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

The Securities and Exchange Commission (SEC) is proposing to extend the current collection of information under the Paperwork Reduction Act of 1995 related to investment companies. According to rule 0-1 of the Investment Company Act of 1940, which was amended in 2001, funds relying on specific exemptions must have independent legal counsel whose independence is verified by the fund's independent directors. The SEC estimates that around 1,010 funds need to spend approximately 0.75 hours annually to meet these requirements, with an overall compliance cost of about $175,523. The SEC invites public comments on whether this information collection is necessary and how it can be improved or made less burdensome.

The Securities and Exchange Commission (SEC) is implementing changes to the EDGAR Filer Manual, which outlines how companies should submit electronic filings. These updates, effective from January 30, 2025, include new forms and methods for reporting financial data and changes to existing filing requirements. Among the changes, a new Form SHO will be available for reporting short sales by institutional investors, and new XML-based formats will replace older formats for certain ownership reports. The changes ensure better transparency and align the manual with recent technological and regulatory developments.

The Department of Veterans Affairs (VA) is updating its system of records, specifically the "Health Information Exchange-VA." These changes involve renaming the system, updating contact and location details, and modifying how records are stored and accessed. The updated system focuses on sharing health information to improve veteran care and includes new categories of data and protection measures to ensure data security. The modifications also clarify how information can be shared with other organizations and government agencies while maintaining privacy protections.

The Securities and Exchange Commission (SEC) announced that the Cboe BZX Exchange, Inc. proposed a rule change to list options on the Fidelity Ethereum Fund. This proposal aims to allow trading of options that would make it easier and cheaper for investors to gain exposure to Ethereum, a popular cryptocurrency, without the complexities of dealing directly with the underlying asset. The Exchange argues that this will promote transparency and enhance market competition by moving such trading from the over-the-counter market to a regulated environment. The proposed options would have certain size limits to prevent market manipulation, and the SEC is inviting public comments on this proposal before making a final decision.

The Cboe EDGX Exchange, Inc. filed a rule change with the Securities and Exchange Commission to list and trade options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF, aiming to reflect Ethereum's performance and provide investors exposure to the Ethereum market without direct handling of the cryptocurrency. The Exchange proposes specific position and exercise limits for these options to minimize risks and maintain a fair trading environment. The SEC is seeking public comments on this rule change proposal before making a decision.

The Department of Housing and Urban Development (HUD) is requesting approval from the Office of Management and Budget (OMB) for the 2025 American Housing Survey. This survey aims to provide detailed information about housing quality, costs, and neighborhood assets to support effective housing policies and programs. HUD plans to implement a continuous data collection model, intending to improve efficiency and data accuracy. The public is invited to submit comments on the necessity and utility of the information collection, especially regarding ways to minimize the data collection burden and enhance its quality.

The Federal Communications Commission (FCC) announced the re-establishment of a computer matching program in collaboration with the Universal Service Administrative Company (USAC) and the Nevada Department of Health and Human Services. This program aims to help determine the eligibility of applicants and subscribers for the Universal Service Fund (USF) Lifeline program, which provides discounted broadband and voice services for low-income individuals. It specifically checks if applicants or subscribers in Nevada are enrolled in the Supplemental Nutritional Assistance Program (SNAP) or Medicaid. This initiative is part of efforts to improve the efficiency of the Lifeline program and reduce waste, fraud, and abuse.

The Securities and Exchange Commission (SEC) has approved a new rule proposed by NYSE American LLC to strengthen its listing standards for companies that conduct reverse stock splits. According to the rule, a company will face immediate suspension and delisting if it has executed one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in the past two years, or if its reverse stock split makes it fall below existing listing requirements. The SEC believes this measure will help protect investors by ensuring that companies with financial difficulties do not unduly remain on the exchange by manipulating their stock prices through reverse stock splits. Companies affected by this rule still have the opportunity to challenge delisting decisions.

On February 12, 2025, the California State Water Resources Control Board notified the Federal Energy Regulatory Commission that it received a request from Pacific Gas and Electric Company for a water quality certification related to a project. This request falls under the Clean Water Act section 401(a)(1). The Board has until January 21, 2026, to act on this request. If they fail to make a decision by that date, the request is considered waived, allowing the project to proceed without state certification.

The Securities and Exchange Commission (SEC) has adopted a final rule under the Securities Exchange Act of 1934 to improve transparency in the extraction industry. This rule requires companies involved in the extraction of oil, natural gas, or minerals to report payments made to foreign governments or the U.S. federal government for resource development. Companies must include details about the type and amount of payments, and this information must be presented publicly in a specific electronic format. The rule aims to deter corruption and promote accountability, although some exemptions and delayed reporting options are available to reduce the compliance burden on smaller companies.