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

In an order by the Securities and Exchange Commission (SEC), exemptive relief is granted from certain reporting requirements related to the Consolidated Audit Trail (CAT). This ruling allows national securities exchanges and associations to stop collecting sensitive personal information like names, addresses, and years of birth from customers using transformed Social Security Numbers (SSNs) or Tax Identification Numbers (ITINs). Instead, the focus is on using a system that uniquely identifies customers without storing sensitive data, aiming to balance regulatory needs and personal data security. Broker-dealers will still manage and transform these identifiers, while regulators can request specific information directly when needed.

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 Nasdaq Stock Market LLC proposed a rule that would allow them to deny or impose stricter listing criteria on companies based on their auditors or if their business activities occur in countries with restrictive laws, such as those that limit information access. This proposal was submitted to the Securities and Exchange Commission (SEC), which spent several months reviewing it and considering amendments. However, on February 1, 2021, before a final decision was reached, Nasdaq chose to withdraw the proposed rule change.

The Biopharmaceutical Manufacturing Preparedness Consortium (BioMaP-Consortium) has filed notifications regarding changes in its membership with the Attorney General and the Federal Trade Commission. This was done under the National Cooperative Research and Production Act of 1993, which helps limit the damages antitrust plaintiffs can recover under certain conditions. Several new companies and organizations have joined the consortium, but no other changes have been made to its membership or planned activities. The consortium intends to continue updating its membership changes as they occur.

The U.S. Department of Commerce is ending a review of countervailing duties on ceramic tiles from China for 2023, because there were no qualifying entries by the company in question. An earlier request to evaluate the exporter, Cayenne Corporation Ltd., was made, but it was found that there were no ceramic tiles imported from them during the review period. As a result, the current cash deposit rates for duties will remain unchanged. This decision was made because there were no goods to assess during the review period, so the review is being fully rescinded.

The U.S. Nuclear Regulatory Commission (NRC) is considering allowing the Urenco USA uranium enrichment facility to increase the enrichment level of uranium-235 at its site in Eunice, New Mexico. This change would raise the limit from 5.5% to less than 10% U-235, to support new nuclear fuel technologies. The NRC conducted an environmental assessment and found that this increase would not have a significant impact on the environment, thereby not necessitating a full environmental impact statement. The assessment ensured that both public safety and ecological standards are met, while also consulting state authorities and confirming no adverse effects on historic or endangered species.

The Office of Refugee Resettlement (ORR) within the U.S. Department of Health and Human Services is asking for public comments on changes to information collection forms related to the release of unaccompanied alien children from ORR custody. They plan to update and integrate several forms into a new case management system called UAC Path. These forms help process releases and provide post-release services. The ORR seeks feedback on the necessity, accuracy, and clarity of these forms, and suggestions to reduce the burden on respondents, with comments welcomed within 60 days of publication.

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 Department of the Treasury has issued a final rule to exempt a new system called the Outbound Investment Security Program Notification System from certain parts of the Privacy Act. This system is connected to an Executive Order that deals with national security threats from foreign countries. The exemption aims to protect sensitive information and complies with legal limitations on disclosing certain kinds of data. Public comments were received, highlighting the need for transparency, but the Treasury emphasized that the exemptions are crucial for safeguarding national security and maintaining confidentiality.

The Securities and Exchange Commission (SEC) is considering an application from Fidelity Covington Trust and others to amend a prior order, allowing certain funds to expand their investment options beyond what's currently permitted. The proposal suggests that these funds be able to invest in additional securities, such as fixed income and foreign investments, while adhering to new disclosure requirements to ensure transparency. The application argues that the flexibility in investments would not lead to confusion among investors and wouldn't negatively affect the fund's performance or operations. If granted, the new order would continue to meet the regulatory standards needed for exemption under various sections of the Investment Company Act.