Search Results for keywords:"compliance burden"

The Securities and Exchange Commission (SEC) is asking for public comments on the current information collection required by Rule 6h-1 under the Securities Exchange Act of 1934. This rule involves the listing standards for national securities exchanges and associations trading in security futures products, focusing on preventing price manipulation and coordinating trading halts. Public feedback is sought on the necessity, efficiency, and burden of this information collection, and comments can be submitted by May 12, 2025. This process is part of the SEC's efforts to continue complying with the Paperwork Reduction Act of 1995.

The Securities and Exchange Commission (SEC) is asking for public comments on the continuation of a rule under the Paperwork Reduction Act. This rule relates to how certain broker-dealers, called OTC derivatives dealers, calculate their financial risks. Currently, two such dealers use this method, spending about 1,000 hours each year reporting on their risk models. The SEC invites comments on whether the rule is useful, the burden it imposes, and ways to improve information collection.

The Centers for Disease Control and Prevention (CDC) is seeking public comments on a proposal concerning the collection of information related to COVID-19 tests for airline passengers entering the United States. This proposal requires passengers to present either a negative COVID-19 test taken within three days before their flight or documentation of recovery from the virus. There are some exemptions, such as for certain federal personnel and urgent humanitarian cases. The CDC aims to prevent COVID-19 transmission while acknowledging the potential costs and efforts involved in implementing these requirements.

The Federal Communications Commission (FCC) is proposing a new voluntary plan to use the 900 MHz band for broadband purposes. This plan seeks input on changing current rules and procedures to allow the entire ten megahertz of the band to be used for broadband, if applicants reach private agreements. The proposal includes ways to protect existing narrowband operations while supporting new broadband developments and involves substantial changes to application and eligibility criteria. The FCC invites comments on these proposals, with an aim to boost the availability and efficiency of broadband services, especially in critical areas like utilities and infrastructure.

On February 11, 2025, the Bureau of Industry and Security (BIS) will implement a rule to correct license requirements for certain advanced computing integrated circuits under Export Control Classification Number (ECCN) 3A090. This correction revises previous requirements from a rule issued on January 16, 2025, ensuring appropriate measures are in place for controlling these exports. Comments on this correction must be submitted by March 14, 2025. The rule adjusts which entities must provide data to BIS and specifies when worldwide license requirements apply, focusing on structures and performance metrics for integrated circuits.

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) have issued a final rule that changes how small businesses must report their size and socioeconomic status when bidding for government contracts. This rule aligns with the changes made by the Small Business Administration and requires businesses to confirm their status for orders under certain contracts. The updated regulation aims to ensure that orders set aside for small businesses actually go to qualified small businesses, even if their business status changes during the lifecycle of the contract. These changes are effective from January 17, 2025, and include specific conditions under which businesses must update their size and status information.

The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the continued collection of information under Rule 30e-2. This rule requires unit investment trusts (UITs) to send financial reports to their unitholders and allows for "householding," where investors who share an address can receive a single report if they have given assent. The SEC estimates the annual burden for complying with this rule is 15 hours per respondent, affecting about 671 UITs, with a total cost of $4,495,700. Public comments on this request are invited until 30 days after the publication of this notice.

The Securities and Exchange Commission (SEC) is asking for public comments regarding the information collection involved in Rule 13h-1 and Form 13H, which concern the registration of large traders. These are rules that help the SEC gather data about traders who engage in substantial trading activities. The rules require large traders to identify themselves and provide certain information to the SEC, and also require specific broker-dealers to maintain and report transaction records related to these traders. The SEC estimates that complying with these requirements will take about 185,200 hours each year. The public can provide feedback on the necessity and effectiveness of this information collection, aiming to minimize the burden of the process.

The Department of Defense, General Services Administration, and NASA have issued a final rule that updates the Federal Acquisition Regulation to comply with a section of the Frederick Douglass Trafficking Victims Prevention and Protection Reauthorization Act of 2018. This rule mandates that domestic air carriers contracting with the federal government to provide passenger air transportation must submit annual reports with details on training employees to recognize human trafficking, notifications received about potential human trafficking instances, and any actions taken in response. The new requirement applies to commercial services contracts but excludes contracts for commercial products and those awarded by the Department of Defense. The regulation aims to support the fight against human trafficking by ensuring air carriers are vigilant and report suspicious activities.

The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) to extend approval for collecting information under Rule 15c1-5. This rule requires broker-dealers with control relationships to their issuers to notify customers in writing when selling or buying securities. The SEC estimates that around 181 broker-dealers must comply annually, spending a total of about 1,810 hours. People interested in commenting on this information collection can do so within 30 days on the reginfo.gov website.