Search Results for keywords:"compliance"

The Securities and Exchange Commission (SEC) is seeking to extend its current rules on collecting information under the Paperwork Reduction Act of 1995. Rule 22e-3 allows money market funds to suspend redemptions temporarily if it helps with an orderly fund liquidation, but they must notify the SEC of such suspensions. The SEC estimates that compliance with this rule will involve minimal effort, requiring about an hour of a lawyer's time each year. The public is invited to comment on the necessity and burden of this information collection by February 14, 2025.

The Federal Energy Regulatory Commission (FERC) is seeking public comments on the FERC-517 information collection related to the safety of waterpower projects, with comments due by April 25, 2025. This information helps assess the safety of water projects, ensuring they're maintained well and safe for the public. The document outlines the reporting requirements, such as prompt incident reports and inspections by independent consultants. It also describes the Owner's Dam Safety Program, which mandates regular audits and includes key elements like dam safety policy and training.

The Environmental Protection Agency (EPA) is proposing new rules under the Toxic Substances Control Act (TSCA) for certain chemical substances previously submitted for premanufacture notices. These rules, known as Significant New Use Rules (SNURs), will require any person planning to manufacture or process these chemicals in a way that has been identified as a significant new use to notify the EPA at least 90 days before starting. This allows the EPA to assess the potential risks and decide on any necessary actions before the activity begins. Additionally, the chemicals must not be manufactured or processed for these new uses until they receive EPA approval.

Miraclon Corporation submitted a notification on October 27, 2020, to the Foreign-Trade Zones Board regarding proposed production activities at their facility in Weatherford, Oklahoma. This proposal was reviewed according to the FTZ Board's regulations and made available for public comment. On February 24, 2021, the FTZ Board authorized the production activity, stating that no further review was necessary. The authorization is subject to compliance with the Foreign-Trade Zones Act and specific board regulations.

The Public Company Accounting Oversight Board (PCAOB) has introduced proposed rules requiring certain registered public accounting firms to report firm- and engagement-level metrics on their audit practices. These metrics will provide stakeholders like investors and audit committees with valuable insights into audit processes, helping them make informed decisions. The metrics cover areas such as partner and manager involvement, workload, training, and retention of audit personnel. The PCAOB believes this initiative will enhance investor protection and foster transparency by offering more consistent and comparable information about audits and auditors.

The Federal Aviation Administration (FAA) has issued a proposed rule to adopt a new airworthiness directive for certain Airbus SAS Model A330 airplanes. Prompted by an incorrect production process dating back to 2008, this proposal requires detailed inspections and repairs of specific airplane parts to ensure safety. The FAA is requesting comments on this proposal by March 31, 2025. The proposed rule aims to address potential structural integrity issues in affected planes, in coordination with guidelines specified by the European Union Aviation Safety Agency (EASA).

The Small Business Administration (SBA) is asking for approval from the Office of Management and Budget (OMB) to gather certain information from Small Business Investment Companies (SBICs). This is required under the Paperwork Reduction Act. The information helps evaluate the financial health and compliance of SBICs. The public has 30 days to comment on whether this information collection is necessary or burdensome. Interested parties can submit comments and find more details online.

The Office of the Comptroller of the Currency (OCC) is inviting public and federal agency comments on a proposed revision to an information collection requirement under the Paperwork Reduction Act. This involves updating reporting requirements for national banks and federal savings associations, particularly those with assets of $250 billion or more, to align with stress test templates used by the Federal Reserve. The goal is to minimize the burden on these institutions while ensuring effective stress testing practices. Comments on the proposal are requested by March 29, 2021, and the OCC encourages electronic submissions.

The Environmental Protection Agency issued a correction to a document initially published on October 7, 2020. This correction is for Rule Document 2020-18824 concerning performance standards for new stationary sources. In particular, it involves republishing the text and table from Appendix A-3 to Part 60, Test Methods 4 through 5I, as it appeared incorrectly on pages 63413-63414. The corrected document is now filed and available as of February 12, 2021.

The Internal Revenue Service (IRS) has proposed new rules to manage an excise tax on the sale of certain designated drugs by manufacturers, producers, and importers. These regulations detail how the tax will be applied and calculated, particularly focusing on sales during specific periods defined by law. The proposed rules include definitions of terms like "manufacturer" and "sale," guidelines for identifying sales subject to the tax, and methods for calculating the tax amount. The rules aim to ensure that the tax is assessed fairly and are seeking public comments and possible requests for a hearing by March 3, 2025.