Search Results for citation:"89 FR 95878"

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Search Results: citation:"89 FR 95878"

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  • 2024-28334 — Antares Private Credit Fund and Antares Capital Credit Advisers LLC
    Type:Notice
    Citation:89 FR 95878
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has published a notice about an application from Antares Private Credit Fund and Antares Capital Credit Advisers LLC. They are seeking an exemption under the Investment Company Act of 1940 to allow certain investment companies to issue multiple classes of shares with different sales fees and service charges. The application was initially filed in May 2024 and amended in November 2024. The SEC will grant the requested relief unless a hearing is ordered, with hearing requests due by December 23, 2024.

    Simple Explanation

    The SEC is thinking about letting a company sell different types of shares that might cost different amounts over time, and people have until December 23, 2024, to ask for a chance to talk about it.

  • 2024-28257 — Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Stock Loan Programs
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    Type:Notice
    Citation:89 FR 95878
    Reading Time:about 74 minutes

    The Securities and Exchange Commission (SEC) has approved a rule change for the Options Clearing Corporation's (OCC) stock loan programs. This change merges OCC's Hedge Program and Market Loan Program into a single, more efficient program. The update aims to simplify the loan process, enhance record-keeping, and expand accessibility for Canadian clearing members while also aligning practices with industry standards. The reform is expected to reduce operational burdens and improve overall effectiveness in managing stock loan transactions.

    Simple Explanation

    The OCC is combining two of its stock loan programs into one to make it easier and clearer for people to manage loans of stocks so Canadian members can join in more easily. The new setup will help save time and reduce the hassle of keeping track of stock loans.