SEC Form N-17D-1 Definition

What Is SEC Form N-17D-1?

SEC Form N-17D-1 is a type that are meant to be filed with the Securities and Change Rate (SEC) by way of a small business investment company (SBIC) and by way of a monetary establishment that is affiliated with the SBIC. The form will have to be filed by way of an SBIC approved beneath the Investment Company Act of 1940, and its affiliated monetary establishment.

Figuring out Form N-17D-1

SEC Form N-17D-1 is wanted beneath rule 17D-1 of the Investment Company Act of 1940. It will have to be filed semiannually within 30 days after the highest of the six-month period throughout which probably the most an important following events occurs: investment in a small business concern, or disposition, default, modification or extension of any investment of the SBIC. The SEC uses the tricks to acquire details of transactions by way of SBICs and their affiliated banks.

Filling Out Form N-17D-1

Segment I of Form N-17D-1 states: “If the SBIC and a monetary establishment which is an affiliated explicit individual of each the SBIC, or an affiliated explicit individual of the SBIC, have made investments in a small business concern contemporaneously, or if each the SBIC or such monetary establishment has made an investment throughout the small business concern at a time when there was once an present investment in such small business concern by way of the other, set forth with appreciate to the investments in each such concern by way of the SBIC and the monetary establishment the following wisdom:”

• The name and take care of of the small business concern throughout which investments were made and the nature of its business.  
• The name and take care of of the monetary establishment which made an investment throughout the small business concern and the root of the affiliation of such monetary establishment with the SBIC. 
• An summary, as of the date each such SBIC or monetary establishment investment throughout the small business concern was once made all through the reporting period.
• The use or proposed use by way of the small business concern of the proceeds of the respective investments made all through the period.  
• If the SBIC made an investment contemporaneous with or subsequent to an investment by way of the monetary establishment.
• Details as to any pastime throughout the transactions, and as to any contracts, rights or other benefits received or to be received in connection with the transaction

Segment II of Form N-17D-1 states: “If the SBIC disposed of an investment, or there was once a default inside of the cost of pastime or vital, or an extension or modification of the words of any investment of the SBIC or affiliate, the following wisdom:”

• Decide the investment, and state whether or not or now not there was once involved a disposition, a default by way of the issuer inside of the cost of pastime or vital, or an extension or modification of the words of the investment, and offers whole details thereof.
• If there was once a disposition of the investment, state the quantity of get advantages or loss realized.
• If a loss was once sustained, a default took place, or the words of the investment were extended or modified, describe the circumstances which resulted therein.