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The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .
Form N-1A is a registration statement used by investment companies to create new open-end mutual funds. A company must file this form with the Securities and Exchange Commission's EDGAR filing system. Companies file an N-1A under the Investment Company Act of 1940 if they wish to register shares of the
Thus, the Standard Industrial Classification system was born. SIC codes are four-digit numerical representations of major businesses and industries. SIC codes are assigned based on common characteristics shared in the products, services, production and delivery system of a business.
The Investment Company Act of 1940 (commonly referred to as the '40 Act) is an act of Congress which regulates investment funds. It was passed as a United States Public Law ( Pub. L. 76–768 ) on August 22, 1940, and is codified at 15 U.S.C. §§ 80a-1 – 80a-64 .
2. Evaluate your investments and take your RMDs. Early 2025 is an ideal time to review your investment strategy to make sure your portfolio is still on the right track to meet your goals.
This same year, what would become ICI was established in New York as the National Committee of Investment Companies, an organization to aid in the administration of the act. [3] It became the National Association of Investment Companies (NAIC) in 1941, and then the Investment Company Institute in 1961. [4]
Educational Requirements: A bachelor’s degree from an accredited institution is mandatory for CMA candidates, with the IMA requiring official transcripts as proof of educational qualifications.
Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least five types ...