SEC FORM N-54A

SEC Form N-54A is also referred to as the Notice of Intent to Elect to be Subject to Section 55 through 65 of the Investment Company Act of 1940 Filed Pursuant to Section 54(a) of the Act. This means that SEC Form N-54A is a filing used to be subjected to the provisions of to Section 55 through 65 of the Investment Company Act of 1940 to be submitted by business development companies (BDCs) under the Securities and Exchange Commission. Sections 55 through 65 is concerned with the asset acquisition by BDCs, directors’ qualifications, certain affiliates’ transactions, investment policy rectifications, title provisions’ incorporation, BDCs’ functions and activities, loans, capital structure, the securities’ distribution and repurchase, records and accounts, preventing compliance with title and liability of controlling persons.