Search Results for citation:"89 FR 106704"

The Securities and Exchange Commission (SEC) notified that they are seeking approval from the Office of Management and Budget (OMB) to extend the collection of information required under Rule 17Ad-2(c), (d), and (h) of the Securities Exchange Act. This rule requires transfer agents to notify the SEC if they fail to meet specific performance standards. Although there are 740 transfer agents, only about three such notices are filed annually, with each notice taking roughly half an hour to prepare. Interested parties can view and comment on this request through a provided online link or via email by January 30, 2025.

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend a rule that requires key market players to maintain robust and secure technological systems. This rule, known as Regulation SCI, involves collecting information to ensure market stability and includes specific requirements for reporting technological events and improvements to the SEC. Currently, 48 entities are subject to this rule, with the number expected to increase over the next three years. The regulation aims to enhance the resilience of the U.S. securities market and ensure compliance with federal securities laws, incurring costs and compliance efforts from the involved entities.