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3C1
What does it mean?
A portion of the Investment Company Act of 1940 that permits the exclusion of investment companies from standard registration requirements with the SEC if they have fewer than 100 U.S. investors.
In Other Words...
This particular section is one of two policies used frequently by hedge fund companies to avoid certain SEC requirements.
Related Links
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Related Terms
3C7 | Hedge Fund | Investment Company Act of 1940
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