...is unwilling to vote hi the absence of specified instructions from his Italian principals. (5) It is appropriate in the public interest and consistent...investors and the purposes fairly intended by the policies and provisions of the Investment Company Act of 1940 to grant the exemptive relief hereinafter...

...Commission may, by rules and regulations or order, permit such loans which the Commission deems to be in the public interest and consistent with the protection of investors, and the terms of which the Commission determines to be fair and reasonable and not to involve overreaching...

...classes thereof, from the registration provisions of that Act and the rules and regulations thereunder if and to the extent such exemption is necessary or...consistent with the protection of investors and the policies and provisions of the Act. C. Simplified Formation of Holding Companies The Task Group also...

...relatively higher operating costs and that in order to make due allowance therefor it is necessary or appropriate in the public interest and consistent with the protection of investors that a provision or provisions of paragraph (1), (2), or (3) of subsection (a) relative to sales load...

...provision or provisions of [the Act] or of any rule or regulation thereunder, if and to the extent that such exemption is necessary or appropriate in the...intended by the policy and provisions of [the Act] .* -3Acti and (B) that, In conformity with standard* listed in the Guidelines, It (1) is a bona fide...

...to exempt any person or transaction from any or all provisions of the Investment Company Act if the exemption is "necessary or appropriate in the public...intended by the policy and provisions" of the Act. V The statute requires that the Commission consider all of the terms and circumstances of the offering...

...transactions, from the provisions of this subsection and any regulation thereunder, to the extent that such exemption is necessary or appropriate in the public interest and consistent with protection of investors and purposes fairly intended by the policy and provisions of this subsection....

...persons, securities, or trensactions from any provision of the Act or any rule or regulation under the Act. if and to the extent such exemption is necessary...intended by the policy and provisions of the Act. The Applicants state that under the proposed Plan, a person desiring to dispose of units of one series...

...Commission shall issue an order approving such substitution if the evidence establishes that it is consistent with the protection of investors and the...purposes fairly intended by the policy and provisions of this title. (c) In the event that a trust indenture, agreement of custodianship, or other instrument...

...indenture securities, or transactions subject to any of the Act's requirements upon a finding that such exemption is necessary or appropriate in the...interest and consistent with the protection of investors . - 6 Expanded authority to exempt transactions and persons from provisions of the Act is desirable...