[Code of Federal Regulations]
[Title 26, Volume 9]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.851-4]

[Page 12]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1--INCOME TAXES--Table of Contents
 
Sec. 1.851-4  Determination of status.

    With respect to the effect which certain discrepancies between the 
value of its various investments and the requirements of section 
851(b)(4) and paragraph (c) of Sec. 1.851-2, or the effect that the 
elimination of such discrepancies will have on the status of a company 
as a regulated investment company for purposes of part I, subchapter M, 
chapter 1 of the Code, see section 851(d). A company claiming to be a 
regulated investment company shall keep sufficient records as to 
investments so as to be able to show that it has complied with the 
provisions of section 851 during the taxable year. Such records shall be 
kept at all times available for inspection by any internal revenue 
officer or employee and shall be retained so long as the contents 
thereof may become material in the administration of any internal 
revenue law.

[T.D. 6598, 27 FR 4090, Apr. 28, 1962]