Search Results for citation:"90 FR 15380"

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Search Results: citation:"90 FR 15380"

  • Type:Notice
    Citation:90 FR 15380
    Reading Time:less than a minute

    The U.S. Small Business Administration (SBA) has announced that the license for KLH Capital Fund III, L.P. to operate as a small business investment company is now considered null and void. This action is based on the authority provided by Section 309 of the Small Business Investment Act of 1958 and the related federal regulations. Paul Salgado, the Director of Investment Portfolio Management at the SBA, made this decision official.

    Simple Explanation

    The Small Business Administration (SBA) has decided that KLH Capital Fund III, L.P. can no longer be a special helper to small businesses, like a superhero who is no longer allowed to help save the day.

  • Type:Notice
    Citation:90 FR 15380
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is asking for public comments on the continuation of a rule under the Paperwork Reduction Act. This rule relates to how certain broker-dealers, called OTC derivatives dealers, calculate their financial risks. Currently, two such dealers use this method, spending about 1,000 hours each year reporting on their risk models. The SEC invites comments on whether the rule is useful, the burden it imposes, and ways to improve information collection.

    Simple Explanation

    The SEC wants to know what people think about a rule that helps some special finance companies, called OTC derivatives dealers, figure out their money risks. Only two companies do this now, and it takes them a lot of time, 1,000 hours each year, to report what they find.