SEC Grants No-Action Relief to Fund Seeking to File Post-Effective Amendment to Registration Statement

The SEC issued no action relief to a fund seeking to file a post-effective amendment to its registration statement pursuant to Rule 486(b). Rule 486(b) requires that a registrant must, among other things, file a post-effective amendment for the purpose of bringing its financial statements up to date, or for making non-material changes, and the registrant must make certain representations concerning the purpose for which the amendment is filed. The fund in question sought to file a post-effective amendment in order to bring the fund’s financial statements up to date and/or to make other non-material changes in connection with a board decision that a continuously effective shelf registration statement would be beneficial to the fund, its shareholders and potential investors.