Interreg is a series of EU regional cooperation programmes funded by ERDF. First launched in 1989, current period (2021-2027) covers 100 programmes. Budget of EUR 10.1 billion, representing 2.8% of European Cohesion Policy
NBFIs are financial institutions without banking licenses or regulatory supervision. They provide bank-related services like investment and risk pooling. Term "non-bank" likely originated as "non-deposit taking banking institution"
SEBI was founded in 1992 as India's securities market regulator. Headquartered in Mumbai with regional offices across India. Comprises over 20 departments supervised by 9 designated officers
Founded in 1947 as Franklin Distributors, Inc. in New York. Named after Benjamin Franklin for his investment philosophy. Charles Johnson became CEO at age 24 in 1957. Headquarters moved to San Mateo, California in 1973
RICs can be mutual funds, ETFs, REITs, or UITs. Pass-through income avoids double taxation for both company and investors. RICs don't pay corporate income taxes on passed-through profits
Investment companies pool investor capital for financial securities management. Most U.S. investment companies are regulated by SEC under 1940 Act. Can be corporations, partnerships, trusts, or LLCs