Management and ownership diversity requirement.

CFR · 2024-01-01 · US · Title 13

(a) (b) (c) (1) Entities whose overall activities are regulated and periodically examined by state, Federal or other governmental authorities satisfactory to SBA; (2) Entities listed on the New York Stock Exchange; (3) Entities that are publicly-traded and that meet both the minimum numerical listing standards and the corporate governance listing standards of the New York Stock Exchange: (4) Public or private employee pension funds; (5) Trusts, foundations, or endowments, but only if exempt from Federal income taxation; and (6) Other Institutional Investors satisfactory to SBA. (d) (e) (1) Notify SBA within 10 days; and (2) Re-establish diversity within six months.

official document · source cfr-2024 · id 13:§ 108.150