Today, Treasury and the IRS issued final regulations with revisions to examples that illustrate the controlled group rules applicable to RICs.  The final regulations generally adopt the provisions of proposed regulations released in August 2013 with certain clarifications.  The IRS also issued Revenue Procedure 2015-45, which describes conditions under which the IRS will treat a RIC that invests in one or more other RICs as satisfying the asset diversification requirements of section 851(b)(3)(B).