Search Results for citation:"86 FR 4151"

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Search Results: citation:"86 FR 4151"

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  • 2021-01101 — Sunshine Act Meetings
    Type:Notice
    Citation:86 FR 4151
    Reading Time:less than a minute

    The Securities and Exchange Commission announced a change to their previously scheduled Closed Meeting. Originally set for January 13, 2021, at 2:00 p.m., the meeting time was adjusted to 2:30 p.m. on the same day. During this meeting, they will discuss examination matters and enforcement proceedings. For additional details, individuals can contact the Office of the Secretary.

    Simple Explanation

    The Securities and Exchange Commission changed their secret meeting time from 2:00 p.m. to 2:30 p.m. on January 13, 2021, where grown-ups talk about important rules and checking things are done right.

  • 2021-00815 — Self-Regulatory Organizations; The Depository Trust Company; Order Approving a Proposed Rule Change To Allow for the Deposit of Electronic Certificates of Deposit and Technical Changes
    Type:Notice
    Citation:86 FR 4151
    Reading Time:about 20 minutes

    The Securities and Exchange Commission (SEC) has approved changes proposed by The Depository Trust Company (DTC) to introduce an electronic system for managing Certificates of Deposit (CDs) issued by banks. This new system allows CDs to be generated, executed, and stored electronically in a secure digital vault, reducing the need for physical certificates and associated operational concerns like transport disruptions. The approved rule aims to improve efficiency by streamlining the process, enhancing legal clarity, and reducing risks associated with physical handling. Additionally, the DTC plans to make technical updates, such as clarifying terminology and updating obsolete system references.

    Simple Explanation

    The SEC has said it's okay for a company that helps keep track of money stuff to use computers instead of paper to handle special savings papers from banks, making it easier and safer. But some people are a bit worried because it's not clear how much it will cost, who will make money from it, and there are some tricky words that people might not understand.