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30 sie 2024 · Key Takeaways. 3C1 refers to a portion of the Investment Company Act of 1940 that exempts certain private investment companies from regulations. A firm that's defined as an investment company...
30 kwi 2024 · Section 3 (c) (1) exempts private funds of any size, provided that they have no more than 100 beneficial owners, all of whom are accredited investors.
21 lip 2023 · The 3(c)(1) exemption refers to a specific provision in the Investment Company Act of 1940, which permits an investment company to be exempt from registration with the SEC if it meets certain requirements. This exemption is vital for hedge fund managers as it exempts them from substantial regulatory compliance.
14 lip 2024 · In order to be exempt from registration under both the Section 3(c)(1) exemption and the Section 3(c)(7) exemption, a venture capital fund must not plan to or make a public offering of its securities.
21 wrz 2017 · 3(c)(1) and 3(c)(7) refer to two different exemptions from the requirements imposed on “investment companies” under the Investment Company Act of 1940. In this post, we explain what you need to know.
The two exclusions that venture capital funds and private equity funds most often rely upon are Section 3(c)(1) and Section 3(c)(7) of the Investment Company Act (funds relying on Section 3(c)(1) or 3(c)(7) are collectively referred to as “Excluded Investment Companies”).
A 3(c)(1) hedge fund is exempt under the Investment Company Act provided that the fund is beneficially owned by not more than 100 investors and is not making a public offering of its securities. The actual text of Section 3(c)(1) provides:
