Search Results for citation:"89 FR 101080"

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Search Results: citation:"89 FR 101080"

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  • 2024-29305 — Submission for OMB Review; Comment Request; Extension: Rule 20a-1
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    Type:Notice
    Citation:89 FR 101080
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget to extend the collection of information under Rule 20a-1 of the Investment Company Act of 1940. This rule requires investment funds to comply with specific regulations when soliciting proxies, consents, and authorizations related to their securities, ensuring that investors receive the necessary information to make informed voting decisions. Around 1,129 proxy statements from funds are filed annually, with an estimated 85 hours required for each filing, totaling about 95,965 hours annually. The public comment period for this request runs from December 16, 2024, to January 13, 2025.

    Simple Explanation

    The SEC wants to keep checking how investment funds ask people to vote about their money, making sure they get the right information. They plan to discuss this until January 13, 2025, and they think it takes about 85 hours for funds to prepare this information each year.

  • 2024-29303 — Proposed Collection; Comment Request; Extension: Rule 17g-4
    Type:Notice
    Citation:89 FR 101080
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on Rule 17g-4, which is under the Securities Exchange Act of 1934. This rule requires nationally recognized statistical rating organizations (NRSROs) to have procedures to protect nonpublic information and to prevent unauthorized trading on such information. The SEC aims to get a renewed approval for this rule from the Office of Management and Budget. They invite feedback on the necessity and efficiency of the information collection until February 11, 2025.

    Simple Explanation

    The SEC wants opinions on a rule that asks certain companies to protect secrets and not cheat using hidden info. They're checking if the rule is good and if following it takes too much time.