October 24, 2024
Haesun Burris-Lee (LAW ’21), Laura C. Giles, Jason A. Leckerman, and Philip M. Dodd discuss possible regulatory hurdles to the proposed merger between PGA Tour and the Public Interest Fund of the Kingdom of Saudi Arabia.
On October 7, 2020, the Securities and Exchange Commission (SEC) adopted Rule 12d1-4 and other amendments under the Investment Company Act of 1940, as amended, which streamline and enhance the regulatory requirements for registered investment companies and business development companies to acquire shares of other funds in excess of the limits in Section 12(d)(1) of the 1940 Act.