Final Rule
Amendments to Procedures With Respect to Applications Under the Investment Company Act of 1940
Overview
The Securities and Exchange Commission (the "Commission') is adopting amendments to its rules under the Investment Company Act of 1940 to establish an expedited review procedure for applications that are substantially identical to recent precedent as well as a rule to establish an internal timeframe for review of applications outside of such expedited procedure. In addition, the Commission is adopting an amendment to its rules under the Investment Company Act of 1940 to deem an application outside of expedited review withdrawn when the applicant does not respond in writing to comments within 120 days.
Prior Actions
Proposed Rule (IC-33658)
Release Number
IC-33658
SEC Issue Date
Oct. 18, 2019
Federal Register Publish Date
Oct. 30, 2019
Document Citation
84 FR 58075
RIN
3235-AM51
Resources
Details
File Number
S7-19-19
Rule Type
Final
Release Number
IC-33921
SEC Issue Date
July 6, 2020
Effective Date
June 14, 2021
Federal Register Publish Date
Sept. 15, 2020
Document Citation
85 FR 57089
RIN
3235-AM51