Search Results for citation:"89 FR 103012"

Found 2 results

Search Results: citation:"89 FR 103012"

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  • 2024-29915 — Proposed Collection; Comment Request; Extension: Rule 6a-3
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    Type:Notice
    Citation:89 FR 103012
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the information collection requirements set forth in Rule 6a-3 under the Securities Exchange Act of 1934. This rule mandates national securities exchanges to provide the SEC with certain information, such as reports and materials issued to exchange members. The SEC estimates that these exchanges collectively spend 156 hours annually fulfilling these requirements. Comments are welcomed on the necessity and usefulness of the rule, estimated burdens, and potential improvements, and must be submitted by February 18, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that makes stock markets send them information, like reports. They're asking if this rule is helpful and if the time spent on it is worth it, saying stock markets take about 156 hours a year to do this.

  • 2024-29913 — Proposed Collection; Comment Request; Extension: Rule 17a-8
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    Type:Notice
    Citation:89 FR 103012
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is asking for public comments on a proposed extension of its information collection under Rule 17a-8, which relates to mergers of affiliated investment companies. This rule allows certain mergers to bypass restrictions on transactions between a fund and its affiliates, and it requires directors to evaluate and document key aspects of such mergers. The SEC estimates that this rule affects around 200 funds annually, resulting in a total burden of 1,400 hours and a cost of over $3 million. The public can submit comments on the necessity and burden of these requirements until February 18, 2025.

    Simple Explanation

    The SEC (kind of like a referee for money rules) wants to know if everyone thinks the rules for special company mergers are fair and not too hard to follow. They want people to tell them what they think before next February.