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

The Environmental Protection Agency (EPA) has finalized a rule to update the list of chemicals required for toxic chemical release reporting under two acts: the Emergency Planning and Community Right-to-Know Act (EPCRA) and the Pollution Prevention Act (PPA). This update adds nine specific chemicals, known as per- and polyfluoroalkyl substances (PFAS), based on a Congressional mandate from the National Defense Authorization Act for Fiscal Year 2020. These PFAS must be reported in the Toxics Release Inventory (TRI) starting with the 2025 reporting year. The rule is effective from February 5, 2025, and aims to improve public and governmental understanding of PFAS releases for better environmental management.

The Securities and Exchange Commission (SEC) is proposing a new exemptive order that would allow broker-dealers to publish quotations for certain securities without meeting existing information review and recordkeeping requirements. This proposal aims to create an "expert market" for sophisticated investors, such as institutional buyers and accredited investors, who can assess investment risks without public information. The order suggests that only these sophisticated investors have access to the market, and it sets out conditions to ensure the quotes remain out of reach for the general public, thus protecting less savvy investors from potential fraud. The SEC is seeking feedback on this proposed change, inviting comments until February 11, 2021.

The Securities and Exchange Commission (SEC) published a notice regarding two applicants, Premier Multi-Series VIT and SEI Insurance Products Trust, seeking orders to stop being classified as investment companies. Premier Multi-Series VIT made a final distribution to its shareholders on April 22, 2020, and incurred expenses of roughly $97,923 in this process. SEI Insurance Products Trust completed a similar process on September 28, 2020, costing around $21,512. Both companies filed official applications in 2020 to formalize their requests with the SEC.

The U.S. Department of Justice (DOJ) announced that it has filed a lawsuit and proposed a Consent Decree to resolve environmental claims against several companies, including General Dynamics-Ordnance and Tactical Systems, Inc., related to hazardous substances at a site in Illinois. Under the proposed agreement, these companies will pay for past cleanup costs incurred by the Department of the Interior (DOI) and the Environmental Protection Agency (EPA) and share future costs. Additionally, certain federal agencies will reimburse General Dynamics-Ordnance and Tactical Systems, Inc., for their share of these costs. The public is invited to comment on this proposed settlement for 30 days following the announcement.

In a document published by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) proposed adding IntelligentCross as a new entrant to the Alternative Display Facility (ADF). This proposal includes modifications to IntelligentCross's ASPEN Fee/Fee matching model, updating its match priority criteria to align more closely with other trading venues. The changes aim to simplify the matching process and ensure fairer execution of trades by prioritizing orders based on price, display type, and the time of receipt. The SEC has opened the proposal for public comment to gather opinions from interested parties.

The Public Company Accounting Oversight Board (PCAOB) has proposed new rules requiring audit firms to disclose more information to improve transparency and oversight. These rules include reporting on financial and governance details, special events, and cybersecurity issues. The changes aim to enhance investor confidence and the PCAOB's regulatory functions. To ease the transition, the new requirements will be implemented in phases, with larger firms required to comply first.

The Department of Justice has lodged a proposed Consent Decree with a court to settle a lawsuit involving the United States, the Commonwealth of Virginia, and FMC Corporation over natural resource damages at a site in Front Royal, Virginia. FMC Corporation will pay over $1.6 million, with most going to the U.S. government's fund for environmental restoration projects, and part to Virginia for similar purposes. Four federal agencies are also involved in the settlement, contributing nearly $2.5 million for restoration projects. The agreement includes a period for public comment and protects the parties from further liability related to this issue as of the settlement date.

The Securities and Exchange Commission (SEC) is implementing a new rule, titled Rule 2a-5, under the Investment Company Act of 1940. This rule sets requirements for how investment companies should determine the fair value of their investments. Key elements include the management of valuation risks, specification of suitable fair value methodologies, and supervision of pricing services used to assess investment value. Additionally, the rule allows investment companies to designate a valuation expert to handle these assessments, provided they remain under the company's board's oversight. Furthermore, a new accompanying Rule 31a-4 mandates recordkeeping requirements to support these fair value determinations.

The Securities and Exchange Commission (SEC) has received a proposal from The Nasdaq Stock Market LLC to list and trade shares of the Canary HBAR ETF under its Commodity-Based Trust Shares rules. The ETF is designed to track the performance of the HBAR cryptocurrency, a native asset of the Hedera Network, through a trust that holds only HBAR and cash. Canary Capital Group LLC sponsors the trust, and the ETF aims to offer exposure to HBAR by following the CoinDesk Hedera USD CCIX 30min NY Rate for pricing. The SEC is seeking public comments on this proposal to evaluate whether it complies with federal regulations and effectively prevents fraud and manipulation.

The Federal Aviation Administration (FAA) intends to release about 17.94 acres of airport property at Brooksville-Tampa Bay Regional Airport in Florida from federal grant conditions to be used for non-aeronautical purposes. This release will allow the Hernando County Board of Commissioners to use the land for relocating and consolidating county government headquarter facilities. The land is valued at $1,794,000 and the public has until February 12, 2021, to comment on this decision.