Search Results for keywords:"compliance date extension"

Found 2 results
Skip to main content

Search Results: keywords:"compliance date extension"

  • Type:Rule
    Citation:89 FR 107021
    Reading Time:about 25 minutes

    FMCSA, part of the Department of Transportation, has extended the compliance deadline for certain parts of the "Broker and Freight Forwarder Financial Responsibility" rule from January 16, 2025, to January 16, 2026. This extension gives brokers, freight forwarders, and others additional time to prepare for and use a new online registration system that isn't expected to be ready until 2025. Despite opposition from some groups who argue the delay is excessive, FMCSA claims the extension will aid in a smoother transition and provide time for training. The final rule aims to enhance the tracking of financial responsibilities and streamline administrative processes related to broker and freight forwarder operations.

    Simple Explanation

    FMCSA, a group that makes rules for truck helpers, decided to give people more time (one extra year) to start using a new computer system to keep track of money because their system isn't ready yet. Some people aren't happy about the delay, but FMCSA thinks it will help everyone get used to the new system.

  • Type:Rule
    Citation:90 FR 13076
    Reading Time:about 29 minutes

    The Securities and Exchange Commission (SEC) is extending the compliance deadlines for certain investment company name regulations initially set to avoid misleading investors. For fund groups with over $1 billion in assets, the compliance date is postponed from December 11, 2025, to June 11, 2026, while for smaller fund groups, it's moved from June 11, 2026, to December 11, 2026. The SEC is making these changes to help investment companies and their service providers, who are facing difficulties in meeting the original deadlines due to the complexity and costs involved. The new rule allows funds to align their compliance with their fiscal year-end obligations, reducing the need for costly off-cycle amendments.

    Simple Explanation

    The SEC is giving investment companies more time to change their names so they're not misleading. Big companies have to switch by June 2026, and smaller ones by December 2026, to make sure they can do it smoothly without extra hassle.