Search Results for agency_names:"Investment Company Act Release No. 35487

The Securities and Exchange Commission (SEC) has introduced a new rule to help businesses, especially small and medium-sized ones, raise capital more easily while still protecting investors. This rule simplifies and organizes the framework for certain types of exempt offerings, allowing these businesses to access investment opportunities while closing gaps and reducing complexities in the existing regulations. These changes also include specific new guidelines for how businesses can communicate their offerings and increased limits on how much they can offer and invest. The final rule is effective from March 15, 2021, with some specific provisions effective at varying dates.

The Department of Justice has lodged a proposed consent decree with a North Carolina court involving a lawsuit against Pilkington North America, Inc. for violating the Clean Air Act. The company reportedly failed to secure necessary permits and use technology to control pollutants from its glass manufacturing plant. Under the decree, Pilkington will install equipment to control and monitor emissions and will conduct annual tests. Public comments on this proposal are welcome for 30 days following the notice's publication.

The New York Stock Exchange LLC has proposed a new rule change to adjust the fee structure for limited partnerships that are at least 40% owned by another company already listed on the Exchange. This change would establish a flat fee, which is the minimum annual fee applied, to reflect the cost savings from servicing affiliated listings, such as shared management between the entities. The Exchange believes this adjustment is fair and reasonable, as it would help them compete more effectively for listings in a highly competitive market. This proposed rule change is effective upon filing and is open for public comments.

The Department of Justice has lodged a proposed Consent Decree with the U.S. District Court for the Eastern District of Missouri. The Decree is part of a lawsuit where the U.S. government is seeking recovery of costs related to cleaning up contamination from uranium processing at a site in North St. Louis County. The Cotter Corporation, Norfolk Southern Railway Company, and the U.S. will together pay nearly $164 million for these costs. Public comments on this proposal are invited for thirty days following the notice's publication, and the document can be reviewed online.

On February 27, 2025, Northwest Pipeline LLC filed an application with the Federal Energy Regulatory Commission to acquire, own, and operate a pipeline, as well as to make improvements by adding a compressor station. Portland General Electric Company and others also applied to abandon the pipeline upon its sale. The public is encouraged to participate by commenting, protesting, or filing to intervene in the review process, with the deadline for interventions set for April 3, 2025. The proposed project aims to enhance pipeline capacity and is projected to cost over $60 million.

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) has proposed a rule change to introduce a new fee for its optional service called ClaimConnect. This service allows participants to match and settle cash claim transactions, like payment requests due to trading discrepancies, using a new system. The fee will charge $1.75 per side for matched claims, totaling $3.50 per transaction, to help cover DTC's costs for developing and operating the service. The new fees will be implemented starting January 1, 2021, and participants have the option to continue settling claims through their existing methods if they choose not to use ClaimConnect.

The U.S. Copyright Office issued a final rule under the Music Modernization Act (MMA) to address how digital music providers should handle and report accrued royalties for unmatched musical works. This rule aims to clarify the processes for transferring royalties to the Mechanical Licensing Collective (MLC) while ensuring accurate payments to songwriters and copyright owners. It addresses the necessity of estimates and adjustments to royalties due to unknown factors, like the pending final determination of royalty rates. The rule also considers previous private agreements to prevent double payments while ensuring that unmatched royalties are correctly transferred and accounted for.

The Cboe EDGX Exchange, Inc. has proposed a rule change to amend its fee schedule by introducing a new fee structure for the use of Dedicated Cores, which are CPU resources reserved for single-user order processing. Initially, users can access up to two Dedicated Cores at no extra cost, but fees apply for additional cores, with prices increasing as more cores are used. This system is designed to offer enhanced performance through reduced latency and improved throughput, but its use is entirely optional. The changes are intended to be equitable, ensuring all users have access to similar opportunities without unfair discrimination, while also managing its finite resources effectively.

The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This proposal aims to introduce a new rule, Nasdaq Rule 5712, which would allow the listing and trading of investment products based on commodities and digital assets. Specifically, the rule would facilitate the listing and trading of shares in the Hashdex Nasdaq Crypto Index US ETF. The SEC is inviting comments from the public on this proposed change to ensure it aligns with regulatory standards and protects investors.

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.