Search Results for citation:"86 FR 354"

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Search Results: citation:"86 FR 354"

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  • 2020-29155 — Proposed Collection; Comment Request
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    Type:Notice
    Citation:86 FR 354
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is inviting comments on the information collection requirements related to Rule 498, as outlined by the Paperwork Reduction Act. Rule 498 allows investment funds to use a Summary Prospectus for delivering key information about fund investments, while the full statutory prospectus is available online. The SEC estimates that about 10,536 funds are using this Summary Prospectus, with a total annual burden of approximately 15,804 hours and cost burden of around $190 million. Comments can help improve these processes and must be submitted within 60 days.

    Simple Explanation

    The Securities and Exchange Commission wants to hear what people think about a rule that lets investment funds share short summaries of their information to save time and paper. They're trying to figure out how much work and money this saves, but some people think they should explain their numbers better and find easier ways for others to help them save even more.

  • 2020-29137 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of a Proposed Rule Change To Amend NYSE Arca Rule 5.2-E(j)(6) Relating to Options-Linked Securities
    Type:Notice
    Citation:86 FR 354
    Reading Time:about a minute or two

    NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend a rule regarding the listing and trading of Options-Linked Securities. This proposal went through a period of consideration, including a time extension by the Commission to decide on approval or disapproval. However, no public comments were received. Ultimately, on December 29, 2020, NYSE Arca decided to withdraw the proposed rule change.

    Simple Explanation

    NYSE Arca wanted to change a rule about trading certain kinds of financial products called Options-Linked Securities, but after thinking about it for a while, they decided to cancel their idea.