Search Results for type:"Rule"

The Securities and Exchange Commission (SEC) is implementing a new rule, titled Rule 2a-5, under the Investment Company Act of 1940. This rule sets requirements for how investment companies should determine the fair value of their investments. Key elements include the management of valuation risks, specification of suitable fair value methodologies, and supervision of pricing services used to assess investment value. Additionally, the rule allows investment companies to designate a valuation expert to handle these assessments, provided they remain under the company's board's oversight. Furthermore, a new accompanying Rule 31a-4 mandates recordkeeping requirements to support these fair value determinations.

The Environmental Protection Agency (EPA) has finalized a rule under the Federal Clean Water Act to amend the California Toxics Rule by establishing a revised selenium water quality criterion for certain freshwater bodies in California. This new criterion aims to protect aquatic life and wildlife that depend on these aquatic ecosystems from high selenium levels, which can be toxic. The EPA incorporated public feedback and scientific evidence into the rule, and it includes measures to account for site-specific conditions. The rule will take effect on January 16, 2025, unless California develops its own compliant standards.

The Environmental Protection Agency (EPA) has established new greenhouse gas (GHG) emission standards for specific types of airplanes and their engines, aligning with international standards set by the International Civil Aviation Organization (ICAO). These standards apply to certain civil jet and larger propeller airplanes, aiming to reduce air pollution and meet the 2016 findings on aircraft emissions. The rule covers new type design airplanes from 2021 and in-production airplanes from 2028, but will not require major changes since most airplanes will already comply with the standards. This action helps U.S. airplane manufacturers remain competitive internationally by ensuring their products meet global emission requirements.

The Federal Aviation Administration (FAA) issued an airworthiness directive (AD) affecting specific General Electric turbofan engines. This directive was prompted by incidents leading to significant fuel loss and engine shutdowns during flights. To address these issues, the AD mandates initial and repetitive shim checks of specific components and performs tests if necessary, to ensure safety. This measure aims to prevent engine failures and potential hazards to aircraft and passengers.

The Federal Aviation Administration (FAA) has issued a final rule that modifies various airspace classifications at the Camp Guernsey Airport in Wyoming to better support instrument flight rules (IFR) operations. This update includes changes to Class D and Class E airspace areas. These changes ensure safe and efficient use of the airspace by accommodating IFR arrivals and departures while updating the legal descriptions of the airport's airspace. The modifications are effective from February 20, 2025, and are noted as routine updates with no significant impact on small entities or the environment.

The Federal Aviation Administration (FAA) issued a rule updating the required altitudes for flights following instrument flight rules (IFR) across specific routes in the country. These changes, effective February 25, 2021, aim to enhance flight safety and efficiency in the National Airspace System. The rule addresses necessary updates due to changes in air navigation aids and does not significantly affect small businesses. The FAA has determined this amendment requires prompt implementation to ensure the safe use of airspace without public notice and comment.

The Coast Guard announced a temporary change to the schedule for operating the CSX Transportation Railroad drawbridge over Bayou Sara near Saraland, Alabama. This adjustment will let the bridge operate remotely from a control center in Mobile, AL, instead of being tended on-site. The purpose is to test whether this change impacts navigation safety and to determine if a permanent change is warranted. They are seeking feedback from the public on this temporary measure until July 8, 2021.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for certain Boeing 737 series airplanes due to reports of cracks in specific areas of the aircraft, which could lead to serious safety issues. The directive mandates inspections and required actions to address these cracks, aiming to prevent problems like uncontrolled decompression and loss of structural integrity. The rule is effective from March 30, 2021, and requires compliance using methods approved by the FAA. The document also includes guidance on the costs involved and identifies how alternative methods of compliance can be approved.

The Department of Homeland Security (DHS) has announced that the Transportation Security Oversight Board (TSOB) has approved two security directives, Pipeline-2021-01D and Pipeline-2021-02E. These directives, aimed at protecting critical hazardous liquid and natural gas pipeline infrastructure, extend existing cybersecurity measures for an additional year due to ongoing cyber threats. The directives include requirements for reporting cyber incidents, appointing a cybersecurity coordinator, and developing a cybersecurity plan. The TSOB has also empowered TSA to further extend these directives if necessary to counter evolving threats.

In a new final rule, the Department of Energy (DOE) has updated its test procedures for small electric motors and electric motors to align more closely with industry standards. This includes incorporating the latest version of the IEEE 112 standard, adding a new IEC standard as an optional method for testing, and providing clearer definitions and testing instructions to improve consistency and reduce testing burdens for manufacturers. The rule emphasizes that these changes will not affect the measured efficiency of the motors and sets specific compliance dates for manufacturers to implement the new procedures. The revisions are expected to reduce costs and harmonize testing practices with international standards.