SEC Form N-54A

DEFINITION of 'SEC Form N-54A'

A filing with the Securities and Exchange Commission (SEC) that must be used by business development companies (BDCs) who want to be subject to the provisions of sections 55 through 65 of the Investment Company Act of 1940. These sections deal with the acquisition of assets by BDCs, qualifications of directors, transactions with certain affiliates, changes in investment policy, incorporation of title provisions, functions and activities of BDCs, capital structure, loans, distribution and repurchase of securities, accounts and records, preventing compliance with title and liability of controlling persons.

BREAKING DOWN 'SEC Form N-54A'

SEC Form N-54A is also known as "Notice of Intent to Elect to be Subject to Sections 55 through 65 of the Investment Company Act of 1940 Filed Pusuant to Section 54(a) of the Act."

RELATED TERMS
  1. Business Development Company - ...

    A company that is created to help grow small companies in the ...
  2. SEC Form N-6F

    A filing with the Securities and Exchange Commission (SEC) that ...
  3. Section 16

    A section of the Securities Exchange Act of 1934 that is used ...
  4. SEC Form 1

    An application for and amendments to an application for registration ...
  5. SEC Form NSAR-U

    An annual filing with the Securities and Exchange Commission ...
  6. Investment Company Act Of 1940

    Created in 1940 through an act of Congress, this piece of legislation ...
Related Articles
  1. Stock Analysis

    Will Spinoffs Give American Capital A Pop?

    American Capital shareholders have long awaited a plan to spin off the company's investments from its prized asset-management business.
  2. Stock Analysis

    Is This Dividend Stock A Value Or Value Trap?

    We can say that Fifth Street Finance has had a rough year, but there's a huge difference between an undervalued stock and a stock that's cheap for a reason
  3. Professionals

    Investment Company Act of 1940

    FINRA Series 6 Exam Study Guide - Investment Company Act of 1940. This section explains the Investment Company Act 1940 and also describes an Interested or Affiliated person.
  4. Professionals

    Restrictions on Mutual Fund Operations

    FINRA Series 6: Section 10 Restrictions on Mutual Fund Operations. In this section: Affiliated and Interested Parties.
  5. Professionals

    Introduction

    FINRA/NASAA Series 26 Section 1 - Investment Companies. This section is the introduction to the chapter on investment companies.
  6. Professionals

    Registration of Securities

    FINRA/NASAA Series 66 - Registration of Securities. In this section exemptions to state registration of securities under the Uniform Securities Act (USA) and notice filing.
  7. Markets

    Speed Read SEC Filings For Hot Stock Picks

    SEC forms can be a real headache. Find out how to make your research more efficient - and more effective.
  8. Investing Basics

    How A Company Files With The SEC

    Filing with the SEC is not as complicated as you might thing -- just be meticulous about following the steps.
  9. Term

    What Is Section 1231 Property?

    Section 1231 property is depreciable business property that’s held for a year or longer.
  10. Investing Basics

    SEC Filings: Forms You Need To Know

    The forms companies are required to file provide a clear view of their histories and progress.
RELATED FAQS
  1. How is trading volume regulated by the Securities and Exchange Commission (SEC)?

    Learn about how the SEC uses the trading volume formula as one requirement for an exemption to the ban on the resale of restricted ... Read Answer >>
  2. What's the difference between accrued expenses and provisions?

    Read about the differences between accrued expenses and provisions, and why a company might record one over the other in ... Read Answer >>
  3. Where can I find a company's annual report and its SEC filings?

    Thanks to the Internet, finding financial reports is easier than ever. Nowadays, every reputable company has an investor ... Read Answer >>
  4. How do I know if I am buying unregistered securities or stocks?

    All securities, including stocks, bonds and notes, must be registered with the Securities and Exchange Commission (SEC) before ... Read Answer >>
  5. How does FINRA differ from the SEC?

    With all the financial organizations out there, knowing what they all do can be as complicated as knowing where to invest. ... Read Answer >>
  6. What are unregistered securities or stocks?

    Before securities, like stocks, bonds and notes, can be offered for sale to the public, they first must be registered with ... Read Answer >>
Hot Definitions
  1. Goodwill

    An account that can be found in the assets portion of a company's balance sheet. Goodwill can often arise when one company ...
  2. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  3. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  4. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  5. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center