17 CFR 270.57b-1
§ 270.57b-1 Exemption for downstream affiliates of business development companies.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 270.57b-1, § 270.57b-1 Exemption for downstream affiliates of business development companies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/70093
- Permanent ID
ys:prov:70093@1- SHA-256
9575453aa29dd310bc981076ca2011ce4e02e465fd1d3fde3b44411895135eeb
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Full text
Notwithstanding subsection (b)(2) of section 57 of the Act, the provisions of subsection (a) of that section shall not apply to any person (a) solely because that person is directly or indirectly controlled by a business development company or (b) solely because that person is, within the meaning of section 2(a)(3) (C) or (D) of the Act [15 U.S.C. 80a-2(a)(3) (C) or (D)], an affiliated person of a person described in (a) of this section.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.