For purposes of this motion, however, the Section 17(e) parameters are irrelevant because defendants' application sought exemptive relief from the SEC under a different provision of the ICA, namely, Section 17(d), which prohibits an investment company and its affiliates from entering into any contract or arrangement "concerning an enterprise or undertaking whereby [they] have a joint or a joint and several participation, or share in the profits of such enterprise or undertaking." 17 C.F.R. § 270.17d-1(c) (2012). Thus, contrary to plaintiffs' suggestion, nothing in defendants' exemptive application concedes that Section 17(d) of the ICA has no application to securities lending arrangements.

. § 80a-35(b)(3) ...............................................................................................................25 15 U.S.C. § 80a-35(b)(4) .................................................................................................................6 15 U.S.C. § 80a-46(b) ..................................................................................................15, 16, 18, 19 15 U.S.C. § 80a-48 .........................................................................................................................13 15 U.S.C. § 80b-15 ........................................................................................................................15 18 U.S.C. § 1961 ............................................................................................................................15 42 U.S.C. § 1983 ............................................................................................................................15 17 C.F.R. § 270.17d-1 ..............................................................................................................11, 12 Fed. R. Civ. P. 8(d)(3)......................................................................................................................7 Fed. R. Civ. P. 12(b)(6)....................................................................................................................1 Fed. R. Civ. P. 23.1 ....................................................................................................................1, 21 MISCELLANEOUS S. Rep. No. 91-184, 91st Cong., 1st Sess. 16 (1970), reprinted in 1970 U.S.C.C.A.N. 4897....................................................................................................................................20