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. Licensed For Reinsurance Only

    A license that allows a company to engage in services related ...
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 ...

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center