.pdf
10 p.
42401
42410
62 FR 42401
Code of Federal Regulations
Title 17 Part 270
17 CFR Part 270
Regulation Identification Number 3235-AG61
RIN 3235-AG61
Exemption for the Acquisition of Securities During the Existence of An Underwriting or Selling Syndicate; Federal Register Vol. 62, Issue
RULE
97-20747
SECURITIES AND EXCHANGE COMMISSION
1997-10-06
Release Nos. IC-22775, IS-1095
File No. S7-7-96
8010-01-P
97-20747
Final rule.
The Commission is adopting amendments to the rule under the Investment Company Act of 1940 that permits an investment company that is related to certain participants in an underwriting to purchase securities during an offering, if certain conditions are met. The amendments increase the percentage of an underwriting that investment companies having the same investment adviser may purchase in reliance on the rule, and expand the scope of the rule to include securities of certain foreign and domestic issuers that are not registered with the Commission under the Securities Act of 1933. The amendments respond to changes in the investment company and underwriting industries that have occurred since the rule last was substantively amended in 1979.
The rule amendments will become effective October 6, 1997.
C. Hunter Jones, Special Counsel, Office of Regulatory Policy, or Nadya B. Roytblat, Assistant Director, Office of Investment Company Regulation, Division of Investment Management, at (202) 942-0690, U.S. Securities and Exchange Commission, 450 5th Street, N.W., Mail Stop 10-2, Washington, D.C. 20549.
Federal Register
Vol. 62, no. 152
Office of the Federal Register, National Archives and Records Administration
1997-08-07
continuing
daily
deposited
born digital
271 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-1997-08-07
P0b002ee180a382fe
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr07au97
https://www.govinfo.gov/app/details/FR-1997-08-07
https://www.govinfo.gov/content/pkg/FR-1997-08-07/pdf/FR-1997-08-07.pdf
fdlp
42385
42645
DGPO
2010-09-24
2023-05-06
FR-1997-08-07
machine generated
eng
FR
FR-1997-08-07
62
152