Search Results for keywords:"investment companies"

Found 28 results

Search Results: keywords:"investment companies"

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  • 2025-02064 — ISQ Infrastructure Income Fund, et al.
    Type:Notice
    Citation:90 FR 8730
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) has received an application related to the Investment Company Act of 1940. This application seeks permission for certain business development companies and investment companies to jointly invest in portfolio companies alongside affiliated entities. The request necessitates an order exempting these joint transactions, which are typically restricted under current regulations. The public can request a hearing on this matter by reaching out to the SEC's Secretary by February 24, 2025.

    Simple Explanation

    The SEC is looking at a plan where certain companies want to work together and share their money with friends, but they need special permission to do it. People can say how they feel about this plan by telling the SEC before February 24, 2025.

  • 2025-03649 — Proposed Collection; Comment Request; Extension: Rule 17j-1
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    Type:Notice
    Citation:90 FR 11560
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) is seeking public feedback on extending a rule that helps prevent conflicts of interest for people working with investment companies. Rule 17j-1 requires those affiliated with investment companies to follow a code of ethics that ensures their personal investments do not conflict with the company's activities. This rule mandates reports on personal securities transactions and record-keeping to detect any potential violations. The SEC estimates around 84,567 people are affected by this rule, leading to annual costs of approximately $4.68 million for compliance. Comments are invited on the necessity and impact of these reporting requirements.

    Simple Explanation

    The SEC wants to make sure that people who help manage money for others are honest and don't cheat by secretly doing things that aren't in their clients' best interests. To do this, they have rules they need to follow, like telling about their own investments and keeping records, which costs quite a bit of money each year. They are asking for ideas on whether these rules are helpful and if there's a better way to check that everyone is playing fair.

  • 2021-02179 — Hamilton Lane Private Assets Fund, et al.
    Type:Notice
    Citation:86 FR 7892
    Reading Time:about 52 minutes

    The Securities and Exchange Commission has announced a notice regarding an application submitted by Hamilton Lane Private Assets Fund and others. The applicants are seeking permission for certain investment companies to make joint investments with affiliated funds, which would otherwise be prohibited under existing regulations. They aim to allow a closed-end management investment company to invest in portfolio companies alongside related investment funds. The application includes various conditions to ensure that such investments are fair and equitable for all parties involved.

    Simple Explanation

    The government is looking at a request from a company to let different investment groups work together to share money on projects, even though the current rules usually don't allow it. They want to make sure that everything is fair and rules are followed, so they plan to set up some guidelines to protect everyone involved.

  • 2025-03078 — Submission for OMB Review; Comment Request; Extension: Form N-8A
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    Type:Notice
    Citation:90 FR 10744
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is requesting an extension from the Office of Management and Budget (OMB) for a collection of information related to Form N-8A. This form is used by investment companies to notify the SEC of their registration under the Investment Company Act of 1940. The SEC estimates that around 99 investment companies file this form every year, with a burden of about 99 hours in total time and $55,638 in costs. The SEC invites public comments on this request to assist in improving the process and minimizing the burden for respondents.

    Simple Explanation

    The SEC wants permission from another agency to keep using a form that helps them know about companies that manage people's money. They're asking people what they think about this plan and how it could be made easier to use.

  • 2025-04299 — Ares Core Infrastructure Fund, et al.
    Type:Notice
    Citation:90 FR 12615
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) issued a notice about an application for an exemption from certain sections of the Investment Company Act of 1940. The application is from various companies, including Ares Capital Management and Ares Core Infrastructure Fund, seeking permission to offer multiple classes of shares with different sales fees for certain investment companies. The application was initially filed on January 8, 2025, and amended on February 28, 2025. The SEC will grant the requested relief unless a hearing is ordered, and interested individuals can request a hearing by April 7, 2025.

    Simple Explanation

    The SEC is thinking about letting a company called Ares and its partners use different rules for selling shares because they asked nicely. They will decide soon, and if people have questions or want to talk about it, they have until April 7, 2025, to ask for a chat.

  • 2024-29578 — Proposed Collection; Comment Request; Extension: Rule 17f-4
    Type:Notice
    Citation:89 FR 101664
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on their information collection process under Rule 17f-4, which deals with investment companies using securities depositories. They estimate that 639 entities, including funds and custodians, must follow these rules, involving a total annual burden of 3,148 hours for reporting and compliance. The SEC wants feedback on whether the information collected is useful and how to reduce its burden, and the deadline for comments is February 14, 2025. Written comments can be sent to the SEC's designated contact.

    Simple Explanation

    The SEC wants to hear what people think about a rule that tells certain money managers how they should store their securities safely. They are asking if the information they collect is helpful or if there's a way to make things easier and need all ideas by February 14, 2025.

  • 2025-04646 — Antares Strategic Credit Fund, et al.
    Type:Notice
    Citation:90 FR 12857
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) published a notice regarding an application from the Antares Strategic Credit Fund, Antares Private Credit Fund, and Antares Capital Credit Advisers LLC. They are seeking permission to allow certain registered closed-end investment companies, which operate as business development companies, to issue multiple classes of shares with different sales loads and service fees. The application was initially filed on March 10, 2025, and amended on March 14, 2025. Interested parties can request a hearing by April 8, 2025, by contacting the SEC.

    Simple Explanation

    The government is checking if a company wants to sell their special money club memberships in a new way. They need to make sure everyone understands how it works and that there's no secret fees.

  • 2024-29314 — Global X Venture Fund and Global X Management Company, LLC
    Type:Notice
    Citation:89 FR 101057
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from Global X Venture Fund and Global X Management Company, LLC. The application seeks permission for certain registered closed-end investment companies to offer multiple classes of shares and to impose early withdrawal charges and fees for distribution and services. If no hearing is scheduled, the SEC may grant the requested relief after reviewing any submissions. People interested in a hearing can request one by contacting the SEC through the provided email by January 3, 2025.

    Simple Explanation

    The SEC is thinking about letting Global X Venture Fund ask people for money in different ways, like having different types of shares, and charging fees if people want to take their money out early. If no one asks for a meeting, the SEC might say yes after reading people's opinions.

  • 2025-00248 — Submission for OMB Review; Comment Request; Extension: Rule 3a-4
    Type:Notice
    Citation:90 FR 2049
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) is seeking an extension for the collection of information under Rule 3a-4, which offers a safe harbor for certain investment advisory programs from being classified as investment companies. These programs typically provide personalized investment management to clients with accounts that fall between minimum requirements for individual accounts and mutual funds. The rule mandates that each account must be managed based on the client's financial situation and investment goals, with annual check-ins to confirm or adjust these parameters. The SEC estimates the paperwork burden of these requirements to be over 57 million hours annually, as approximately 28 million clients are involved in these advisory programs each year.

    Simple Explanation

    The SEC is checking if there are too many rules for investment helpers who help people manage their money, and they spend a lot of time doing paperwork—like homework for grown-ups. They want to know if these rules are making it harder for smaller companies to help people with their money because they might have too much paperwork to do!

  • 2025-01788 — Pearl Diver Credit Company Inc., et al.
    Type:Notice
    Citation:90 FR 8310
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several investment companies, including Pearl Diver Credit Company Inc., seeking to engage in joint investments. These investments are typically prohibited under the Investment Company Act of 1940, but the applicants are requesting an order to allow these activities under certain conditions. A hearing on this application will only take place if requested, with a deadline for such requests set for February 17, 2025. Additional details, including how to request a hearing, are available on the SEC's website.

    Simple Explanation

    The SEC is thinking about letting a group of companies, including one called Pearl Diver Credit Company Inc., invest together even though there's normally a rule against it. People can ask to talk about this plan by February 17, 2025, if they want to.

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