   
|
|
3C7
|
The 3C7 is a section of the Investment Company Act of 1940, which allows for the exclusion of investment companies from standard SEC registration requirements if all investors have been deemed 'accredited investors' or 'qualified purchases.' Both initial purchasers and subsequent transferees are considered qualified or accredited under 3C7. The procedures outlined in 3C7 are designed primarily for structured finance issuers. Section 3C7 is also commonly used among hedge fund companies, as 3C7 helps them to avoid certain requirements of the SEC. An issuer or company not based in the United States will only meet 3C7 guidelines for those purchasers considered U.S. investors. In a typical 3C7 transaction, all purchasers must sign representation verifying qualified or accredited status. Since 1940, 3C7 has been amended to the Investment Company Act.
Rate this 3C7 definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: EBITDA, liquidity ratio, 401a, deferred tax, command economy, 144a, per diem, margin rate, deferred revenue, required rate of return, cancelled check, open position, stock split, ex-dividend, implied volatility, in escrow, irrevocable trust, limit order, quality assurance, risk management, 1035 exchange, Key Rate Duration, class C shares, current ratio, Zero Cost Collar, 1031 exchange, wholly-owned subsidiary, VIX, reverse mortgage, retained earnings, phantom income, option premium, minority interest, labor relations, ex-dividend date, covered put, real GDP, LIBOR, inflation, dividends payable, diluted share, debt service coverage, balance sheet, APR, equities, average price per share, FICO score, FTSE, stock market close
|
|
| |
