; 249) under the Securities Act of 1933, are qualified investors. (v) Regulatory oversight requirements (I) The manager of the collateralized loan obligation shall be registered with the Commission as an investment adviser under section 203 of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–3 ). (II) All purchases and sales of the assets of the collateralized loan obligation shall be conducted on an arm’s-length basis and in compliance with any applicable provisions of the Investment Advisers Act of 1940. (vi) Requirements relating to transparency and disclosure A monthly report shall be made available to holders of debt securities of the collateralized loan obligation, which includes information regarding— (I) a list of assets of the collateralized loan obligation, including, with respect to each asset, the obligor name; the CUSIP (or security identifier) if applicable, the interest rate and maturity date, the type of asset, and the market price for each asset where available; (II) with respect to the portfolio of assets, the aggregate principal balance and aggregate adjusted collateral principal amount (adjusted as required by the collateralized loan obligation governing transaction documents) and the percentage of such aggregate adjusted collateral principal represented by each asset; (III) information relating to each applicable over-collateralization test and interest coverage test and the level of compliance in relation to each test; (IV) all purchases, repayments, and sales of assets