The Investment Company Act of 1940, a US federal law regulating pooled investment vehicles. Tokenized real estate funds must qualify for an exemption from this Act — most commonly under Section 3(c)(5)(C), 3(c)(1), or 3(c)(7) — in the same manner as traditional funds. The SEC has confirmed that the form in which fund interests are represented (including tokens) does not affect the fund’s obligations under the Investment Company Act.
Investment Company Act
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