Search Results for keywords:"approval process"

The Securities and Exchange Commission (SEC) was notified by the Cboe BZX Exchange, Inc. about a proposed rule change to list and trade shares of the 21Shares Core XRP Trust under a specific rule related to Commodity-Based Trust Shares. An amended version of this proposal was published in the Federal Register on February 21, 2025. Initially, the SEC had 45 days to decide on this proposal, but it has chosen to extend the review period to May 22, 2025, to allow for a more thorough consideration of the proposed changes and any issues that arise. This extension gives the SEC extra time to decide whether to approve or reject the proposal.

The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or acquire control of existing banks or bank holding companies. These applications are available for public inspection at specified Federal Reserve Banks and online. Interested individuals can submit written comments on these applications, which must be received by February 16, 2021. One noteworthy application is from SBWY Financial Corporation in Evanston, Wyoming, to acquire State Bank in Green River, Wyoming.

The Surface Transportation Board has tentatively approved the acquisition of Echo Windy City, LLC, an interstate motor passenger carrier, by TBL Group, Inc., a company that owns several similar carriers. This acquisition will allow Echo Windy to expand its services to include interstate passenger transportation. If no opposing comments are submitted by April 7, 2025, the approval will become final on April 8, 2025. The Board determined that the transaction would benefit the public interest without adversely affecting competition or employees.

The Federal Reserve System has announced a notice concerning several companies seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are submitted under the Bank Holding Company Act and related regulations. The public can view the applications and related documents at specified Federal Reserve Banks and the Board of Governors' offices. Comments from the public are welcomed but must be submitted by April 2, 2025, and should not include any confidential information that shouldn't be publicly disclosed.

The Federal Reserve System has announced that certain companies are seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are open for public inspection and comment. For example, Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan intends to acquire 19.34% of Community Bancshares of Mississippi, Inc. Interested parties must submit their comments by March 18, 2021.

The Food and Drug Administration (FDA) has released a final guidance document titled "Heritable Intentional Genomic Alterations in Animals: The Approval Process." This guidance outlines the FDA's requirements and recommendations for developers working on genetic changes in animals that can be passed down to future generations. The document explains how the FDA evaluates and approves these genetic alterations, addressing concerns such as animal health and food safety. The announcement also notes that the public can submit comments on this guidance through various methods, as described in the Federal Register notice.

The Federal Reserve System has published a notice listing companies that have applied for approval to become bank holding companies or to acquire significant portions of existing bank holding companies, as per the Bank Holding Company Act. The notice invites public comments on these applications, which should be sent to the designated Federal Reserve Bank or the Board of Governors by March 25, 2021. Examples include the Banner County Ban Corporation Employee Stock Ownership Plan and Trust seeking to increase its stake in Banner County Ban Corporation, and Carpenter Acquisition Corporation aiming to become a bank holding company by acquiring First Colorado Financial Corp.

In August 2024, Cboe Exchange proposed a rule change to the Securities and Exchange Commission (SEC) to allow the trading of options on an Ethereum-based product called the Fidelity Ethereum Fund. After reviewing the proposal and receiving comments, the SEC extended its review period to ensure ample time for consideration, setting a deadline of May 2, 2025, to make a decision on whether to approve or disapprove the rule change. The proposal had already been adjusted through an amendment to focus only on the Fidelity Ethereum Fund, limiting the scope and setting specific trading rules for the options.

The Federal Reserve System has announced a notice about several companies seeking approval to become bank holding companies or acquire existing ones. These applications are made under the Bank Holding Company Act of 1956 and related regulations. The public can inspect these applications at designated Federal Reserve Banks or via the Federal Reserve's Freedom of Information Office. Comments on these applications are invited and must be submitted by March 15, 2021.