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

The New York Stock Exchange (NYSE) has proposed a rule change regarding the compliance plans of listed companies that are below required standards. This change states that the NYSE will not review the compliance plans of companies if they have unpaid fees, and will start suspension or delisting if these fees are not paid on time. The rule was initially published for public comment, but no comments have been received. The Securities and Exchange Commission (SEC) has extended its review period to January 14, 2025, to allow more time to make a decision on the proposal.

The Securities and Exchange Commission (SEC) has approved a rule change proposed by The Nasdaq Stock Market LLC. This change modifies the complimentary service packages offered to companies that switch their listing to Nasdaq, known as "Eligible Switches." Now, companies with a market capitalization of $750 million or more will have access to additional services like the Annual Perception Study, alongside Stock Surveillance or Global Targeting tools, over a four-year period. The new rule also broadens the definition of "Eligible Switch" to include companies switching from any national securities exchange, not just the New York Stock Exchange (NYSE), which is designed to increase competition and bring more value to Nasdaq.

The Securities and Exchange Commission (SEC) has approved rule changes proposed by Nasdaq to enhance the enforcement of listing standards for companies trading on its exchange. The approved changes involve the suspension of trading for companies that have not met the minimum bid price requirement after a second compliance period, even if they appeal the decision. Additionally, Nasdaq will not allow a compliance period for companies that fail to meet the bid price requirement within one year of a reverse stock split. These changes are intended to protect investors by reducing the risk of manipulation and ensuring the integrity of the stock market, particularly by addressing issues with companies that repeatedly fail to meet listing standards.

The United States Small Business Administration (SBA) has declared that the license issued to Patriot Capital II, L.P. to operate as a small business investment company is now null and void. This decision is based on the authority granted under the Small Business Investment Act of 1958 and the corresponding regulations. The announcement was made by Thomas G. Morris, the Acting Associate Administrator and Director of the Office of SBIC Liquidation within the Office of Investment and Innovation.

The National Marine Fisheries Service (NMFS), part of the National Oceanic and Atmospheric Administration (NOAA), has announced the schedule for upcoming workshops in 2025 concerning Atlantic shark identification and safe handling of protected species. These workshops are mandatory for specific fishermen and shark dealers to comply with regulatory requirements. Three Atlantic Shark Identification Workshops are scheduled in Kenner, LA; Fort Pierce, FL; and Wilmington, NC. Three Safe Handling, Release, and Identification Workshops will take place in Marathon, FL; Portsmouth, NH; and Houston, TX. Both workshops aim to improve species identification skills and ensure safe handling practices to help sustain marine species.

In response to requests from industry participants, the Securities and Exchange Commission (SEC) has announced a temporary exemption for institutional investment managers from complying with Rule 13f-2 and Form SHO reporting requirements. Originally set to start on January 2, 2025, the compliance date has been extended to January 2, 2026, giving these managers additional time to adjust their systems and address any operational challenges. This decision was made to ensure the accuracy of the information that will be shared with investors. The SEC believes this extension will help achieve the goals of transparency and accurate data reporting, while balancing the preparation needs of the industry.

The Federal Maritime Commission has updated its list of controlled carriers, which are shipping companies under foreign government control, increasing their regulatory oversight. The list now includes the Chinese-Polish Joint Stock Shipping Company, making it subject to certain requirements to ensure fair competition and prevent disruptive pricing practices. The updated list still includes carriers such as COSCO SHIPPING and HMM, highlighting their ownership by the governments of China and the Republic of Korea. The Commission invites feedback on any potential errors in the list.

The Michigan Department of Environment, Great Lakes, and Energy (EGLE) received a request from Indiana Michigan Power Company for water quality certification related to a project, according to the Federal Energy Regulatory Commission (FERC). This request, which was received on February 25, 2025, falls under the Clean Water Act and the Commission's regulations. Michigan EGLE has a one-year deadline, until February 25, 2026, to act on this request. If they fail to do so, the certification will be waived by default.

The Federal Aviation Administration (FAA) has announced a proposal to release 100.763 acres of land at the South Texas Regional Airport in Hondo, Texas. This land was initially acquired under the Federal Property and Administrative Services Act of 1949 and the Surplus Property Act of 1944. The city of Hondo plans to sell the land, using the proceeds to improve the airport's development, operations, and maintenance. Public comments on this proposal are invited and must be submitted by March 10, 2025.

The United States Small Business Administration announced that the license previously granted to Silver Lake Waterman Fund II, L.P. to operate as a small business investment company is now null and void. This action is in accordance with the Small Business Investment Act of 1958 and relevant federal regulations. As a result, Silver Lake Waterman Fund II, L.P. is no longer authorized to function under this license.