Search Results for keywords:"Regulatory Compliance"

The National Securities Clearing Corporation (NSCC) proposed a rule change to modify its fee structure, specifically the Clearing Fund Maintenance Fee. The change aims to exclude cash deposits from Securities Financing Transaction (SFT) accounts from this fee, to encourage broader participation in the SFT clearing service by reducing economic burdens. This proposal is expected to have minimal financial impact on Members while fostering greater access to NSCC's services. The amendment is planned to take effect on January 1, 2025, pending further comments and approval.

The Environmental Protection Agency (EPA) has submitted a request to renew its information collection requirements for sulfuric acid plants. This request, known as the New Source Performance Standards (NSPS) for sulfuric acid plants, is being reviewed by the Office of Management and Budget (OMB) as part of the Paperwork Reduction Act compliance. Public comments have been previously solicited, and the current notice allows for additional comments until January 13, 2025. The regulations aim to ensure that sulfuric acid manufacturing plants follow environmental standards, with an estimated 53 respondents required to provide semiannual updates, amounting to a total estimated burden of 13,500 hours and an annual cost of $2,110,000.

The Board of Governors of the Federal Reserve System is seeking public comments on their plan to extend, without changes, a recordkeeping requirement related to complex structured finance activities. This requirement is meant to ensure that certain financial institutions have policies and procedures for identifying, assessing, and documenting risks associated with these transactions. The Board invites feedback on various aspects, including the necessity, accuracy, and potential burden of these information collections. Comments must be submitted by April 7, 2025.

The Federal Energy Regulatory Commission (FERC) announced the reception of several Natural Gas Pipeline Rate and Refund Report filings. These filings include proposed rate changes and compliance updates from companies like East Tennessee Natural Gas, LLC and Northwest Pipeline LLC, among others. The public is invited to submit comments or protests regarding these filings by May 12, 2025. Additional information on how to file comments and the filing requirements can be found on FERC’s website, and the Commission’s Office of Public Participation is available to assist with public engagement in the process.

The New York Stock Exchange (NYSE) Texas has proposed changes to its fee structure and connectivity services. This proposal would allow users to connect with new third-party systems and data feeds without additional monthly charges, unless they choose those specific services. The changes aim to create more options for users to manage data connections and fees by including new systems like Blue Ocean ATS and MEMX. The plan also outlines regulatory compliance measures and supports competitive market dynamics by providing alternatives that match user needs.

The Federal Aviation Administration (FAA) has issued a rule that requires repair stations outside the United States, which maintain certain U.S. commercial aircraft, to conduct drug and alcohol testing for their employees who perform safety-sensitive tasks. This rule aims to align with local laws where these stations operate and provides several pathways for compliance, such as seeking waivers if local laws conflict with FAA regulations. The rule will take effect in January 2025, with full compliance required by December 2027. This regulation is part of an ongoing effort to ensure aviation safety by ensuring that repair station employees meet similar standards to those in the United States.

The U.S. Nuclear Regulatory Commission (NRC) is considering extending the completion dates for construction permits for the Bellefonte Nuclear Plant in Alabama. The proposed extensions would move the deadlines for completing the two units to October 1, 2021. These changes would not alter the pre-existing environmental impacts since the most disruptive construction work is already completed. The NRC has determined there's no significant impact from extending the permits, so an environmental impact statement is not needed.

The U.S. Nuclear Regulatory Commission (NRC) has submitted a request to renew an existing information collection related to the "Domestic Licensing of Special Nuclear Material" to the Office of Management and Budget (OMB) for review. This collection requires certain entities to provide information about their use of special nuclear material and is crucial for the NRC's licensing and regulatory decisions. The public is invited to submit comments on this proposal by February 22, 2021. The estimated annual response involves 1,214 responses from 200 respondents, requiring a total of 37,050 hours to comply with the requirements.

Rural Development, part of the USDA, is adopting seven Categorical Exclusions (CEs) from the Department of Energy to use in their programs, under the National Environmental Policy Act (NEPA). These CEs will help streamline environmental reviews for projects improving infrastructure like electric power, water systems, and renewable energy in rural areas. The agency has consulted with the DOE to ensure appropriateness and plans to apply these CEs while considering environmental impact safeguards. This decision aims to enhance the efficiency of RD projects while maintaining environmental compliance.

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget to continue collecting information under Rule 17Ad-11. This rule requires transfer agents to report specific discrepancies in securities records and other matters to the SEC and relevant regulatory bodies. The Commission estimates the industry-wide annual time burden is minimal, amounting to about 0.5 hours or a cost of $39 per report. Public comments on the necessity and burden of this information collection are invited until March 31, 2025.