Sec. 202. Safe harbor for changes of investment policies by asset managers
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/bill/115/s/1591/rs/section-202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13(c)(1) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–13(c)(1) ) is amended— in subparagraph
(A)by striking or at the end; in subparagraph
(B)by striking the period and inserting ; or ; and by adding at the end the following: engage in investment activities involving North Korean covered property, as defined in section 3 of the Banking Restrictions Involving North Korea (BRINK) Act of 2017 . . Not later than 120 days after the date of the enactment of this Act, the Securities and Exchange Commission shall issue any revisions the Securities and Exchange Commission determines to be necessary to the regulations requiring disclosure by each registered investment company that divests itself of securities in accordance with section 13(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–13(c) ), including in accordance with paragraph (1)(C) of that section, as added by subsection (a)(3).
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- 15 USC 80a–13(c)(1)
- 15 USC 80a–13(c)
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Sec. 202
Safe harbor for changes of investment policies by asset managers
Cite15 USC 80a–13(c)(1)
Cite15 USC 80a–13(c)
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