Federal statute enacted by Congress in 1940 for the registration and regulation of investment companies.
Regulations governing investment companies. An investment company is one that has more than 30% of its assets invested in other companies.
Primary authority regulating investment company selling, distribution, promotion and reporting operations and empowers SEC to adopt regulations thereunder.
The basic federal law covering mutual funds. It requires registration of all funds, provides for their regulation, prescribes qualifications of officers and director and requires that certain matters receive prior shareholder approval.
Federal law that regulates investment companies. The Act regulates how mutual funds and other investment vehicles of investment companies operate.
This Act regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are offered to the investing public. The regulation is designed to minimize conflicts of interest that arise in these complex operations. The Act requires these companies to disclose their financial condition and investment policies to investors when stock is initially sold and, subsequently, on a regular basis. The focus of this Act is on disclosure to the investing public of information about the fund and its investment objectives, as well as on investment company structure and operations.
The federal law which regulates investment companies.
Federal legislation passed to regulate investment companies including regulations relating to reporting requirements, securities pricing and fund allocation.
The federal law, enforced by the Securities and Exchange Commission (SEC), that regulates the activities of investment companies.
Investment Company Act shall mean the Investment Company Act of 1940, as amended, including the rules and regulations promulgated thereunder.
A federal law which regulates the organization and activities of investment companies and requires the registration of investment companies with the federal government.
Created in 1940 through an act of Congress, this piece of legislation clearly defines the responsibilities and limitations placed upon fund companies that offer investment products to the public.
The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at through .
