; and (2) to include an item or instruction that is similar to the instruction regarding automatic shelf offerings by well-known seasoned issuers on Form S–3 to provide that a business development company that is a well-known seasoned issuer may file automatic shelf offerings on Form N–2. (d) Treatment if revisions not completed in timely manner If the Commission fails to complete the revisions required under subsections (b) and (c) by the dates described in those subsections, a business development company, during the period beginning on the date that is 1 day after 1 year after the date of enactment of this Act and ending on the date that the Commission completes those revisions, may deem those revisions to have been completed in accordance with the actions required to be taken by the Commission under those subsections. (e) Rules of construction (1) Treatment of successor regulations and forms Any reference in this section to a regulation or form shall be construed as a reference to— (A) that regulation or form, as in effect on the day before the date of enactment of this Act; or (B) any successor to that regulation or form. (2) Distribution of sales material Nothing in this section, or in the amendments made pursuant to the requirements of this section, may be construed to prevent a business development company from distributing sales material under section 230.482 of title 17, Code of Federal Regulations.