Loading ...
Sorry, an error occurred while loading the content.
 

SEC Proposes Electronic Filing of Exemptive Applications

Expand Messages
  • Baker, John
    The Securities and Exchange Commission has proposed that applications for exemptive orders under the Investment Company Act of 1940, currently made only on
    Message 1 of 1 , Nov 4 6:58 PM
      The Securities and Exchange Commission has proposed that applications for exemptive orders under the Investment Company Act of 1940, currently made only on paper, should in the future be made electronically via the SEC's EDGAR system. Release Nos. 33-8859, 34-56732, IC-28042 (Nov. 1, 2007). Applications under the Investment Advisers Act of 1940, which are less common, would continue to be made only on paper. The effect of the rule amendments, if adopted, would be to make the exemptive process far more public. Currently, applications are publicly available, but in practice obtaining a copy of an application requires using a service that charges a fee. Electronic availability via EDGAR would make applications quickly and easily available to the industry as a whole, with competitive implications for those seeking innovative exemptive orders. The proposal would also require business development companies and small business investment companies offering securities under Regulation E to make their filings via EDGAR. Comments on the proposal are due December 14, 2007. The SEC's press release, with a link to the proposing release, is available online at

      http://www.sec.gov/news/press/2007/2007-224.htm


      John M. Baker <JMB@...>
      Stradley Ronon Stevens & Young, LLP http://www.stradley.com
      1220 19th Street NW, Suite 600
      Washington DC 20036
      202.419.8413
      202.822.0140 fax
      FundLaw Listowner http://groups.yahoo.com/group/fundlaw
    Your message has been successfully submitted and would be delivered to recipients shortly.