3C1
A portion of the Investment Company Act of 1940 that permits the exclusion of investment companies from standard registration requirements with the Securities and Exchange Commission (SEC) if they have fewer than 100 U.S. investors.
Investopedia Commentary
This particular section is one of two policies used frequently by hedge fund companies to avoid certain SEC requirements.
Related Links
A Brief History Of The Hedge Fund
Policing The Securities Market: An Overview Of The SEC
A Brief History Of The Mutual Fund
See also: 3C7, Hedge Fund, Investment Company Act of 1940
