Search Results for keywords:"exemptions"

The U.S. Copyright Office is planning to hold public hearings as part of the eighth triennial rulemaking proceeding under the Digital Millennium Copyright Act (DMCA). These hearings will discuss potential exemptions to the DMCA's rules against bypassing technological controls that safeguard access to copyrighted works. Scheduled to take place remotely via Zoom in April 2021, the hearings will give individuals a chance to speak about different proposed classes of exemptions. Interested parties must submit a request to testify by February 24, 2021, providing specific details about their intended testimony.

The Securities and Exchange Commission (SEC) has issued a notice concerning an application by iDirect Private Markets Fund and related entities. They are seeking permission to allow certain investment companies to issue multiple classes of shares and charge fees for distribution and early withdrawal. The application was initially filed in June 2024 and subsequently amended in October 2024. Interested parties have until March 13, 2025, to request a hearing if they wish to contest the application.

The Board of Governors of the Federal Reserve System has proposed a rule to change how Suspicious Activity Reports (SARs) are filed by certain financial institutions, like state member banks and bank holding companies. The rule aims to allow for exemptions from these requirements to help banks more effectively meet Bank Secrecy Act requirements, potentially leading to innovative ways to tackle financial crime. The Board will coordinate with FinCEN on exemption requests and is seeking public comments on the proposal until February 22, 2021. The proposal emphasizes that these exemptions won't relieve institutions from complying with FinCEN’s SAR regulations.

The Federal Motor Carrier Safety Administration (FMCSA) of the Department of Transportation is renewing exemptions for 10 individuals who are deaf or hard of hearing, allowing them to continue driving commercial motor vehicles in interstate commerce. These exemptions are based on FMCSA's assessment that the drivers meet safety standards equivalent to those required by the hearing rules in the Federal Motor Carrier Safety Regulations. The exemptions, effective starting December 16, 2020, will last for two years unless revoked for specific reasons, such as non-compliance or decreased safety levels.

The Environmental Protection Agency (EPA) has finalized a rule to address health risks posed by trichloroethylene (TCE) under the Toxic Substances Control Act. The rule includes prohibitions on the manufacture, processing, distribution, and use of TCE across various industrial and commercial applications, with certain phase-outs and exemptions focusing on critical uses such as in lead-acid battery separators and essential aerospace operations. All consumer uses of TCE are prohibited, and strict workplace controls are mandated for remaining uses until prohibition is fully implemented. These measures aim to eliminate the unreasonable health risks associated with TCE exposure, while providing time for affected industries to transition to safer alternatives.

The Securities and Exchange Commission has published a notice of an application for an order that would allow certain investment companies to participate in a joint lending and borrowing facility. This facility would enable participating funds to lend money directly to, and borrow money directly from one another, to cover unexpected cash shortfalls. The facility aims to offer reduced borrowing costs and enhanced returns on loaned funds, benefiting both borrowing and lending funds. The application, submitted by Symmetry Panoramic Trust and Symmetry Partners, LLC, seeks specific exemptions from various sections of the Investment Company Act of 1940 to implement this interfund lending facility.

The U.S. Department of Energy (DOE) issued a final rule exempting certain records in its newly established system, DOE-42 Nondiscrimination in Federally Assisted Programs Files, from specific provisions of the Privacy Act of 1974. These exemptions are applied to protect investigatory materials used for law enforcement purposes, safeguarding against unauthorized access to sensitive data related to federal civil rights compliance investigations. The DOE addressed public comments on the rule and justified the need for exemptions to enhance the confidentiality and integrity of law enforcement processes while ensuring fairness and due process. The rule becomes effective on January 16, 2025.

The National Credit Union Administration (NCUA) Board is proposing a rule change that would allow federally insured credit unions to request exemptions from certain requirements for filing Suspicious Activity Reports (SARs). This rule is aimed at providing relief to credit unions that develop innovative ways to comply with the Bank Secrecy Act while ensuring safe and sound practices. The proposal includes a 30-day comment period for public feedback and outlines that exemptions may be granted conditionally or unconditionally after consulting with relevant agencies. This change aims to support financial institutions in using new technologies and approaches for monitoring and reporting financial crimes.

The Securities and Exchange Commission (SEC) published a notice regarding an application from the Antares Strategic Credit Fund, Antares Private Credit Fund, and Antares Capital Credit Advisers LLC. They are seeking permission to allow certain registered closed-end investment companies, which operate as business development companies, to issue multiple classes of shares with different sales loads and service fees. The application was initially filed on March 10, 2025, and amended on March 14, 2025. Interested parties can request a hearing by April 8, 2025, by contacting the SEC.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for certain exemptions under the Investment Company Act of 1940. This application seeks permission for certain registered closed-end investment companies to issue multiple classes of shares and to charge early withdrawal fees and asset-based distribution or service fees. The application was filed on November 8, 2024, and interested parties can request a hearing by contacting the SEC by January 3, 2025. Further information and the application details can be accessed on the SEC's website or by contacting the SEC's Public Reference Room.