Search Results for keywords:"Regulatory Oversight"

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Search Results: keywords:"Regulatory Oversight"

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  • 2021-00796 — Delegation of Authority to The Deputy Comptroller Charleston of Certain Authorities Regarding Debt Collection and Waiver of Claims
    Type:Notice
    Citation:86 FR 4169
    Reading Time:about a minute or two

    The Department of State has issued a delegation of authority that allows the Deputy Comptroller in Charleston, South Carolina, to manage debt collection activities. This includes the power to waive interest, penalties, and costs, as well as to compromise, suspend, and end the collection of claims against debtors of the Department. The delegation is made under various U.S. laws and regulations, and the authority cannot be re-delegated to others. This delegation of authority will be published in the Federal Register.

    Simple Explanation

    The Department of State gave a special job to the Deputy Comptroller in Charleston to handle situations when people owe the department money, like deciding if they can pay less or not pay extra fees. This decision is written down in an important paper that everyone can see.

  • 2021-02993 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Adopt Additional Initial Listing Criteria for Companies Primarily Operating in Jurisdictions That Do Not Provide the PCAOB With the Ability To Inspect Public Accounting Firms
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    Type:Notice
    Citation:86 FR 9549
    Reading Time:about 37 minutes

    The Nasdaq Stock Market LLC proposed new rules requiring additional criteria for companies primarily operating in regions where the Public Company Accounting Oversight Board (PCAOB) cannot inspect public accounting firms, referred to as "Restrictive Markets." These rules mandate that these companies meet minimum offering sizes or public float percentages to list on Nasdaq in connection with Initial Public Offerings (IPOs) or business combinations. The goal is to enhance investor protection by ensuring that enough shares are available to support stable trading and prevent fraudulent activities, particularly in markets with limited regulatory oversight. The proposed changes aim to ensure sufficient investor interest and market liquidity for companies from Restrictive Markets when listing on Nasdaq.

    Simple Explanation

    Nasdaq wants to make sure companies from places where important financial checks can't happen have to be bigger or have more shares available to be traded, so people won't get tricked and trading can go smoothly.