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.

Investopedia explains '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."



comments powered by Disqus
Hot Definitions
  1. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  2. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  3. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  4. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  5. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  6. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
Trading Center