SEC Form N-6F

AAA

DEFINITION of 'SEC Form N-6F '

A filing with the Securities and Exchange Commission (SEC) that must be submitted by a company intending to file a notification of election to be subject to sections 55 through 65 of the Act within ninety days of the date of this filing. The company would be excluded from the definition of an investment company by section 3(c)(1) of the Act, except that it presently proposes to make a public offering of its securities as a business development company. Sections 55-65 deal with acquisition of assets by business development companies, qualification of directors, transactions with certain affiliates, changes in investment policy, incorporation of title provisions, functions and activities of business development companies, capital structure, loans, distrubution and repurchase of securities, accounts and records, and preventing compliance with title.

INVESTOPEDIA EXPLAINS 'SEC Form N-6F '

Form N-6F is also called "Notice of Intent to Elect to be Subject to Sections 55-65 of the Investment Company Act of 1940." The form should not be filed by a company that at the time of filing has more than 100 beneficial owners of its securities, or by a company that expects to have more than one hundred beneficial owners of its securities before a notification of election will be filed. Such a company should consider whether or not it needs to file a notification of registration under section 8(a) of the Act or a notification of election under section 54(a) of the Act.

RELATED TERMS
  1. Investment Company Act Of 1940

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

    1. A person who enjoys the benefits of ownership even though ...
  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. Business Development Company - ...

    A company that is created to help grow small companies in the ...
  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. The Flow Of Company Information
    Investing Basics

    The Flow Of Company Information

  4. Is Your Broker Acting In Your Best Interest?
    Brokers

    Is Your Broker Acting In Your Best Interest?

Hot Definitions
  1. Financing Entity

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

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. 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 ...
  4. Debit Spread

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

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center