2020年3月25日
COVID-19: SEC Issues Temporary Conditional Relief to Certain Registered Funds and Insurance Company Separate Accounts with Respect to Short-Term Funding from Affiliates
Authors:
On March 23, 2020, the US Securities and Exchange Commission issued an order providing exemptions from various provisions of the Investment Company Act of 1940 to provide flexibility to open-end investment companies other than money market funds and insurance company separate accounts registered as unit investment trusts to obtain short-term funding. Each of the exemptions requires conditions to be met. This Legal Update provides further detail.
