WebDec 1, 2024 · Issues arising under the US Investment Company Act of 1940 or ICA, or from classification as a passive foreign investment company, or PFIC, under the US Internal Revenue Code can often come as a surprise to issuers in foreign capital market transactions, particularly for those who do not consider themselves investment companies. WebJan 13, 2024 · The suits argue that SPACs fall under the Investment Company Act of 1940 because they own government securities while searching for a merger partner. “My personal view is that the plaintiffs’...
Investment Company Act of 1940 Exceptions: Guide for ... - Westlaw
Webof law for non-US investment companies that includes restrictions under the Investment Company Act in addition to those imposed by the Securities Act. A widely relied upon Investment Company Act exception is Section 3(c)(7) of that Act. 4 Under Section 3(c)(7), an issuer needs to estab-lish a “reasonable belief” that its securities are WebJun 19, 2024 · Inadvertent Investment Companies Independent Directors Independent Legal Counsel Independent Public Accountant Injunctions Inspections - Investment Advisers Insurance Companies Insurance Company Regulation Insurance Products Integration Interested Person Internationalization of Securities Markets Internet Interval Funds … small room air conditioner deals
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WebApr 10, 2024 · 9 See Inadvertent Custody: Advisory Contract Versus Custodial Contract Authority No. 2024-01 (Feb. 2024) (SEC, ... 14 See Proposal at n.106 citing Custody of Investment Company Assets Outside the United States, Investment Company Act Release No. 22658 (May 12, 1997) [62 FR 26923 (May 16, 1997)], at 26928 (“The amended rule … WebMar 29, 2024 · Violations of the Investment Company Act or the margin regulations can render a contract void or voidable and may expose offending parties (and other transaction participants) to fines and other regulatory sanctions. This program will discuss how these closing opinions are typically phrased, what they mean and the work required to support … WebMar 13, 2024 · Generally, companies inadvertently become investment companies by virtue of their investments in certain securities which trigger the act’s 40 percent test. Many … small room air conditioner heater