17 C.F.R. § 270.12d1-3 Exemptions for investment companies relying on section 12(d)(1)(F) of the Act.
Title 17 - Commodity and Securities Exchanges
(a) Exemption from sales charge limits. A registered investment company (“acquiring fund”) that relies on section 12(d)(1)(F) of the Act (15 U.S.C. 80a–12(d)(1)(F)) to acquire securities issued by an investment company (“acquired fund”) may offer or sell any security it issues through a principal underwriter or otherwise at a public offering price that includes a sales load of more than 1 (b) Definitions. For purposes of this section, the terms fund of funds, sales charge, and service fee have the same meanings as in rule 2830(b) of the Conduct Rules of the NASD. [71 FR 36655, June 27, 2006]
Title 17: Commodity and Securities Exchanges
PART 270—RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940
§ 270.12d1-3 Exemptions for investment companies relying on section 12(d)(1)(F) of the Act.