Search Results for keywords:"regulatory approval process"

Found 4 results

Search Results: keywords:"regulatory approval process"

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  • 2024-29729 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:89 FR 102144
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from individuals seeking to acquire shares of banks or bank holding companies under the Change in Bank Control Act. These applications, which are open for public inspection, are also available for expedited inquiries through relevant Federal Reserve Banks or the Board's Freedom of Information Office. Interested parties can submit their written comments, which will generally be made public, by January 2, 2025. One specific application involves Christopher M. George from Fremont, California, who has applied to acquire shares in Greenwoods Financial Group, Inc. and indirectly in The Greenwood's State Bank in Wisconsin.

    Simple Explanation

    The Federal Reserve is looking at some requests from people who want to buy parts of banks, and they are letting everyone know so people can say what they think about it. One of the people in line to make a purchase is Christopher from California, and others have until January 2, 2025, to share their thoughts.

  • 2025-04661 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, Regarding Position and Exercise Limits for Options on the iShares Bitcoin Trust ETF
    💰
    Type:Notice
    Citation:90 FR 13233
    Reading Time:about 40 minutes

    On December 20, 2024, Nasdaq ISE, LLC submitted a proposal to the Securities and Exchange Commission to increase the position and exercise limits for options on the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts. This change aims to reflect the high trading volume and demand for IBIT options, allowing more flexibility for investors and market makers. The proposal suggests that increasing the limits would improve market liquidity and efficiency while ensuring effective regulation. The Securities and Exchange Commission is reviewing this proposal and inviting public comments before deciding whether to approve or disapprove the proposed changes.

    Simple Explanation

    Imagine there's a really popular toy called IBIT, and a group wants to allow more people to trade it, so they're asking if they can make the trading limits 10 times bigger. Some people are thinking about whether this is a good idea and want to make sure it won’t cause any problems.

  • 2024-31237 — Accepted Means of Compliance for Small Unmanned Aircraft Category 3 Operations Over Human Beings; Wingtra AG
    Type:Rule
    Citation:89 FR 106308
    Reading Time:about 2 minutes

    The Federal Aviation Administration (FAA) has accepted Wingtra AG's proposal as one valid method for ensuring small unmanned aircraft (sUA) in Category 3 can safely operate over people without causing harm or safety issues. This decision is part of the requirements under Title 14 of the Code of Federal Regulations, which outlines necessary safety standards for these aircraft. However, Wingtra's proposal is not the only way to meet FAA standards; other methods can be submitted for approval. Any changes to Wingtra AG's accepted proposal must also be reviewed and accepted by the FAA.

    Simple Explanation

    Imagine there are toy drones that fly over people, and the airplane boss (FAA) said a company named Wingtra's way of doing this safely is okay, but it’s not the only way you can do it. Other toy drone makers can show the airplane boss their safe ways too!

  • 2025-06661 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the VanEck Bitcoin Trust and the VanEck Ethereum Trust To Permit In-Kind Creations and Redemptions
    Type:Notice
    Citation:90 FR 16579
    Reading Time:about a minute or two

    The Cboe BZX Exchange submitted a proposal to the Securities and Exchange Commission (SEC) to change the rules for trading shares of the VanEck Bitcoin Trust and VanEck Ethereum Trust. This change would allow in-kind creations and redemptions of these shares. The SEC typically has 45 days to approve or disapprove such proposals, but they have decided to extend this deadline to June 3, 2025, to take a closer look at the proposal. This extension will give the SEC more time to consider the details and implications of the proposed changes.

    Simple Explanation

    The people who make rules about buying and selling special types of Internet money want to change some rules, and the grown-ups in charge need more time to think about it. So, they've decided to take a bit longer to make sure everything is okay.