WASHINGTON, Aug. 6 -- Securities And Exchange Commission has issued a rule called: Investment Company Governance Technical Amendments.
The rule was published in the Federal Register on Aug. 6 by Sherry R. Haywood, Assistant Secretary.
Summary: The Securities and Exchange Commission (the "Commission") is adopting technical amendments to a rule under the Investment Company Act of 1940 (the "Investment Company Act") related to registered investment company and business development company (collectively "regulated funds") governance standards to reflect a Federal court's vacatur of certain amendments to those standards that the Commission adopted on July 27, 2004. The court's vacatur of the amendments was effective as of July 6, 2006, and had...