Section 2 A 51 A Of The Investment Company Act

To paraphrase the requirements under section 2 a 51 of the investment company act a qualified purchaser means.

Section 2 a 51 a of the investment company act. A natural person who immediately prior to entering into the contract is. This act regulates the organization of companies including mutual funds that engage primarily in investing reinvesting and trading in securities and whose own securities are offered to the investing public. For purposes of determining the amount of investments owned by a company under section 2 a 51 a iv of the act 15 u s c.

Any natural person including any person who holds a joint community property or other similar shared ownership interest in an issuer that is excepted under section 3 c 7 of the ica with that person s qualified purchaser spouse who owns not less than 5 million in investments as defined by. Qualified purchaser qp for purposes of the investment company act of 1940 as amended ica an entity that falls within the meaning of section 2 a 51 of the ica which generally includes. 80a 2 a 51 as added by this act.

Is a qualified purchaser as defined in section 2 a 51 a of the investment company act of 1940 at the time the contract is entered into. A person not less than 5 million in investments a company with not less than 5 million in investments owned by close family members a trust not formed for the investment with not less than 5 million in investments. 3 affiliated person of another person means a any.

Qualified purchaser under section 2 a 51 of the investment company act means. Qualified purchaser qp for purposes of the investment company act of 1940 as amended ica an entity that falls within the meaning of section 2 a 51 of the ica which generally includes. The regulation is designed to minimize conflicts of interest that arise in these complex operations.

2 investment company act of 1940. Section 1 findings and declaration of policy section 2 definitions section 3 definition of investment company section 4 classification of investment companies section 5 subclassification of management companies section 6 exemptions section 7 transactions by unregistered investment companies section 8 registration of investment companies section 9 ineligibility of. 2 affiliated company means a company which is an af filiated person.

80a 2 a 51 a iv there may be included investments owned by majority owned subsidiaries of the company and investments owned by a company parent company of which the company is a majority owned subsidiary or by a majority owned subsidiary of the company and other majority owned subsidiaries of the parent company. Ments but has no power to determine that any security or other investment shall be purchased or sold by such company.