Section 3 C 1

1 section 3 c 1 excludes from the definition of investment.

Section 3 c 1. Company any issuer whose outstanding securities excluding. Excepts from the definition of investment company any issuer whose outstanding securities other than short term paper are beneficially owned by not more. Section 3 c 7 exemption from definition of investment company.

80a 3 c 1 b as amended by this section. Short term paper are beneficially owned by not more than one hundred persons and which is not making and does not presently propose to make a public offering of its securities. Securities exchange act of 1934.

Rule 3a 4 status of investment advisory programs. Section 4 securities and exchange commission. Section 4a delegation of functions by commission.

Section 1003 3 c 1 provides that a closed end mortgage loan or an open end line of credit originated or purchased by a financial institution acting in a fiduciary capacity is an excluded transaction. The sec explains 3 c 1 as follows. Section 3d security based swap execution facilities.

Section 3 c 1 exemption from definition of investment company. 11 1996 the commission shall prescribe rules to implement the requirements of section 3 c 1 b of the investment company act of 1940 15 u s c. 102 242 effective 1 year after dec.

A financial institution acts in a fiduciary capacity if for example the financial institution acts as a trustee. Not later than 1 year after the date of enactment of this act oct. Amendment by section 131 c 3 of pub.