Rule 3a-5 definition
Examples of Rule 3a-5 in a sentence
The Issuer is not an “investment company” as defined in Section 3(a)(1) of the Investment Company Act, or, alternatively, the Issuer is relying on an exemption from such definition under Rule 3(a)(5) under the Investment Company Act.
The most commonly used exemptions are: Rule 3a-6 for foreign banks; Rule 3a-5 for finance subsidiaries of foreign banks; and Rule 3a-1 for foreign bank holding companies.
PFLLC has been exempted from all provisions of the Investment Company Act of 1940, as amended, including, without limitation, those relating to the offering and sale of securities by PFLLC, pursuant to Rule 3a-5 promulgated under the Investment Company Act of 1940, as amended.
The Company will not engage in any business activities or issue any securities that will result in its not being a finance subsidiary within the meaning of Rule 3a-5 under the Investment Company Act.
PSP Capital seeks to rely on Rule 3a-5 of the 1940 Act with respect to its future offering of Debt Securities and, in turn, its loans of the proceeds of such offerings to PSPIB and companies controlled by PSPIB.