Rule · SEC · 27 Jul 2020 · 2020-15170
The Securities and Exchange Commission issued a final rule correction to amend technical errors in the registration and offering rules for business development companies and other closed-end investment companies. The agency corrected citations to Form N-2, removed specific instructions, and renumbered subsequent provisions within 17 CFR Parts 230 and 232. These technical amendments ensure the accurate implementation of the Securities Offering Reform originally adopted in Release No. 33-10771.
SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 and 232 [Release Nos. 33–10771A; 34–88606A; IC– 33836A; File No. S7–03–19] RIN 3235–AM31 Securities Offering Reform for ClosedEnd Investment Companies; Correction AGENCY: Securities and Exchange Commission. ACTION: Final rule; correction. SUMMARY: This document makes technical corrections to amendments to rules that modify the registration, communications, and offering processes for business development companies (‘‘BDCs’’) and other closed-end investment companies adopted in Release No. 33–10771 (April 8, 2020) (‘‘Adopting Release’’), which was published in the Federal Register on June 1, 2020. DATES: Effective August 1, 2020 FOR FURTHER INFORMATION CONTACT:
Amy Miller, Senior Counsel, Investment Company Regulation Office, Division of Investment Management, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. SUPPLEMENTARY INFORMATION: We are making technical amendments to correct §§ 230.497 and 232.405. Specifically, this document amends Instructions 25 and 28 published in the Adopting Release. Instruction 25.a is amended to correct a citation to Form N–2; and Instruction 25.b is removed, with subsequent instructions renumbered accordingly. Instruction 28.b is removed, with subsequent instructions renumbered accordingly; newlydesignated Instruction b is amended to correct an unneeded direction to remove a heading; and newly-redesignated Instruction 28.d is amended to redesignate Note 2 to rule 405 of Regulation S–T as Note 1 to rule 405 of Regulation S–T.
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“This document makes technical corrections to amendments to rules that modify the registration, communications, and offering processes for business development companies (''BDCs'') and other closed-end investment companies adopted in Releas…”
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