Investment Company Act Release No. 33897, Order Under Section 6(c) and Section 38(a) of the Investment Company Act of 1940 Granting Exemptions from Specified Provisions of the Investment Company Act and Certain Rules Thereunder [In-Person Board Relief]

The record

Jurisdiction

United States; Securities and Exchange Commission (federal)

Level

Federal

Authority

15 U.S.C. § 80a-6(c)

Issued

2020-06-19 June 19, 2020

Effective

2020-03-13 (from the date of the Original Order) (read as 2020-03-13)

End

Until the date specified in a public notice from Commission staff, at least two weeks after the notice and no earlier than December 31, 2020; the Division of Investment Management's COVID-19 FAQ (modified April 22, 2021) records the relief as continuing 'until it is terminated by a public notice from SEC staff'; no termination notice dated before September 30, 2021 was located (read as 2021-09-30)

In force

Mar. 13, 2020 to Sept. 30, 2021

Quarters

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Gathering capOther

Addressees

• registered management investment companies
• business development companies
• their investment advisers and principal underwriters

Functions reached

• WM fund governance (board votes cast at remote meetings through 2021Q3)
• OP
• CB shareholders

Collection

Federal financial regulators AGY-FED-FINANCIAL

Operative words

[The Commission modifies] in part the March 25 Order to extend the period during which the In-person Board Relief will be [available]... the Commission finds that extending the time period for the In-[person Board Relief is necessary or appropriate in the public interest]... This Order supersedes the March 25 Order with respect to the In-person Board Relief [and extends it from the date of] the Original Order to (and including) the date to be specified in a public notice from Commission staff stating that the relief will terminate, which date will be at least two weeks from the date of the notice and no earlier than December 31, 2020.

Enforcement

Notes