Investment Company Act of 1940: Primary federal legislation governing investment companies, including investment trusts, providing regulations for registration, disclosure, and operational requirements
Securities Act of 1933: Federal law requiring registration of securities offerings and comprehensive disclosure requirements for public offerings
Securities Exchange Act of 1934: Federal law establishing the SEC and regulating secondary market trading, including ongoing reporting requirements
Investment Advisers Act of 1940: Federal legislation regulating investment advisers, including their registration, fiduciary duties, and disclosure obligations
Internal Revenue Code: Federal tax law containing specific provisions for trust taxation, including rules for investment trusts and pass-through taxation
Dodd-Frank Act: Comprehensive financial reform legislation affecting investment vehicles, including enhanced regulatory oversight and reporting requirements
State Trust Laws: State-specific legislation governing trust formation, administration, and fiduciary responsibilities
Blue Sky Laws: State-specific securities laws regulating the offering and sale of securities to protect investors from fraudulent activities
State Corporate Laws: State-specific legislation governing business entities, including trust organizations and their corporate structure
State Fiduciary Laws: State-specific laws defining fiduciary duties and responsibilities of trustees and investment managers
SEC Regulations: Detailed rules and requirements implemented by the Securities and Exchange Commission for investment trust operations and compliance
FINRA Rules: Self-regulatory organization rules governing broker-dealers and investment professionals involved in trust operations
IRS Trust Regulations: Specific tax regulations governing investment trusts, including classification, taxation, and reporting requirements
REIT Regulations: Special regulations applicable to Real Estate Investment Trusts, if the trust qualifies as a REIT
Disclosure Requirements: Comprehensive rules regarding information that must be provided to investors, including risks, fees, and investment strategies
