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Rajib Chanda Quoted in Debtwire on the Impact of AFFE Exemption for BDCs
12.20.18
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Corporate Partner Rajib Chanda was quoted in a Debtwire article titled “BDC experts cautious that optimism on potential AFFE rule exemption could be overstated.” The article highlights the potential impact that the Acquired Fund Fees and Expenses (AFFE) rule exemption might have on business development companies (BDCs), as well as the other regulatory challenges they face. In the article, Rajib discusses the influence that the SEC’s BDC ownership rules have on institutional investor engagement in the companies. The ownership rules are not a central issue in that institutional owners often invest through multiple pools of capital, and the SEC has also exempted investment companies from the rule on a case-by-case basis, he said.