{"abstract":"The Commission is adopting an amendment to a rule under the Investment Company Act of 1940 to more closely align the definition of eligible portfolio company, and the investment activities of business development companies (\"BDCs\"), with the purpose that Congress intended. The amendment expands the definition of eligible portfolio company to include certain companies that list their securities on a national securities exchange.","action":"Final rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2008/05/20/E8-11254.html","cfr_references":[{"chapter":null,"citation_url":null,"part":270,"title":17}],"citation":"73 FR 29044","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: July 21, 2008.","disposition_notes":null,"docket_ids":["Release No. IC-28266","File No. S7-37-04"],"dockets":[],"document_number":"E8-11254","effective_on":"2008-07-21","end_page":29052,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2008/05/20/E8-11254.xml","html_url":"https://www.federalregister.gov/documents/2008/05/20/E8-11254/definition-of-eligible-portfolio-company-under-the-investment-company-act-of-1940","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/E8-11254?publication_date=2008-05-20","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2008-05-20/E8-11254/mods.xml","not_received_for_publication":null,"page_length":9,"page_views":{"count":855,"last_updated":"2026-04-04 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2008-05-20/pdf/E8-11254.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2008-05-20","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2008/05/20/E8-11254.txt","regulation_id_number_info":{"3235-AJ31":{"issue":"200804","html_url":"https://www.federalregister.gov/regulations/3235-AJ31/definition-of-eligible-portfolio-company-under-the-investment-company-act-of-1940","title":"Definition of Eligible Portfolio Company Under the Investment Company Act of 1940","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200804&RIN=3235-AJ31&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3235-AJ31"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-14T04:05:29Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":29044,"subtype":null,"title":"Definition of Eligible Portfolio Company Under the Investment Company Act of 1940","toc_doc":"Definition of Eligible Portfolio Company under the Investment Company Act of 1940","toc_subject":null,"topics":["Investment companies","Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":73}