Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 57b-1 -- Exemption for Downstream Affiliates of Business Development Companies
Notwithstanding subsection (b)(2) of section
57 of the Act, the provisions of subsection (a) of that section shall not
apply to any person (a) solely because that person is directly or indirectly controlled
by a business development company or (b) solely because that person is, within
the meaning of section 2(a)(3) (C) or
(D) of the Act, an affiliated person of a person described in (a) of this section.
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