Company Act ('40 Act)

The Investment Company Act of 1940 is the legislation that regulates public interests in investment companies, most of which are labeled public companies. The act dictates the rules of investment company registration and regulation.

The Investment Company Act of 1940 is the legislation that protects the investing public's interests in investment companies. The act dictates the rules of investment company registration and regulation. This legislation clearly defines the responsibilities and limitations placed on fund companies. The Investment Company Act of 1940.