SEC Extends No-Action Relief to Parent Company Requesting Subsidiary to Become Investment Adviser

The SEC Division of Investment Management issued a no-action letter to Main Street Capital Corporation ("Parent Company"), a business development company, in response to its request, pursuant to Investment Company Act Section 12(d)(3) ("Functions and Activities of Investment Companies"), to allow its wholly-owned subsidiary to register as an investment adviser under the Investment Advisers Act of 1940.

The subsidiary would, among other things, provide investment advisory services to the Parent Company.

See: SEC No-Action Letter; Main Street Capital Request for No-Action.