Search Results for keywords:"financial transactions"

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Search Results: keywords:"financial transactions"

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  • 2024-29474 — Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to ICC's Treasury Operations Policies and Procedures
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    Type:Notice
    Citation:89 FR 101666
    Reading Time:about 39 minutes

    The Securities and Exchange Commission (SEC) approved changes proposed by ICE Clear Credit LLC (ICC) to its Treasury Operations Policies and Procedures. These changes aim to improve the clarity and accuracy of the Treasury Policy by adding details, correcting errors, and aligning it with current practices. Key revisions include new criteria for settlement banks to provide liquidity information and updates to investment guidelines for better flexibility and security. These amendments are designed to enhance the efficiency and safeguarding of financial transactions handled by ICC.

    Simple Explanation

    ICE Clear Credit LLC made some updates to their rules on how they handle money and investments, and the people in charge of checking these rules said, "Okay, go ahead!"

  • 2024-28425 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:89 FR 96701
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced a notice concerning applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for November 2024. Several companies have applied for deregistration, seeking orders to no longer be considered investment companies after transferring or liquidating assets. Notable names include Aquila Municipal Trust, BCM Focus Funds, Cohen & Steers Alternative Income Fund, Inc., Cook & Bynum Funds Trust, and GL Beyond Income Fund. These applicants have completed financial transactions and distributions, and expenses were generally covered by the investment advisers of the acquiring or liquidating entities.

    Simple Explanation

    The SEC is deciding whether some companies can stop following certain rules because they no longer run the special type of business they did before, like when you stop going to school because you've finished. These companies have given their stuff to other companies, kind of like sharing toys, and some helpers paid for the costs to do this.

  • 2025-05328 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Bank Collective Investment Funds, Prohibited Transaction Class Exemption 1991-38
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    Type:Notice
    Citation:90 FR 14167
    Reading Time:about 3 minutes

    The Department of Labor (DOL) is asking for public comments on a request to collect information related to Bank Collective Investment Funds under the Prohibited Transaction Class Exemption 1991-38. This information gathering is required to ensure that certain financial transactions involving employee benefit plans comply with the rules and are fair and transparent. The document highlights the importance of the collection, potential burden and cost, and welcomes suggestions for improvement. Comments can be submitted by April 28, 2025, and details on how to submit them are provided in the notice.

    Simple Explanation

    The Department of Labor is asking people to share their thoughts on how banks manage certain money to make sure everything is fair, and they want to know if it's easy or hard for businesses to do what they're being asked. They're looking for ideas on how to make it better and people can let them know by April 28, 2025.

  • 2021-01187 — Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Purchases of Bank Checks and Drafts, Cashier's Checks, Money Orders, and Traveler's Checks
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    Type:Notice
    Citation:86 FR 6411
    Reading Time:about 20 minutes

    The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury Department, is seeking comments on renewing a rule about recordkeeping for certain financial transactions. The rule mandates financial institutions to keep records of purchases of items like bank checks and money orders when bought with cash amounts ranging from $3,000 to $10,000. FinCEN is not proposing any changes to the rule itself but wants feedback on improving the process to estimate time and costs for financial institutions to comply with these requirements. Public comments are invited by March 22, 2021, and will help FinCEN refine their data collection and reduce paperwork burdens.

    Simple Explanation

    The government wants to keep track of when people buy special types of checks and orders with money, and they're asking for ideas on how to do it better. They aren't changing the rules but want to know how long it takes and how much it costs for banks to follow these rules.