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

The Department of Justice has proposed a consent decree related to a lawsuit against XTO Energy, Inc. for a 2018 gas well blowout in Ohio that released thousands of tons of methane. Under the proposed agreement, XTO would pay $8 million in penalties, conduct an audit of its operations, and undertake projects to reduce methane emissions. The public is invited to comment on this proposal within 30 days of its announcement. The decree can be reviewed online, and comments may be submitted by email or mail.

The Federal Aviation Administration (FAA) is proposing a new airworthiness directive (AD) for certain General Electric engines used in airplanes. This action is due to concerns about a part called the combustion chamber assembly (CCA) which may fail sooner than expected. To prevent this, the FAA wants regular inspections and timely replacements of this component. They are seeking public comments on this proposal until February 10, 2025.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive for Boeing 737 models, prompted by incidents where engine components detached and caused aircraft damage. This rule requires replacing or inspecting specific parts, updating maintenance programs, and addressing potential engine nacelle maintenance errors by using redesigned components and high-visibility paints. The changes aim to prevent conditions that could lead to an aircraft losing control or excessive drag during flight. Compliance is required by April 8, 2025, with the costs estimated at $7,650 per operator for updating programs.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for specific Boeing 737 models due to safety concerns from engine fan blade-out (FBO) events. These incidents caused damage to the aircraft, including cracks in the primary exhaust nozzle. The FAA's directive mandates inspections and modifications, such as the installation of bridge brackets or serviceable nozzles, to ensure safety. Operators must also update their maintenance programs to include new airworthiness limitations to prevent future unsafe conditions.

The Federal Aviation Administration (FAA) has issued a final rule for a new airworthiness directive (AD) affecting all Boeing 737-600, -700, -700C, -800, -900, and -900ER series airplanes. This AD was introduced because two engine fan blade-out events led to engine parts separating from the planes, causing safety issues. The directive requires airlines to replace certain parts on the planes and update maintenance programs to ensure safety. This rule, effective April 8, 2025, aims to prevent future incidents that could lead to loss of control or rapid decompression.

The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

The Securities and Exchange Commission (SEC) issued notices for deregistration applications under Section 8(f) of the Investment Company Act of 1940. Several investment companies, including BNY Mellon Municipal Bond Funds, John Hancock Tax-Advantaged Global Shareholder Yield Fund, List Income Opportunities Fund, and PREDEX, have applied to cease being investment companies. These applicants are transferring their assets to other funds and have made final distributions to shareholders. Each application contains specific details about the asset transfer, final distributions, and expenses incurred.

The Depository Trust Company (DTC) has proposed a plan to raise up to $3 billion through the issuance of senior notes, a type of debt, to strengthen its liquidity resources. This is a part of their strategy to ensure they have enough funds to complete financial settlements even if a major participant fails to meet their obligations. By diversifying their sources of liquidity, they aim to reduce dependency on current credit facilities and manage financial risks better. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal.

The Environmental Protection Agency (EPA) has proposed changes to the Toxics Release Inventory (TRI) regulations to explicitly include certain per- and polyfluoroalkyl substances (PFAS) in the list of "toxic chemicals," as those are automatically added under the National Defense Authorization Act (NDAA) starting January 1, following specific criteria. This clarification ensures that suppliers must notify their customers about products containing these PFAS at the beginning of each year. The action aims to align regulations with existing NDAA provisions without adding new requirements, merely clarifying when notifications must occur. Comments on this proposal are open until February 18, 2025.

The Department of Justice has proposed a Consent Decree with PennEnergy Resources, LLC, related to a lawsuit over Clean Air Act violations at its facilities in Pennsylvania. The alleged violations involve improper design and maintenance of vapor control systems, leading to air pollution. Under the decree, PennEnergy must enhance its facilities' systems, undertake an environmental project, and pay a $2 million penalty. The public can comment on this decree within 30 days, and the details are available on the Justice Department's website.