Small Investment Trust Bids Farewell to SEC Regulations
Published Date: 3/5/2025
Notice
Summary
A unit investment trust with 96 owners wants to officially stop being an investment company because it’s not selling any securities now or in the future. Instead, it’ll keep running as a private investment fund under special rules. This change was requested on July 1, 2024, and means less paperwork and more freedom for the fund.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Trust seeks to stop investment-company status
A unit investment trust with 96 beneficial owners filed on July 1, 2024, asking the SEC to declare it has ceased to be an investment company. The trust says it is not offering securities now and does not propose to offer any, and it will continue operating as a private investment fund relying on section 3(c)(1) of the Investment Company Act of 1940.
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Key Dates
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