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SEC RIN: 3235-AJ31 Publication ID: Fall 2008 
Title: Definition of Eligible Portfolio Company Under the Investment Company Act of 1940 
Abstract: The Commission amended Rule 2a-46(b) under the Investment Company Act to more closely align the definition of eligible portfolio company, and the investment activities of business development companies (BDCs), with the purpose that Congress intended. The amendment expands the definition of eligible portfolio companies that list their securities on a national securities exchange. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 17 CFR 270.2a-46    17 CFR 270.55a-1   
Legal Authority: 15 USC 80a-2(a)(46)(C)(iv)    15 USC 80a-37(a)    15 USC 80a-6(c)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/08/2004  69 FR 64816   
NPRM Comment Period End  01/07/2005    
Final Rule  10/31/2006  71 FR 64086   
Final Rule Effective  11/30/2006    
Second NPRM  10/31/2006  71 FR 64093   
Second NPRM Comment Period End  01/02/2007    
Final Action  05/20/2008  73 FR 29044   
Final Action Effective  07/21/2008    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.sec.gov/rules/final/2006/ic-27538.pdf  
RIN Data Printed in the FR: Yes 
Agency Contact:
Rochelle Kauffman Plesset
Division of Investment Management
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-6840
Email: plessetr@sec.gov