Investment Company Act
/ˈɪnvɛstmənt ˈkʌmpəni ækt/
Definitions
- (n.) A U.S. federal law enacted in 1940 that regulates the organization and activities of investment companies to protect investors.
The Investment Company Act imposes strict disclosure requirements on mutual funds.
Forms
- investment company act
- investment company acts
Related terms
See also
Commentary
The Act primarily governs the structure and operations of investment companies to ensure transparency and protect investors; drafters should note its interplay with the Securities Act of 1933 and the Investment Advisers Act of 1940.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.