The Securities and Exchange Commission has adopted amendments to rules defining which registered investment companies, investment advisers, and business development companies qualify as small entities under the Regulatory Flexibility Act.
The adopting release is available on the SEC website and will be published in the Federal Register.
Chairman Statement
SEC Chairman Paul S. Atkins said updating the definition of small entities for investment companies and investment advisers is an important step to eliminate unnecessary regulatory burdens and modernize the rulebook.
