Search Results for agency_names:"Investment Company Act Release No. 35487

The Securities and Exchange Commission (SEC) has approved changes to the Nasdaq Stock Market's initial listing requirements on an accelerated basis. These changes require that companies listing on the Nasdaq Global Market or Nasdaq Capital Market through an initial public offering (IPO) meet a minimum market value of publicly held shares solely with the proceeds from the offering. Additionally, companies uplisting from the U.S. over-the-counter market will also need to meet this requirement using only IPO proceeds. The purpose of these changes is to enhance liquidity and stability for newly listed securities.

The Securities and Exchange Commission (SEC) is extending the compliance deadlines for certain investment company name regulations initially set to avoid misleading investors. For fund groups with over $1 billion in assets, the compliance date is postponed from December 11, 2025, to June 11, 2026, while for smaller fund groups, it's moved from June 11, 2026, to December 11, 2026. The SEC is making these changes to help investment companies and their service providers, who are facing difficulties in meeting the original deadlines due to the complexity and costs involved. The new rule allows funds to align their compliance with their fiscal year-end obligations, reducing the need for costly off-cycle amendments.

The Securities and Exchange Commission (SEC) has approved a rule change by the New York Stock Exchange (NYSE) that restricts certain companies from using reverse stock splits to continue being listed on the exchange. This new rule targets companies that repeatedly use reverse stock splits, especially if they have done so in the past year or have a significant reverse split history in the last two years. The SEC believes this rule will help protect investors by ensuring that companies listed on the exchange are financially stable and suitable for continuing public trading. Companies can still appeal if they are delisted due to these new rules.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for specific Boeing 737 models due to safety concerns from engine fan blade-out (FBO) events. These incidents caused damage to the aircraft, including cracks in the primary exhaust nozzle. The FAA's directive mandates inspections and modifications, such as the installation of bridge brackets or serviceable nozzles, to ensure safety. Operators must also update their maintenance programs to include new airworthiness limitations to prevent future unsafe conditions.

The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

The Securities and Exchange Commission (SEC) issued notices for deregistration applications under Section 8(f) of the Investment Company Act of 1940. Several investment companies, including BNY Mellon Municipal Bond Funds, John Hancock Tax-Advantaged Global Shareholder Yield Fund, List Income Opportunities Fund, and PREDEX, have applied to cease being investment companies. These applicants are transferring their assets to other funds and have made final distributions to shareholders. Each application contains specific details about the asset transfer, final distributions, and expenses incurred.

The Securities and Exchange Commission (SEC) has approved a proposed rule change allowing the NYSE Arca to list and trade shares of the Bitwise Bitcoin and Ethereum ETF under a specific rule for Commodity-Based Trust Shares. This ETF will hold both bitcoin and ether based on their market capitalizations, aiming to provide exposure to these cryptocurrencies while covering operational expenses. The SEC's approval was granted on an accelerated basis after the exchange modified its proposal to ensure transparency and fair trading practices, aligning it with other similar exchange-traded products. The public is invited to submit comments on the proposal until February 26, 2025.

The Department of Justice has announced a proposed Consent Decree with BCP Ingredients, Inc. over violations of the Clean Air Act due to the release of ethylene oxide at their Missouri facility. Under this agreement, BCP will pay a $300,000 fine, install new equipment to reduce emissions, and conduct three community projects worth $350,000. These projects include donating vehicles and medical supplies, providing medical visits, and supplying emergency response equipment. The public can comment on this decree within 30 days of its announcement.

The Federal Energy Regulatory Commission (FERC) is inviting the public to comment on the ongoing information collection requirements associated with FERC Forms No. 60, 61, and 555A. These forms are necessary for monitoring centralized service companies and ensuring they adhere to the standards set by the Energy Policy Act and the Public Utility Holding Company Act. The comment period is open until April 8, 2025, and submission guidelines are detailed on the FERC website. The request seeks input on the usefulness of these information collections, the accuracy of FERC's burden estimates, and suggestions for improving data quality and minimizing reporting burdens.

The Environmental Protection Agency (EPA) has finalized a rule to update the list of chemicals required for toxic chemical release reporting under two acts: the Emergency Planning and Community Right-to-Know Act (EPCRA) and the Pollution Prevention Act (PPA). This update adds nine specific chemicals, known as per- and polyfluoroalkyl substances (PFAS), based on a Congressional mandate from the National Defense Authorization Act for Fiscal Year 2020. These PFAS must be reported in the Toxics Release Inventory (TRI) starting with the 2025 reporting year. The rule is effective from February 5, 2025, and aims to improve public and governmental understanding of PFAS releases for better environmental management.