• US Securities and Exchange Commission Issues Concept Release and Request for Comments Regarding Investment Company Exclusion under Section 3(c)(5)(C) of the Investment Company Act of 1940
  • September 22, 2011 | Authors: Leslie S. Cruz; J. Paul Forrester; John W. Noell; Matthew A. Posthuma; Jon D. Van Gorp
  • Law Firms: Mayer Brown LLP - Washington Office ; Mayer Brown LLP - Chicago Office
  • On August 31, 2011, the United States Securities and Exchange Commission (SEC), in Release No. IC-29778 (Release), provides a concept release and requests public comments regarding mortgage-related pools, including certain real estate investment trusts (REITs) and issuers of mortgage-backed securities, that rely on the exclusion under Section 3(c)(5)(C) of the Investment Company Act of 1940 (ICA or 40 Act).