Final Rule
Fund of Funds Arrangements
Overview
The Securities and Exchange Commission (the "Commission') is adopting a new rule under the Investment Company Act of 1940 ("Investment Company Act' or "Act') to streamline and enhance the regulatory framework applicable to funds that invest in other funds ("fund of funds' arrangements). In connection with the new rule, the Commission is rescinding rule 12d1-2 under the Act and certain exemptive relief that has been granted from sections 12(d)(1)(A), (B), (C), and (G) of the Act permitting certain fund of funds arrangements. Finally, the Commission is adopting related amendments to rule 12d1-1 under the Act and to Form N-CEN.
Prior Actions
Proposed Rule (33-10590)
Release Number
33-10590
IC-33329
SEC Issue Date
Dec. 19, 2018
Federal Register Publish Date
Feb. 1, 2019
Document Citation
84 FR 1286
RIN
3235-AM29
Resources
Details
File Number
S7-27-18
Rule Type
Final
Release Number
33-10871
IC-34045
SEC Issue Date
Oct. 7, 2020
Effective Date
January 19, 2021
Federal Register Publish Date
Nov. 19, 2020
Document Citation
85 FR 73924
RIN
3235-AM29