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SBA | RIN: 3245-AF56 | Publication ID: Spring 2009 |
Title: Conflict of Interest | |
Abstract: This rule would clarify the circumstances under which a small business investment company must obtain a conflict of interest exemption for a co-investment with an affiliate. In the current regulations, investment by an SBIC in a company in which the affiliate has a pre-existing 10 percent or greater ownership interest is addressed in two overlapping provisions, one requiring a conflict of interest exemption and the other requiring SBAs prior written approval (a lower level of regulatory approval than a conflict of interest exemption). The proposed rule would eliminate the overlap and clarify the specific types of transactions that fall under each provision. | |
Agency: Small Business Administration(SBA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 13 CFR 107 | |
Legal Authority: 15 USC 662 15 USC 681 et seq 15 USC 683 15 USC 687 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
Public Comment URL: www.regulations.gov | |
RIN Data Printed in the FR: No | |
Agency Contact: Harry Haskins Deputy Associate Administrator, Investment Division Small Business Administration 409 3rd Street SW, Washington, DC 20416 Phone:202 205-6694 Email: harry.haskins@sba.gov |