A Bluffer’s Guide to The Investment Company Act of 1940

All transactional lawyers should know enough to hold their own in a discussion of the Investment Company Act of 1940 until they have time to consult the lawyers who focus on the issue.   In this presentation, the panelists will explain what we do when asked to provide an opinion to the effect that a client need not register under the Investment Company Act of 1940. Panelists will explain the policy reasons for requiring investment companies to register, detail the definition of investment companies, and explore the typical ways that we conclude that clients need not register as investment companies.  The exemptions fall generally into three categories: (1) Exemptions for entities in Alternatively Regulated Industries, (2) Asset-based Exemptions and (3) Investor-based Exemptions for privately held entities. Even if the Investment Company Act of 1940 is not their strong suit, any attorney attending this presentation will add newfound knowledge to their pocket for handling opinion requests from clients and other deal parties on the way to a winning hand.

Panelists: Amy Williams, Erick Carlson and Madison Godsey

Register: awilliams@huntonAK.com

Hunton Andrews Kurth LLP will seek CLE credit for this program in CA, FL, GA, NC, NY, TX and VA. Credit hours are not guaranteed and are subject to each state’s approval rules.