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SEC proposes changes to procedures for exemptive applications

  • SEC document Image

Oct 18, 2019

The SEC has issued a proposed rule, “Amendments to Procedures With Respect to Applications Under the Investment Company Act of 1940.”

The pro­posed rule would “establish an expedited review procedure for applications under the Investment Company Act that are substantially identical to recent precedent, as well as a new informal internal procedure for applications that would not qualify for the new expedited process.”

Com­ments on the pro­posed rule are due 30 days after the date of its pub­li­ca­tion in the Federal Reg­is­ter. For more in­for­ma­tion, see the press release on the SEC’s Web site.

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