SEC Form N-54C

A A A

DEFINITION

A form completed by an investment company and filed with the Securities and Exchange Commission in order to withdraw its voluntary election to be regulated as a business development company as defined in Sections 55 through 65 of the Investment Company Act of 1940. The form must be accompanied by a written explanation for withdrawing such as the company's sale, merger or closure.

INVESTOPEDIA EXPLAINS

Section 54(c) of the Investment Company Act outlines how a company may submit and/or withdraw its election to be regulated as an investment development company. The company must submit the original and three copies of the form. Depending on the company's legal structure it must include with signatures on the form from either the director, officer or trustee of the Board or a general partner of the firm. There is no fee for submitting Form N-54C.


RELATED TERMS
  1. Investment Company Act Of 1940

    Created in 1940 through an act of Congress, this piece of legislation clearly ...
  2. SEC Form NT15D2

    A form that is a variant of Form 12b-25, which is a notification of a late filing ...
  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities markets ...
  4. Securities Act Of 1933

    A federal piece of legislation enacted as a result of the market crash of 1929. ...
  5. Securities Exchange Act Of 1934

    The Securities Exchange Act of 1934 was created to provide governance of securities ...
  6. Electronic Data Gathering, Analysis ...

    The electronic filing system created by the Securities and Exchange Commission ...
  7. Comprehensive Automated Risk Data ...

    The Comprehensive Automated Risk Data System (CARDS) is an initiative by the ...
  8. Baked In The Cake

    Projections, expectations and other news items that are already reflected in ...
  9. Hospital Visitation Authorization

    A document that indicates who is allowed to visit a patient in a hospital or ...
  10. Restricted Stock

    Insider holdings that are under some other kind of sales restriction. Restricted ...
Related Articles
  1. SEC Filings: Forms You Need To Know
    Investing Basics

    SEC Filings: Forms You Need To Know

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

    Policing The Securities Market: An Overview ...

  3. Who's Looking Out For Investors?
    Personal Finance

    Who's Looking Out For Investors?

  4. The SEC’s EDGAR System: Use It Fearlessly!
    Investing Basics

    The SEC’s EDGAR System: Use It Fearlessly!

  5. How The SEC Places Rules On Penny Stocks
    Investing Basics

    How The SEC Places Rules On Penny Stocks

  6. When, Why And How To File A Complaint ...
    Credit & Loans

    When, Why And How To File A Complaint ...

  7. Understanding The Top SEC filing forms
    Investing Basics

    Understanding The Top SEC filing forms

  8. How A Company Files With The SEC
    Investing Basics

    How A Company Files With The SEC

  9. Day Trading Rules For Rookies: Don't ...
    Active Trading Fundamentals

    Day Trading Rules For Rookies: Don't ...

  10. Eight Financial Safeguards If Disaster ...
    Personal Finance

    Eight Financial Safeguards If Disaster ...

comments powered by Disqus
Hot Definitions
  1. Cash and Carry Transaction

    A type of transaction in the futures market in which the cash or spot price of a commodity is below the futures contract price. Cash and carry transactions are considered arbitrage transactions.
  2. Amplitude

    The difference in price from the midpoint of a trough to the midpoint of a peak of a security. Amplitude is positive when calculating a bullish retracement (when calculating from trough to peak) and negative when calculating a bearish retracement (when calculating from peak to trough).
  3. Ascending Triangle

    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
  4. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  5. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  6. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
Trading Center