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3C7
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 all U.S. investors are considered to be "qualified purchasers" or "accredited investors."
In Other Words...
This particular section is one of the policies used frequently by hedge fund companies to avoid certain SEC requirements.
Related Links
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Related Terms
3C1 | Accredited Investor | Hedge Fund | Investment Company Act of 1940
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