Search Results for agency_names:"Investment Company Act Release No. 35487

The Federal Aviation Administration (FAA) is proposing a new airworthiness directive for certain General Electric turbofan engines due to safety concerns. Following an inspection, it was found that cracks in the high-pressure turbine rotor components could lead to engine and aircraft damage. The directive would require regular inspections and potentially remove certain parts if cracks are detected. The FAA has invited public comments on this proposed rule until April 8, 2021.

The Federal Aviation Administration (FAA) is proposing a new airworthiness directive for specific General Electric (GE) aircraft engines due to a manufacturing issue that risks engine failure. This directive aims to replace certain turbine disks, which were made from metal containing possibly harmful iron inclusions. If the affected parts are not replaced, there could be catastrophic engine damage. Comments on this proposed rule are open until March 17, 2025, allowing stakeholders to provide their input.

The Securities and Exchange Commission (SEC) has granted temporary relief from certain regulations for clearing agencies dealing with U.S. Treasury securities. These regulations, known as the Margin Separation Requirement, were initially set to be enforced by March 31, 2025. However, due to challenges faced by market participants in meeting the original deadline, the SEC decided to extend the compliance date to September 30, 2025. This extension allows additional time for agencies to adjust their legal, operational, and risk management systems to meet the new rules, ensuring that market stability is maintained while preventing market disruption.

The Council of the Inspectors General on Integrity and Efficiency (CIGIE) is proposing a new system of records called the PRAC Data Warehouse System (PDWS), which falls under the Privacy Act of 1974. This system is meant to help the Pandemic Response Accountability Committee (PRAC) oversight the funds aimed at Coronavirus response, ensuring transparency, and detecting any fraudulent or wasteful activities. The records will include information about individuals and entities involved in the distribution or receipt of these funds. This proposal will take effect on February 26, 2021, unless significant objections lead to a change.

The Federal Aviation Administration (FAA) has withdrawn a proposed rule intended to update safety requirements for certain Boeing 787 airplanes due to concerns about water leaks that could affect flight equipment. The initial proposal stemmed from reports of water pressure issues and missing safety straps on clamshell couplings. However, Boeing informed the FAA that not all inspection areas for the galleys were addressed, prompting the withdrawal of the rule. The FAA intends to consider additional rulemaking to include the necessary safety measures and factors concerning the 787-10 model that were previously omitted.

The Environmental Protection Agency (EPA) has released the MOtor Vehicle Emission Simulator model (MOVES3) for use outside of California. This is an update to the EPA's tools for estimating emissions from vehicles. MOVES3 should be used for state plans and transportation conformity, starting a two-year grace period that allows its adoption before it becomes mandatory by 2023. It includes updates like new emission rates and data from various sources, improving the accuracy of emissions estimates.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for General Electric Company Model CT7-2E1 engines due to a revised analysis showing that a component, specifically the stage 2 turbine aft cooling plate, has a shorter life than previously thought. This directive requires updating maintenance documents by reducing the life limit for this part from 6,100 cycles to 3,100 cycles to prevent potential failures that could result in severe engine and airplane damage. The rule will take effect on April 17, 2025, and affects eight engines currently used in the U.S.

The Securities and Exchange Commission (SEC) has announced a notice of applications for deregistration under Section 8(f) of the Investment Company Act of 1940 for January 2025. Various investment companies, including American Maturity Life Insurance Co Separate Account One and Aquila Funds Trust, have applied to cease being classified as investment companies. Some applicants, like Aquila Funds Trust and DriveWealth ETF Trust, have already distributed funds to shareholders and covered expenses through their advisers. Individuals can request a hearing on these applications by February 25, 2025, by contacting the SEC.

The Securities and Exchange Commission (SEC) issued notices for deregistration applications under Section 8(f) of the Investment Company Act of 1940. Several investment companies, including BNY Mellon Municipal Bond Funds, John Hancock Tax-Advantaged Global Shareholder Yield Fund, List Income Opportunities Fund, and PREDEX, have applied to cease being investment companies. These applicants are transferring their assets to other funds and have made final distributions to shareholders. Each application contains specific details about the asset transfer, final distributions, and expenses incurred.

The Securities and Exchange Commission has approved an amendment proposed by the Public Company Accounting Oversight Board (PCAOB) which allows a firm’s registration to be withdrawn if it fails to file required annual reports and pay fees for two consecutive years. This new rule aims to help the PCAOB keep an accurate list of active firms and improve how they manage their resources, ensuring regulations are more efficient. The amendment provides steps for notifying firms of their delinquency, offering them a chance to remain registered. Additionally, the amendment will apply to audits of Emerging Growth Companies to ensure consistent protection of investor interests.