PLI Webinar
May 11, 2020
1:00 pm – 2:00 pm ET
Register here
During this Briefing we will provide an overview of the market conditions facing business development companies (BDCs) as a result of the pandemic and associated market dislocations. As a result of these events, the Securities and Exchange Commission (SEC) has provided temporary…
In order to mitigate potential filing delays due to the ongoing impacts of the COVID-19 pandemic, the Securities and Exchange Commission’s (“SEC”) Division of Investment Management has extended the EDGAR filing window from 5:30 p.m. (EDT) to 10:00 p.m. (EDT) on April 29, 2020 for registered investment company and business development company filings. Registered funds…
On April 8, 2020, the Securities and Exchange Commission (SEC) voted to adopt final rule amendments that modernize the offering related provisions of the Securities Act of 1933, as amended (the Securities Act), and the communications safe harbors available to business development companies (BDCs) and closed-end funds (CEFs), including interval funds but excluding open-end funds,…
At an open meeting held today the Securities and Exchange Commission adopted amendments modernizing the offering and communications related rules applicable to business development companies (BDCs) and closed end funds (CEFs). The amendments implement the rulemaking mandate in the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. Most…
On Wednesday, April 8, the Securities and Exchange Commission will hold an open meeting in order to consider whether to adopt rule and form amendments in order to modernize the offering framework for business development companies (BDCs) and closed end funds (CEFs), which were proposed in March 2019 (proposing release No. 33-10619).
The SEC was…
The US Securities and Exchange Commission (“SEC”) recently announced that it will not take final action before April 24, 2020, regarding the following five proposed actions, which have comment periods expiring in March, to allow commenters additional time to submit comments. The SEC is concerned that “challenges associated with COVID-19 may delay the completion and…
PLI Webinar
March 3, 2020
10:00 – 11:00 AM EST.
Register here.
This PLI One-Hour Briefing provides attendees with a broad yet focused educational program that presents a clear picture of legal, tax and market considerations for business development companies (BDCs).
Please join Mayer Brown LLP’s Brian D. Hirshberg and Remmelt A. Reigersman along…
Several key regulatory developments and reforms have the potential to significantly help business development companies (closed-end investment management companies that are specially regulated by the Investment Company Act of 1940). This article published in Bloomberg Law addresses those developments and how they are expected to impact the BDC industry.
View the full article here.
Access our BDC Facts & Stats, which provides a compendium of information regarding BDCs, including BDCs that have increased their use of leverage, the terms of BDC advisory agreements, and more.
Read our publication here.
The SEC’s amendment to the test-the-waters provisions, extending the ability to test-the-waters to issuers that are not emerging growth companies (“EGCs”), is now effective. The guide summarizes the provisions of new Rule 163B. Under the new rule, any issuer, or person authorized to act on behalf of the issuer (including an underwriter), may engage in…
