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e-CFR data is current as of August 6, 2020

Amendment


17 CFR--PART 230

View Printed Federal Register page 85 FR 33356 in PDF format.

Amendment(s) published June 1, 2020, in 85 FR 33356

Effective Dates: Aug. 1, 2020

24. Amend §230.486 by:

a. Revising paragraphs (a), (b) introductory text, and (b)(1)(iv);

b. Removing “and” at the end of paragraph (b)(1)(v);

c. Redesignating paragraph (b)(1)(vi) as paragraph (b)(1)(vii);

d. Adding new paragraph (b)(1)(vi);

e. Revising the introductory text to paragraph (b)(2); and

f. Adding paragraph (g).

The revisions and additions read as follows:

§230.486   Effective date of post-effective amendments and registration statements filed by certain closed-end management investment companies.

(a) Automatic effectiveness. Except as otherwise provided in this section, a post-effective amendment to a registration statement, or a registration statement described in paragraph (g) of this section, filed by a registered closed-end management investment company or business development company which makes periodic repurchase offers under §270.23c-3 of this chapter or which offers securities under §230.415(a)(1)(ix), shall become effective on the sixtieth day after the filing thereof, or a later date designated by the registrant on the facing sheet of the amendment or registration statement, which date shall not be later than eighty days after the date on which the amendment or registration statement is filed, Provided, that the Commission, having due regard to the public interest and the protection of investors, may declare an amendment or registration statement filed under this paragraph (a) effective on an earlier date.

(b) Immediate effectiveness. Except as otherwise provided in this section, a post-effective amendment to a registration statement, or a registration statement, filed by a registered closed-end management investment company or business development company which makes periodic repurchase offers under §270.23c-3 of this chapter or which offers securities under §230.415(a)(1)(ix), shall become effective on the date on which it is filed with the Commission, or a later date designated by the registrant on the facing sheet of the amendment or registration statement, which date shall be not later than thirty days after the date on which the amendment or registration statement is filed, except that a post-effective amendment including a designation of a new effective date under paragraph (b)(1)(iii) of this section shall become effective on the new effective date designated therein, Provided, that the following conditions are met:

(1) *  *  *

(iv) Disclosing or updating the information required by Item 9.1.c of Form N-2 [17 CFR 239.14 and 274.11a-1];

*   *   *   *   *

(vi) Complying with §230.415(a)(5) and (6); and

*   *   *   *   *

(2) The registrant represents that the amendment is filed solely for one or more of the purposes specified in paragraph (b)(1) of this section and that no material event requiring disclosure in the prospectus, other than one listed in paragraph (b)(1) or one for which the Commission has approved a filing under paragraph (b)(1)(vii) of this section, has occurred since the latest of the following three dates:

*   *   *   *   *

(g) Registration statements. A registration statement can become effective under paragraph (a) of this section if it is filed for the purpose of:

(1) Registering additional shares of common stock for which a registration statement filed on Form N-2 (§§239.14 and 274.11a-1 of this chapter) is effective; or

(2) Complying with §230.415(a)(5) and (6).

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