Teach Me About SEC (Names Rule)

The Securities and Exchange Commission adopted amendments to rule 35d-1 under the...?

• Investment Company Act of 1940

• New York Stock Exchange

• Rule 394

• Glass-Steagall Act of 1933

What is the purpose of the Names Rule?

• To prevent companies from stealing names.

• To prevent fund names from misrepresenting the fund's investment and risks.

• To call for the separation of commercial banking.

• To create names for companies.

When did the SEC adopt the Names Rule?

• 1949

• 2014

• 2001

• 2000

What are the current requirements for a fund to invest in according to the Names Rule?

• Invest in accordance with its 80% investment policy.

• It will prohibit a registered closed-end fund.

• I have no clue!

• The investment should apply at the time a fund invests its assets.

How long will the rule amendments become effective?

• 3 years

• 5 weeks

• 2 months

• 60 days

How are they modernizing the notice requirement?

• To expressly address funds that use electronic delivery methods.

• Help ensure investors can vote.

• 60 days notice must be provided

• Amendements will require funds with derivatives.

True or False: The amendments for the Names Rule will better serve the Commision's Mission of Investor Protection.

• True

• False

True or False: The amendments regarding the Names Rule help establish additional recordkeeping requirements.

• True

• False

True or False: The Names Rule is under Section 45-d.

• True

• False

True or False: Final amendments preserve the current requirements that a fund's 80% Investment Policy apply under normal circumstances.

• True

• False