Investment Management

You state that each Fund’s board of directors or trustees, including a majority of the independent directors or trustees, has concluded that a continuously effective ...

we would not recommend enforcement action to the Commission under Section 7 of the 1940 Act against certain BCTs or any Separate Account in which ...

We would not recommend enforcement action to the United States Securities and Exchange Commission ("Commission") under Section 206(4) of the Investment Advisers Act of 1940 ...

We would not recommend enforcement action to the Commission under section 203 of the Advisers Act if a firm relied on the exemption from registration ...

The Proposals request that the Boards of Trustees of each Fund implement certain procedures to prevent the Funds from holding investments in companies that, in ...

Based on the facts and representations contained in your letter and without necessarily agreeing with your analysis, the Division of Corporation Finance will not recommend ...

This relief involves a business development company arrangement.

You propose that each Division and Feeder Fund, in calculating its portion of annual share registration fees required by Section 24(f)(2) of the 1940 Act ...

This has become standard practice -- providing relief under Advisers Act rule 206-4(3) to permit a guilty party to continue to offer cash solicitation.

      Investment Company Act of 1940 — Section 12(d)(3) Adams Diversified Equity Fund Inc. April 30, 2015 RESPONSE OF THE CHIEF COUNSEL'S OFFICE ...