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15 U.S.C. § 80a-17

Section 80a-17 - Transactions of certain affiliated persons and underwriters
Section 80a-17 - Transactions of certain affiliated persons and underwriters

2 Analyses of this statute by attorneys

  1. COVID-19 Coronavirus Business Impact: Repurchasing Equity and Debt: Potential Techniques and Pitfalls for BDCs and CEFs

    Dechert LLPWilliam BielefeldMay 19, 2020

    However, any issuer borrowing under the program may not repurchase the issuer’s or any parent company’s equity securities listed on a national securities exchange until twelve months after the loan is no longer outstanding, except to the extent required by a contractual obligation in effect prior to the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.32Footnotes1 Note that these are the general tender offer requirements and not the special requirements for funds conducting a “periodic” tender offer for common stock under Rule 23c-3 of the Investment Company Act of 1940.2 17 CFR 240.14e-1 et seq.3 17 CFR 240.14d-104 17 CFR 240. 13e-3; 17 CFR 240. 13e-4; 17 CFR 240. 14d-35 17 CFR 240. 13e-3; 17 CFR 240. 13e-4; 17 CFR 240. 14d-46 17 CFR 240. 13e-4; 17 CFR 242.1007 Wellman v. Dickinson, 475 F.Supp. 783 (SDNY 1979).8 15 U.S. Code § 80a–17; 15 U.S. Code § 80a–29 15 U.S. Code § 80a–2310 15 U.S. Code § 80a–23(c)(1)11 15 U.S. Code § 80a–23(c)(2)12 Investment Company Act Release No. 33817 (Mar. 13, 2020), available at https://www.sec.gov/rules/other/2020/ic-33817.pdf13 15 U.S.C. § 78j; 17 CFR § 240.10b-514 17 CFR § 240.10b5-1(c)15 17 CFR Part 24316 17 CFR § 229.70317 17 CFR § 229.303; 17 CFR § 229.40418 NYSE Listed Company Manual § 202.5; NYSE Listed Company Manual § 202.6; Nasdaq Listing Rule 5250(b)19 NYSE Listed Company Manual § 204.25; Nasdaq Listing Rule 5250(e)(1)20 17 CFR § 240.16a-221 17 CFR § 240.13d; 17 CFR § 240.13g22 17 CFR § 240.9a-2; 17 CFR § 240.10b23 17 CFR § 240.19b-1824 Id.25 17 CFR 242.100 et seq.26 8 Del C. § 16027 8 Del C. § 15428 12 Del C. § 3806(a)29 E.g., Del. Code Ann. tit. 6, chapter 13; see also 11 U.S. Code § 54830 5 Del. C. § 174; 5 Del. C. § 102(b)(7)31 Press Release, Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program (April 30, 2020),

  2. Financial Services Quarterly Report - First Quarter 2013: Dealing With Investment Errors: A U.S. Perspective

    Dechert LLPMarch 25, 2013

    avail., Feb. 12 2007). 16 15 U.S.C. § 80a-17(i). 17Lerner, supra n.4 (an investment adviser “is responsible for losses from an inaccurate or erroneous order placed for an advised account”).