Search Results for keywords:"exemptions"

The U.S. Copyright Office is planning to hold public hearings as part of the eighth triennial rulemaking proceeding under the Digital Millennium Copyright Act (DMCA). These hearings will discuss potential exemptions to the DMCA's rules against bypassing technological controls that safeguard access to copyrighted works. Scheduled to take place remotely via Zoom in April 2021, the hearings will give individuals a chance to speak about different proposed classes of exemptions. Interested parties must submit a request to testify by February 24, 2021, providing specific details about their intended testimony.

The Securities and Exchange Commission has published a notice of an application for an order that would allow certain investment companies to participate in a joint lending and borrowing facility. This facility would enable participating funds to lend money directly to, and borrow money directly from one another, to cover unexpected cash shortfalls. The facility aims to offer reduced borrowing costs and enhanced returns on loaned funds, benefiting both borrowing and lending funds. The application, submitted by Symmetry Panoramic Trust and Symmetry Partners, LLC, seeks specific exemptions from various sections of the Investment Company Act of 1940 to implement this interfund lending facility.

The Board of Governors of the Federal Reserve System has proposed a rule to change how Suspicious Activity Reports (SARs) are filed by certain financial institutions, like state member banks and bank holding companies. The rule aims to allow for exemptions from these requirements to help banks more effectively meet Bank Secrecy Act requirements, potentially leading to innovative ways to tackle financial crime. The Board will coordinate with FinCEN on exemption requests and is seeking public comments on the proposal until February 22, 2021. The proposal emphasizes that these exemptions won't relieve institutions from complying with FinCEN’s SAR regulations.

The Environmental Protection Agency (EPA) has finalized a rule to address health risks posed by trichloroethylene (TCE) under the Toxic Substances Control Act. The rule includes prohibitions on the manufacture, processing, distribution, and use of TCE across various industrial and commercial applications, with certain phase-outs and exemptions focusing on critical uses such as in lead-acid battery separators and essential aerospace operations. All consumer uses of TCE are prohibited, and strict workplace controls are mandated for remaining uses until prohibition is fully implemented. These measures aim to eliminate the unreasonable health risks associated with TCE exposure, while providing time for affected industries to transition to safer alternatives.

The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) to extend their approval for collecting specific information as outlined in Rule 239, which involves exemptions for security-based swaps by clearing agencies. This rule ensures that information about these swaps is available to relevant market participants. The SEC estimates that each clearing agency will spend about 2 hours updating this information 20 times a year, resulting in a total of 180 annual reporting hours. The public is invited to comment on the necessity and impact of this information collection by April 4, 2025.

The National Credit Union Administration (NCUA) Board is proposing a rule change that would allow federally insured credit unions to request exemptions from certain requirements for filing Suspicious Activity Reports (SARs). This rule is aimed at providing relief to credit unions that develop innovative ways to comply with the Bank Secrecy Act while ensuring safe and sound practices. The proposal includes a 30-day comment period for public feedback and outlines that exemptions may be granted conditionally or unconditionally after consulting with relevant agencies. This change aims to support financial institutions in using new technologies and approaches for monitoring and reporting financial crimes.

The Federal Motor Carrier Safety Administration (FMCSA) has decided to renew exemptions for eight individuals, allowing them to continue driving commercial motor vehicles despite having epilepsy or a history of seizures. These individuals are taking medication for their condition, and FMCSA has determined that the exemptions provide a safety level equal to or greater than the standard regulations. The exemptions are valid for two years, and can be revoked if safety conditions are not met.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for certain exemptions under the Investment Company Act of 1940. This application seeks permission for certain registered closed-end investment companies to issue multiple classes of shares and to charge early withdrawal fees and asset-based distribution or service fees. The application was filed on November 8, 2024, and interested parties can request a hearing by contacting the SEC by January 3, 2025. Further information and the application details can be accessed on the SEC's website or by contacting the SEC's Public Reference Room.

The U.S. Nuclear Regulatory Commission (NRC) granted 68 exemptions to 26 licensees in response to the challenges posed by the COVID-19 public health emergency. These exemptions provide temporary or permanent relief from certain regulatory requirements, allowing facilities to manage staffing and safety measures more flexibly. Specifically, the record details exemptions related to work-hour controls, emergency preparedness exercises, and security personnel training to ensure operations can continue safely during the pandemic. The NRC is using a single Federal Register notice to compile these exemptions, enhancing transparency about the actions taken during this period.

The U.S. Nuclear Regulatory Commission (NRC) has granted Maine Yankee Atomic Power Company three exemptions from regulations for their Independent Spent Fuel Storage Installation (ISFSI). These exemptions will let Maine Yankee continue using certain practices previously allowed under past amendments when adopting the latest amendment, No. 9, to their Certificate of Compliance for storing nuclear waste. The NRC has determined that these exemptions do not pose any increased safety risks or environmental impacts, ensuring no significant harm to public health or the environment. These changes will not lead to more accidents, more radiation exposure, or affect cultural or historic sites.