...power to grant exemption from this provision If it was able to find that such exemption was necessary or appropriate in the public interest, and consistent...with the protection of investors and the purposes of the Investment Company Act. Section 12(d) (1) of the net prohibits pyramiding of investment companies...

...power to grant exemption from this provision if it was able to find that such exemption was necessary or appropriate in the public interest, and consistent...with the protection of investors and the purposes of the Investment Company Act. Section 12(d) (1) of the act prohibits pyramiding of investment companies...

...give the Commission authority to grant exemptions from this prohibition "if and to the extent that such exemption is necessary or appropriate in the...purposes fairly intended by the policy and provisions of this title." The staff of the SEC has consistently opposed any grant of employee stock options and...

...transaction, or class or classes thereof, from provisions of the Act or of rules or regulations thereunder, if appropriate in the public interest and consistent...intended by the policy and provisions of the Act. Such exemptive authority would be similar to that granted the Commission in Section (t(c) of the Investment...

...securities, or transactions, from any provision or provisions of the Act, if and to the extent that such exemption is necessary or appropriate in the...public interest and consistent with the protection of the investors and the purposes fairly intended by the policy and provisions of the Act. Section 38...

...vanish when the entities become one. On the record here I am unable to conclude that it is "necessary or appropriate in the public interest" and "consistent with the protection of investors" and consistent with "the purposes fairly intended by the policy and provisions of the Act" to grant the...

...provision or provisions of this title or of any rule or regulation thereunder, if and to the extent that such exemption is necessary or appropriate in the public interest and consistent icith the protection of investors and the purposes fairly intended by the policy and provisions of...

...charge. The Commission could thus permit the maximum sales load to be increased when it found such action appropriate in the public interest and consistent with the protection of investors. For example, the Commission might determine that a higher maximum sales load is appropriate where closed-end...

...regulations then under, if appropriate in the public interest and consistent with the protection < investors and the purposes fairly intended by the policy and provisions of tn Act. Such exemptive authority would be similar to that granted the Cornmissir. in Section file)...

...provision or provisions of this title or of any rule or regulations thereunder, if and to the extent that such exemption is necessary or appropriate in the...purposes fairly intended by the policy and provisions of this title." SEC. 28. The amendments made by this Act shall take effect as follows: (1) The amendments...