Search Results for keywords:"U.S. institutional investors"

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Search Results: keywords:"U.S. institutional investors"

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  • 2025-03271 — Submission for OMB Review; Comment Request; Extension: Rule 15a-6
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    Type:Notice
    Citation:90 FR 10983
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) for approval to extend a rule under the Paperwork Reduction Act. This rule, referred to as Rule 15a-6, allows foreign broker-dealers to perform certain activities with U.S. institutional investors without registering as broker-dealers, provided they meet specific requirements. The SEC estimates that complying with this rule will take U.S. broker-dealers about 6,000 hours annually and cost around $1,000,000 per year. The public can review and comment on this information collection request until March 31, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants permission to keep a rule that lets certain foreign helpers work with people in the U.S. without filling out all the usual forms, but they have to follow special rules. They think it will take a lot of time and money, and they want people to share their thoughts about it by the end of March 2025.

  • 2024-29914 — Proposed Collection; Comment Request; Extension: Rule 15a-6
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    Type:Notice
    Citation:89 FR 103032
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is requesting public comments on an existing rule, Rule 15a-6, which provides certain foreign broker-dealers with conditional exemptions from registering as a broker-dealer in the U.S. if they follow specific guidelines. This rule allows foreign broker-dealers to engage with U.S. institutional investors through registered U.S. broker-dealers. The SEC estimates that complying with this rule takes about 6,000 hours of work annually across approximately 2,000 broker-dealers, costing $1,000,000 in total. Public comments on the necessity and impact of this rule are welcomed until February 18, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that lets foreign businesses talk to U.S. investors without having to register in the U.S., as long as they follow certain rules. They say this takes a lot of work and money each year, and they want opinions on how useful the rule is.