The Global Synchronizer Foundation (GSF) has filed notifications with the Attorney General and the Federal Trade Commission about changes in its membership. This action is in line with the National Cooperative Research and Production Act of 1993, which limits the recovery of damages for antitrust plaintiffs. New members joining the GSF include the Hong Kong Monetary Authority, Copper Markets (Switzerland) AG, Goldman Sachs & Co. LLC, and Bank of New York Mellon Corporation. The organization intends to continue updating its membership details to comply with the Act's requirements.
Simple Explanation
The Global Synchronizer Foundation is letting the government know about new members joining their group, like some big banks and companies from different countries, and this is part of rules that help make sure businesses play fair.