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7 U.S.C. 1989 and 2009cc et seq.
69 FR 32204, June 8, 2004, unless otherwise noted.
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Nomenclature changes to part 4290 appear at 85 FR 16522, Mar. 24, 2020.
The Agency must approve your initial Management Expenses and any increases in your Management Expenses.
(a) Definition of Management Expenses. Management Expenses include:
(1) Salaries;
(2) Office expenses;
(3) Travel;
(4) Business development, including finders' fees;
(5) Office and equipment rental;
(6) Bookkeeping; and
(7) Expenses related to developing, investigating and monitoring investments.
(b) Management Expenses do not include services provided by specialized outside consultants, outside lawyers and independent public accountants, if they perform services not generally performed by a capital company.