Search Results for keywords:"business development companies"

Found 5 results

Search Results: keywords:"business development companies"

View All
Oldest Newest
  • 2021-02687 — Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 8933
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) to continue collecting information through Form N-14 under the Paperwork Reduction Act. Form N-14 is used by investment companies and business development companies for registering securities during certain business transactions. The SEC estimates that about 253 filings are made each year, with considerable internal efforts and costs involved in preparing these forms. Amendments to Form N-14 aim to reduce the burden and costs for certain companies by allowing them to incorporate information by reference. Public comments on this information collection are encouraged and can be submitted within 30 days.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to keep using a special form to help companies share important information when they are working with new partners or getting bigger. They're asking for public thoughts on how this form can be better and easier for companies to fill out.

  • 2021-00733 — Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 3225
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) to continue the use of Form N-54C under the Paperwork Reduction Act of 1995. This form allows business development companies to officially notify their withdrawal from being subject to specific regulations. The SEC estimates that around eight companies file this form annually, taking about one hour per submission. The total estimated cost for these filings, including outside professional fees, is about $3,504 annually. The public can view and comment on this information collection online.

    Simple Explanation

    The SEC wants to keep using a form that helps certain companies say, "We don't need to follow these rules anymore," with permission from another group called the OMB. This process might cost businesses a lot of money, and some people think the costs could be too high or out of date.

  • 2025-05448 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Exempt Certain Business Development Companies From FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and 5131 (New Issue Allocations and Distributions)
    💰
    Type:Notice
    Citation:90 FR 14284
    Reading Time:about 20 minutes

    The Securities and Exchange Commission is considering a proposed rule change submitted by the Financial Industry Regulatory Authority, Inc. (FINRA). This change aims to exempt certain business development companies (BDCs) from existing restrictions on buying and selling initial public offerings (IPOs). Specifically, non-traded BDCs will be allowed to purchase new IPOs more easily, just like publicly traded BDCs and other investment companies. This move is designed to give these non-traded BDCs and their investors better access to diverse investment opportunities, potentially improving their portfolio balance and investments in new stock issues.

    Simple Explanation

    Imagine there are rules about who can buy shiny new toys when they first come out. The people who make the rules want to let certain groups that usually can't buy these toys when they're new get a chance to buy them, hoping they can have more fun and new toys to play with.

  • 2021-01655 — Submission for OMB Review; Comment Request
    💰
    Type:Notice
    Citation:86 FR 7320
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested an extension for the information collection of Form N-54A, which investment companies use to notify the SEC of their election to be regulated as business development companies. This form is mandatory and aims to help the SEC administer specific provisions of the Investment Company Act of 1940. On average, about seven companies file this notification annually, with a total burden of 3.5 hours and an estimated cost of $1,288 to the industry. Public comments on the information collection are invited and can be submitted via the provided contact details.

    Simple Explanation

    The SEC wants to keep using a form that lets certain companies tell them they want to be part of a special group that follows certain rules. This form takes a little bit of time and money to fill out, and people can say what they think about it.

  • 2021-04075 — Star Mountain Credit Opportunities Fund, LP, et al.
    💰
    Type:Notice
    Citation:86 FR 12040
    Reading Time:about 26 minutes

    The Securities and Exchange Commission (SEC) has received an application for an order under sections of the Investment Company Act of 1940. The application seeks to allow certain business development companies and investment funds to make investments together, which would normally be restricted by law. The goal is to let these companies co-invest in small and medium-sized businesses, maximizing investment opportunities without unfair advantages. The SEC will issue the order unless a hearing is requested by March 22, 2021.

    Simple Explanation

    The SEC is looking at a request to let certain companies work together to put their money into small businesses, kind of like sharing toys instead of playing alone. They'll say yes unless someone speaks up by March 22, 2021.