3C7

DEFINITION of '3C7'

A portion of the Investment Company Act of 1940 that permits the exclusion of investment companies from standard registration requirements with the Securities and Exchange Commission (SEC) if all U.S. investors are considered to be "qualified purchasers" or "accredited investors."

BREAKING DOWN '3C7'

This particular section is one of the policies used frequently by hedge fund companies to avoid certain SEC requirements.

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RELATED FAQS
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    The correct answer is a. Registration by coordination is permitted when the issuer has filed a registration application with ... Read Answer >>
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    Understand whether foreign investors are permitted to invest in hedge funds that are based in the United States, and find ... Read Answer >>
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