Search Results for keywords:"compliance requirements"

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for certain Airbus Canada Model BD-500 airplanes, effective January 13, 2025. This directive was prompted by problems with the locking mechanism on pilot and co-pilot seats, which could increase crew workload during flight. The AD requires modifications to these seats to prevent such issues, in alignment with Transport Canada's regulations. Comments from aviation companies like Collins Aerospace and Delta Airlines were considered, but the FAA decided not to make changes based on those suggestions.

In accordance with the Paperwork Reduction Act of 1995, the Bureau of Land Management (BLM) is seeking public comments on renewing an information collection related to the purchase of Federal timber resources. The BLM uses this information to determine if respondents are qualified by law to purchase such resources. Public comments are encouraged on the necessity, accuracy, and methods of this information collection to ensure it minimizes respondents' burden while maintaining utility. The deadline for submitting comments is January 8, 2025.

The Department of Defense (DoD) has issued a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to redefine the term "material weakness" for evaluating contractor business systems. This term replaces "significant deficiency" and aligns with generally accepted auditing standards. The rule aims to provide clearer guidance for identifying and addressing deficiencies, thereby improving oversight of contractor business systems. The regulation impacts various contracting processes but does not add new compliance requirements for small businesses or contracts below certain thresholds.

The Securities and Exchange Commission (SEC) has granted a temporary extension for certain companies that operate in the securities market. This extension allows them to bypass a specific requirement related to tracking and linking customer orders and representative orders in cases where their systems aren't directly connected. The SEC supports this extension to give companies more time to find long-term solutions and maintain market stability. This decision is made in the interest of protecting investors and ensuring the market remains organized and efficient.

The Department of Education has announced an update to grant award notices to ensure they follow the 2024 changes to federal award guidelines. These changes apply only to grants given after October 1, 2024, and clarify that earlier grants are governed by the rules in place when they were awarded. This update resolves confusion caused by an earlier notice that tried to apply new rules retroactively. Grant recipients don’t need to take any action but should keep this notice for their records.

The Office of Management and Budget (OMB) is making corrections to guidance about grants and agreements that was published in the Federal Register on August 13, 2020. These corrections address incorrect references to sections or laws and restore missing language. The revisions are effective as of February 22, 2021, and aim to clarify rules and fix citation issues within parts 25 and 200 of the Code of Federal Regulations (CFR). This includes updates to definitions, program applicability, and requirements for audit procedures and cost principles.

The Federal Trade Commission (FTC) has updated the financial thresholds that determine when a person is prohibited from being a director or officer of two competing companies, which is governed by Section 8 of the Clayton Act. As of January 21, 2021, competing companies are covered by these rules if each has combined capital, surplus, and undivided profits over $10,000,000, unless the competitive sales of either company are less than $1,000,000. The new threshold amounts are $37,382,000 for one type of evaluation and $3,738,200 for another. These changes reflect adjustments that happen every year based on the gross national product.