Regulatory Alerts2011-09-07 | 2011-22771Added
Companies Engaged in the Business of Acquiring Mortgages and Mortgage-Related Instruments
The Securities and Exchange Commission issued a concept release to review interpretive issues regarding the status of companies acquiring mortgages and mortgage-related instruments under the Investment Company Act of 1940. The Commission is specifically examining whether entities relying on the Section 3(c)(5)(C) exclusion from investment company definition, including certain real estate investment trusts, are operating within the intended scope of the statute. This document solicits public comments on the application of the Act to these pools to provide greater regulatory clarity and ensure investor protection.
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