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No-Action Letter re: Deutsche Bank Microcredit Development Fund, Inc.

Securities and Exchange Commission

April 8, 2011

The SEC released a no-action letter allowing a 501(c)(3) tax-exempt microfinance charity to offer and sell certain notes without registration under the Securities Act or the Investment Company Act, and without qualification under the Trust Indenture Act.

Cross References

Securities Act Section 3(a)(4); Trust Indenture Act Section 304(a)(4)(A); Investment Company Act Section 3(c)(10)(A)(i)

Tags

Regulated Activities
Registration Requirement
Regulated Entities
Issuers of Securities
Regulated Products
Exempt Securities: SA Section 3
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC