# 17 C.F.R. § 270.0-10 (2026): Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act > Federal · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_10 ## Section - **Citation:** 17 C.F.R. § 270.0-10 (2026) - **Heading:** Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act - **Jurisdiction:** Federal - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Title 17 CFR: Commodity and Securities Exchanges / Chapter II: SECURITIES AND EXCHANGE COMMISSION / Part 270: RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 / § 270.0-10: § 270.0-10 Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act. ## Text (a) General. For purposes of Commission rulemaking in accordance with the provisions of Chapter Six of the Administrative Procedure Act (5 U.S.C. 601 et seq. ) and unless otherwise defined for purposes of a particular rulemaking, the term small business or small organization for purposes of the Investment Company Act of 1940 shall mean an investment company that, together with other investment companies in the same group of related investment companies, has net assets of $50 million or less as of the end of its most recent fiscal year. For purposes of this section: (1) In the case of a management company, the term group of related investment companies shall mean two or more management companies (including series thereof) that: (i) Hold themselves out to investors as related companies for purposes of investment and investor services; and (ii) Either: (A) Have a common investment adviser or have investment advisers that are affiliated persons of each other; or (B) Have a common administrator; and (2) In the case of a unit investment trust, the term group of related investment companies shall mean two or more unit investment trusts (including series thereof) that have a common sponsor. (b) Special rule for insurance company separate accounts. In determining whether an insurance company separate account is a small business or small entity pursuant to paragraph (a) of this section, the assets of the separate account shall be cumulated with the assets of the general account and all other separate accounts of the insurance company. (c) Determination of net assets. The Commission may calculate its determination of the net assets of a group of related investment companies based on the net assets of each investment company in the group as of the end of such company's fiscal year. [63 FR 35514, June 30, 1998] ## Nearby sections - [17 C.F.R. § 270.0-1 (2026) § 270.0-1 Definition of terms used in this part.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_1.md) - [17 C.F.R. § 270.0-2 (2026) § 270.0-2 General requirements of papers and applications.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_2.md) - [17 C.F.R. § 270.0-3 (2026) § 270.0-3 Amendments to registration statements and reports.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_3.md) - [17 C.F.R. § 270.0-4 (2026) § 270.0-4 Incorporation by reference.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_4.md) - [17 C.F.R. § 270.0-5 (2026) § 270.0-5 Procedure with respect to applications and other matters.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_5.md) - [17 C.F.R. § 270.0-8 (2026) § 270.0-8 Payment of filing fees.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_8.md) - [17 C.F.R. § 270.0-10 (2026) § 270.0-10 Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_10.md) - [17 C.F.R. § 270.0-11 (2026) § 270.0-11 Customer identification programs.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_11.md) - [17 C.F.R. § 270.2a-1 (2026) § 270.2a-1 Valuation of portfolio securities in special cases.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_1.md) - [17 C.F.R. § 270.2a-2 (2026) § 270.2a-2 Effect of eliminations upon valuation of portfolio securities.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_2.md) - [17 C.F.R. § 270.2a-4 (2026) § 270.2a-4 Definition of “current net asset value” for use in computing periodically the current price of redeemable security.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_4.md) - [17 C.F.R. § 270.2a-5 (2026) § 270.2a-5 Fair value determination and readily available market quotations.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_5.md) - [17 C.F.R. § 270.2a-6 (2026) § 270.2a-6 Certain transactions not deemed assignments.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_6.md) - [17 C.F.R. § 270.2a-7 (2026) § 270.2a-7 Money market funds.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_7.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_10. 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