SEC Form N-27F-1

AAA

DEFINITION of 'SEC Form N-27F-1'

A filing with the Securities and Exchange Commission (SEC) that must be used by custodian banks for issuers of period plan payments to inform investors holding periodic payment plan certificates of the fees they will pay under the investment and their withdrawal rights. SEC Form N-27F-1 must be sent to all purchasers of plan certificates informing them of details such as the number of regular monthly payments they have made, the total amount deducted for all charges, the percentage of their investment represented by such charges, the total number of payments scheduled to be made over the full term of the plan, and the total charges scheduled to be deducted over that term.

INVESTOPEDIA EXPLAINS 'SEC Form N-27F-1'

SEC Form N-27F-1 is also known as "Notice to Periodic Payment Plan Certificate Holders of 45-Day Withdrawal Right with Respect to Periodic Payment Plan Certificates." It is required under the Investment Company Act of 1940, and is used to help investors make informed decisions about their investments.

RELATED TERMS
  1. Investment Company Act Of 1940

    Created in 1940 through an act of Congress, this piece of legislation ...
  2. Custodian

    A financial institution that holds customers' securities for ...
  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  4. Security

    A financial instrument that represents: an ownership position ...
  5. Load

    A sales charge or commission charged to an investor when buying ...
  6. Comprehensive Automated Risk Data ...

    The Comprehensive Automated Risk Data System (CARDS) is an initiative ...
Related Articles
  1. SEC Filings: Forms You Need To Know
    Investing Basics

    SEC Filings: Forms You Need To Know

  2. Get A Job In Compliance
    Professionals

    Get A Job In Compliance

  3. Policing The Securities Market: An Overview ...
    Investing Basics

    Policing The Securities Market: An Overview ...

  4. Where can I find a company's annual ...
    Investing

    Where can I find a company's annual ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center