Search Results for keywords:"regulatory requirements"

The Commodity Futures Trading Commission (CFTC) has finalized new rules to address several operational challenges faced by Swap Execution Facilities (SEFs) and their market participants. These changes include eliminating the requirement for SEFs to capture and retain post-execution allocation information in their audit trail data. Additionally, the financial resources requirements have been amended to reduce burdens on SEFs while ensuring compliance with regulatory standards. The rules also simplify the duties and reporting requirements of a Chief Compliance Officer, allowing more flexibility and efficiency in SEF operations.

The Federal Emergency Management Agency (FEMA) has released a final rule identifying communities under the National Flood Insurance Program (NFIP) that may have their flood insurance suspended due to failing to comply with floodplain management requirements. Communities can avoid suspension if they submit the necessary documentation showing compliance before the suspension date. Information on community statuses can be accessed on FEMA's website, and updates will no longer be published in the Federal Register. The rule exempts certain federal assistance and clarifies regulatory requirements, while FEMA has determined that this action does not warrant environmental, flexibility, or federalism evaluations.

The Federal Communications Commission (FCC) is seeking public comments on an information collection process under the Paperwork Reduction Act of 1995. This initiative aims to reduce the paperwork burden and improve the efficiency of data collection, especially for small businesses with fewer than 25 employees. The FCC is particularly interested in feedback on whether the proposed data collection is necessary and how it could be improved or minimized. Responses should be submitted by March 26, 2025, through the specified online platforms.

The Food and Drug Administration (FDA) is inviting public comments on a proposed collection of information concerning device classification and regulatory requirements, as part of their responsibilities under the Paperwork Reduction Act of 1995. The information collection supports regulations and guidance under section 513(g) of the Federal Food, Drug, and Cosmetic Act, which outlines how people can request the FDA's views on device classification and applicable requirements. Individuals can submit comments electronically or by mail by March 15, 2021. Comments should focus on the necessity, accuracy, and potential improvements of the proposed information collection process.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by BOX Exchange LLC to establish the Boston Security Token Exchange LLC as a facility for trading securities. This decision was made because the related BSTX Trading Rules Proposal, which outlined how trading would occur and how the exchange would regulate it, was also disapproved. The SEC found that without these approved trading rules, BOX Exchange could not ensure the proposed exchange would operate in a manner consistent with the Exchange Act. Consequently, the proposed rule change did not meet the regulatory requirements set forth by the Exchange Act.

The Federal Railroad Administration (FRA) is informing the public that the National Railroad Passenger Corporation, known as Amtrak, has asked for a change to a previous agreement. This agreement currently requires Amtrak to limit speeds to 125 mph when passing maintenance areas on certain tracks. Amtrak believes its new safety plans, like better barriers and technology, will allow them to safely increase speeds to 160 mph in designated zones. People can share their opinions or comments about this request until April 16, 2025, on the regulations.gov website.

The Department of Labor (DOL) is asking for public comments on a report that deals with keeping records of COVID-19 exposure and incidents in healthcare settings. This request is being reviewed by the Office of Management and Budget (OMB) as per the Paperwork Reduction Act requirements. The report aims to gather information that helps protect healthcare workers from COVID-19 but is currently not being actively enforced. Meanwhile, the DOL is seeking approval to continue collecting this information for three years as it considers removing these requirements altogether.

The Environmental Protection Agency (EPA) has issued a final rule establishing deadlines for states to submit revisions to their air quality plans when a region is reclassified as having worse ozone pollution. This rule specifies the requirements for new deadlines when areas are reclassified under the Clean Air Act, aiming to ensure consistent and timely submission of needed plans to improve air quality. The rule also simplifies the process by removing some past obligations that no longer apply once an area has been reclassified. These changes help to ensure that areas meet national air quality standards effectively.

The Nuclear Regulatory Commission (NRC) has announced the upcoming launch of an online portal, available in Spring 2021, for licensees to request relief by proposing alternatives to certain regulatory requirements. This portal provides additional flexibility and permits the submission of these requests under specific sections of federal regulations. While using the portal is optional, licensees must still satisfy all current communication requirements and provide sufficient information for NRC to conduct technical evaluations. Public access to these requests and their supporting information will be available online.

The Postal Regulatory Commission has released a notice about a recent filing by the Postal Service regarding a negotiated service agreement, seeking public feedback and handling administrative details related to this. The Postal Service's requests include adding or changing agreements in the Competitive product list, with comments due by February 19, 2025. The notice also details the docket numbers, titles, and filing dates for each request, as well as the appointed public representatives. The public can access more information and submit comments through the Commission's online system.