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SEC Issues No-Action Letter to Gabelli Convertible Income Securities Fund Regarding Shelf Registration Statements

The SEC's Division of Investment Management issued a no-action letter to several closed-end funds, stating that the SEC will not take action against any of the funds if such funds update their shelf registration statements by filing post-effective amendments under Securities Act Rule 486(b). Post-effective amendments filed pursuant to Rule 486(b) are effective on the date of filing; therefore, the funds' shelf registration statements will be continuously effective.

See:No-Action Letter.Related news: Investment Management Update (July 2013).

Tags

Regulated Activities
Distribution Procedures
Sub-Activity
Shelf Offerings (SA Rule 415)
Regulated Entities
Adviser / CTA / CPO
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC