Search Results for citation:"90 FR 10963"

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Search Results: citation:"90 FR 10963"

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  • 2025-03280 — Submission for OMB Review; Comment Request; Extension: Order Granting a Conditional Exemption Under the Securities Exchange Act of 1934 From the Confirmation Requirements of Exchange Act Rule 10b-10(a) for Certain Transactions in Money Market Funds
    Type:Notice
    Citation:90 FR 10963
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) is requesting approval from the Office of Management and Budget (OMB) to extend the information collection related to an exemption for certain transactions in money market funds. This exemption, issued in 2015, allows broker-dealers to send transaction information to investors on a monthly basis instead of immediately, in specific cases. As of the end of 2023, around 206 broker-dealers would need to provide these notifications, and the SEC estimates this will only require about 1.8 hours of work per broker-dealer each year. The public is invited to comment on this request by March 31, 2025.

    Simple Explanation

    The SEC is asking if it's okay to keep letting some people send reports about money they manage once a month instead of right away, and they want to know what people think about this by March 31, 2025.

  • 2025-03279 — Submission for OMB Review; Comment Request; Extension: Rule 17a-8
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    Type:Notice
    Citation:90 FR 10963
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has issued a notice under the Paperwork Reduction Act of 1995, requesting an extension for the collection of information related to Rule 17a-8. This rule involves mergers of affiliated investment companies and requires specific procedures such as board approvals and evaluations for assets when merging with an unregistered entity. The average annual burden is estimated at 7 hours per fund, with a total annual cost for all funds estimated at $3,151,248. The public can submit comments on the usefulness and burden of this information collection until March 31, 2025.

    Simple Explanation

    The government is checking if they still need a rule that helps school clubs (funds) merge with clubs not part of their group, and they want to make sure this isn't too hard or expensive for the clubs. They're asking people to say if they think the rule is good or bad before the end of March 2025.