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

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.

The Chemical Safety and Hazard Investigation Board (CSB) is holding a public meeting on March 5, 2021, at 2:00 p.m. EDT, which will be available via an audio conference call. During the meeting, the Board will discuss their progress in achieving its mission and highlight safety initiatives that have been newly released. The public can participate by dialing a specific phone number and entering a passcode provided in advance. For additional assistance or if translation services are needed, Hillary Cohen, the Communications Manager, is the contact person.

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 Securities and Exchange Commission approved proposed changes to the investment policies of the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes are intended to align their policies with new rules for managing U.S. Treasury securities transactions and safeguarding customer margins. The proposal includes a process to keep proprietary and customer funds separate and independently managed, which aims to enhance the stability and security of these financial transactions. The updated policies are meant to ensure that funds are secure and properly managed even in the event of a financial default.

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 Environmental Protection Agency (EPA) has released the MOVES5 model, which is used to estimate emissions from vehicles like cars, trucks, and buses. This model is crucial for creating state implementation plans (SIPs) and transportation conformity analyses, and it incorporates the latest data and regulations on emissions. While it must be used immediately in SIP development, there's a two-year grace period until December 2026 for it to become mandatory in transportation conformity analyses outside of California. The EPA provides guidance and support materials to help users transition to MOVES5, ensuring they can accurately assess vehicle emissions.

The Public Company Accounting Oversight Board (PCAOB) has made amendments to align its rules with changes made by the Securities and Exchange Commission (SEC) to Rule 2-01 of Regulation S-X. These changes aim to reduce duplicate requirements and potential differences by updating standards related to auditor independence, particularly concerning lending arrangements. The SEC reviewed comments from various stakeholders and concluded that the amendments were necessary to safeguard investors and improve audit practices. The rules will apply to audits of emerging growth companies to ensure consistency and improve efficiency within the industry.

The Nuclear Regulatory Commission (NRC) announced its meeting schedule under the Sunshine Act for several weeks in March and April 2025. For the weeks of March 17, March 24, March 31, April 14, and April 21, no meetings are scheduled. However, there are tentative meetings planned for April 8 and April 10, 2025, in Rockville, Maryland, which the public can attend in person or via a webcast. The NRC is committed to accommodating individuals with disabilities and provides contact information for those who may require assistance to participate.