Search Results for keywords:"recordkeeping requirement"

The Securities and Exchange Commission (SEC) is proposing a new exemptive order that would allow broker-dealers to publish quotations for certain securities without meeting existing information review and recordkeeping requirements. This proposal aims to create an "expert market" for sophisticated investors, such as institutional buyers and accredited investors, who can assess investment risks without public information. The order suggests that only these sophisticated investors have access to the market, and it sets out conditions to ensure the quotes remain out of reach for the general public, thus protecting less savvy investors from potential fraud. The SEC is seeking feedback on this proposed change, inviting comments until February 11, 2021.

The Department of Homeland Security's U.S. Customs and Border Protection (CBP) is seeking public comments on their proposal to extend an information collection related to Foreign Trade Zones without changes to the existing requirements. This process is part of the Paperwork Reduction Act of 1995, and comments can be submitted until March 17, 2025. The information collection involves recordkeeping and the submission of certification letters by businesses operating in these zones, with a total estimated annual burden of 299 hours. The CBP wants feedback on the necessity, accuracy, and ways to ease the burden of this information collection.