§ 270.3a-3. Certain investment companies owned by companies which are not investment companies.
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/us/cfr/t17/s§ 270.3a-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding section 3(a)(1)(A) or section 3(a)(1)(C) of the Act (15 U.S.C. 80a-3(a)(1)(A) or 80a-3(a)(1)(C)), an issuer will be deemed not to be an investment company for purposes of the Act; Provided, That all of the outstanding securities of the issuer (other than short-term paper, directors' qualifying shares, and debt securities owned by the Small Business Administration) are directly or indirectly owned by a company which satisfies the conditions of § 270.3a-1(a) and which is:
(a)A company that is not an investment company as defined in section 3(a) of the Act;
(b)A company that is an investment company as defined in section 3(a)(1)(C) of the Act (15 U.S.C. 80a-3(a)(1)(C)), but which is excluded from the definition of the term "investment company" by section 3(b)(1) or 3(b)(2) of the Act (15 U.S.C. 80a-3(b)(1) or 80a-3(b)(2)); or
(c)A company that is deemed not to be an investment company for purposes of the Act by rule 3a-1. \[46 FR 6884, Jan. 22, 1981, as amended at 67 FR 43536, June 28, 2002\]
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§ 270.3a-3
Certain investment companies owned by companies which are not investment companies.
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