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

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

  • Type:Notice
    Citation:86 FR 8953
    Reading Time:about 12 minutes

    The Securities and Exchange Commission (SEC) has approved a rule change proposed by The Depository Trust Company (DTC) to update its Corporate Actions Distributions Service Guide. The changes clarify the interim accounting process, especially in cases of securities being delisted or when ex-dates change due to unscheduled stock exchange closures. DTC will no longer apply interim accounting when an ex-date shifts due to unexpected closures, reducing the workload on participants. Additionally, updates were made to the withholding tax regulations for non-U.S. participants. These adjustments aim to improve DTC's operational efficiency and enhance clarity for its participants.

    Simple Explanation

    The SEC said yes to some new rules from a company that helps keep track of who owns parts of big businesses. These rules help make things clearer about how and when to do tricky money counting tricks, especially when things get mixed up by surprise changes, making it easier for everyone to understand and work with.

  • Type:Notice
    Citation:86 FR 8770
    Reading Time:about 13 minutes

    The Bureau of Consumer Financial Protection (CFPB) has established a new system of records called the CFPB.029, Public Health and Safety System. This system, created under the Privacy Act of 1974, is designed to collect and manage information necessary for maintaining a safe and healthy environment during public health emergencies, like pandemics or other incidents. It will include data from individuals who access CFPB facilities or events to trace possible exposures to pathogens or hazardous materials. This system aims to protect all those at CFPB locations and to ensure compliance with relevant health and safety laws and regulations.

    Simple Explanation

    The Consumer Financial Protection Bureau has made a new plan to keep everyone safe if there are health emergencies, like when people get sick during a pandemic. They will use some information from people visiting their places to help make sure no one else gets sick.

  • Type:Notice
    Citation:90 FR 12008
    Reading Time:about 43 minutes

    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.

    Simple Explanation

    Nasdaq wants to let people buy and sell an investment that follows a special kind of cryptocurrency called HBAR, just like trading stock, and they're asking for feedback to make sure it's safe and fair for everyone.

  • Type:Notice
    Citation:90 FR 3828
    Reading Time:about 8 minutes

    The Environmental Protection Agency (EPA) has released a final risk evaluation for diisononyl phthalate (DINP) under the Toxic Substances Control Act (TSCA). The evaluation found that DINP poses an unreasonable risk to human health, particularly due to non-cancer effects like developmental toxicity and liver effects in female workers of reproductive age and other workers exposed to it. The EPA plans to take risk management actions to address these concerns. This includes looking at conditions where exposure to DINP through products like spray adhesives, sealants, and paints may contribute to these health risks.

    Simple Explanation

    The EPA looked at a chemical named DINP and found that it can hurt people’s health, especially their bodies, when they come in contact with certain products like glue and paint. Now, the EPA will create new rules to keep everyone safe around this chemical.

  • Type:Notice
    Citation:86 FR 11806
    Reading Time:about 9 minutes

    The Securities and Exchange Commission has issued a notice regarding an application by Russell Investment Company and others, seeking an exemption from having to hold in-person meetings for approving or amending their sub-advisory agreements. The applicants argue that this exemption would allow quicker decisions and reduce costs, as holding in-person meetings can be impractical due to changing market conditions and geographical diversity of board members. They propose that board members participate in meetings using technology that allows them to hear and potentially see each other. If granted, this relief would apply to current and future series managed by Russell Investment, provided they adhere to specified conditions.

    Simple Explanation

    Russell Investment Company wants permission to have important meetings over the phone or video instead of in person, which they think can save time and money. The rule people are deciding if this is okay and will let them know if they agree.

  • Type:Notice
    Citation:86 FR 2729
    Reading Time:about a minute or two

    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.

    Simple Explanation

    The FAA wants to let go of some airport land in Florida so that it can be used for new government offices instead of airport stuff. People have until February 12, 2021, to say if they think this is a good idea or not.

  • Type:Notice
    Citation:90 FR 11760
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced an extension for determining whether to approve a rule change proposed by the New York Stock Exchange (NYSE). The rule change involves calculating distribution standards on a worldwide basis for certain companies listing on the NYSE. The original deadline for the decision was March 9, 2025, but the SEC has extended this by 60 days to May 8, 2025, to allow more time for consideration. The SEC has not yet received any public comments on this proposed rule change.

    Simple Explanation

    The U.S. Securities and Exchange Commission (SEC) needs more time to decide on a new rule from the New York Stock Exchange (NYSE). This rule is about how they count the number of people who own shares in a company from outside North America. The SEC has given itself until May 8, 2025, to make this decision.

  • Type:Notice
    Citation:90 FR 3231
    Reading Time:about 7 minutes

    The Department of Homeland Security and U.S. Customs and Border Protection (CBP) are collecting public comments on a proposed change to their procedures. This change involves revising the information required for the release of imported goods into the U.S., simplifying the forms used, and introducing new data elements to comply with international sanctions. They aim to use updated forms and optional digital identification data to enhance trade security and efficiency. Public comments are encouraged until March 17, 2025, to be considered in the final rule.

    Simple Explanation

    The government is asking people what they think about making it easier and faster to bring things into the country, like changing some forms and adding new information to make sure everyone follows the rules. They want to hear from people until March 17, 2025.

  • Type:Notice
    Citation:90 FR 638
    Reading Time:about 8 minutes

    The Environmental Protection Agency (EPA) has announced the final risk evaluation for diisodecyl phthalate (DIDP) under the Toxic Substances Control Act (TSCA). The EPA has found that DIDP presents an unreasonable risk to human health, particularly to female workers of reproductive age, due to non-cancer effects like reduced offspring survival linked to inhalation exposure. The EPA will propose regulatory actions to manage these risks, focusing on preventing high exposure levels in certain work scenarios. This review and the ensuing actions are guided by TSCA's requirement to use the best available science to ensure chemical safety.

    Simple Explanation

    The EPA found that a chemical called DIDP can be harmful to people, especially women who are expecting a baby, and they plan to make rules to help keep everyone safe.

  • Type:Notice
    Citation:90 FR 1587
    Reading Time:less than a minute

    The Small Business Administration (SBA) has officially nullified the small business investment company license previously issued to Brookside Mezzanine Fund II, L.P. This action follows the authority provided under section 309 of the Small Business Investment Act of 1958 and specific federal regulations. As a result, Brookside Mezzanine Fund II, L.P. will no longer function under the SBA's small business investment company framework.

    Simple Explanation

    The Small Business Administration (SBA) took back a special permission from a company called Brookside Mezzanine Fund II, L.P., which means this company can no longer use that special permission to help small businesses through the SBA.