Search Results for keywords:"conflict of interest"

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Search Results: keywords:"conflict of interest"

  • Type:Notice
    Citation:90 FR 16137
    Reading Time:about 3 minutes

    The National Institute of Allergy and Infectious Diseases is considering granting an exclusive patent license to Cambridge Enterprise Limited, part of the University of Cambridge, to develop and market certain inventions. These inventions involve conductive polymer coated electrodes used for single-cell electroporation in clinical settings. This license would help consolidate patent rights and speed up the commercial development of the invention, which is in line with promoting innovation according to U.S. law. Public comments or applications for this license must be submitted by May 2, 2025, and will be considered by the institute.

    Simple Explanation

    The National Institute of Allergy and Infectious Diseases wants to let Cambridge University use their special electrode invention so that it can help doctors treat people better, but they want people to share their thoughts about this plan by May 2, 2025.

  • Type:Notice
    Citation:89 FR 104253
    Reading Time:about 2 minutes

    Nasdaq PHLX LLC proposed a rule change to allow market makers to participate in Price Improvement XL auctions for Nasdaq-100 Micro Index Options. The Securities and Exchange Commission (SEC) initially had 45 days to approve, disapprove, or begin proceedings on this rule change, ending on December 21, 2024. However, the SEC extended this period to ensure they have enough time to consider the proposal thoroughly. The new deadline for a decision is February 4, 2025.

    Simple Explanation

    Nasdaq wants to change some rules so special people can help decide prices for tiny parts of a big stock group. The people who check if this is okay need more time, so they have until February 4, 2025, to decide.

  • Type:Notice
    Citation:89 FR 103904
    Reading Time:about 17 minutes

    The Investors Exchange LLC (IEX) has proposed changes to its parent corporation's bylaws. These changes would allow the Board of Directors to invite non-voting observers to attend and participate in board meetings. The proposed amendment aims to formally codify existing practices, ensuring clear roles and responsibilities for these observers while maintaining confidentiality and regulatory compliance. This proposal is considered non-controversial and is aligned with similar practices at other exchanges like BOX and MEMX, which also allow non-voting board observers.

    Simple Explanation

    Imagine a group that makes important decisions about a big toy store. They want to let some people listen and join their meetings but not vote. It's like listening in on a secret club but not being able to choose the games to play.

  • Type:Notice
    Citation:90 FR 6045
    Reading Time:about 2 minutes

    The Federal Aviation Administration (FAA) is considering a request to release and sell a 37.21-acre parcel of land at New Century AirCenter in Kansas. This action is necessary because the property was acquired with federal funds and must meet certain federal requirements before it can be used for non-airport purposes. The FAA ensures that selling this property will not affect future aviation needs and will be done at a fair market value. Public comments on this proposal are invited and must be submitted by February 18, 2025.

    Simple Explanation

    The FAA wants to let New Century AirCenter in Kansas sell a piece of land. They are checking to make sure it's okay to do this and asking people to share their thoughts by February 18, 2025.

  • Type:Notice
    Citation:86 FR 11815
    Reading Time:about 10 minutes

    The Securities and Exchange Commission issued a temporary order allowing the Infinity Q Diversified Alpha Fund to halt redemptions beginning February 19, 2021, due to issues with accurately valuing certain assets. Infinity Q Capital Management, the Fund's adviser, cannot calculate a fair value for certain swap instruments after discovering irregularities in their valuation process, rendering them unable to determine the correct net asset value (NAV). The Fund plans to liquidate its portfolio to ensure current and former shareholders get maximum returns while developing plans for repayment and liquidation overseen by independent parties and the Commission.

    Simple Explanation

    The Infinity Q Diversified Alpha Fund had trouble figuring out how much some of its investments were worth, so the Securities and Exchange Commission (SEC) told them to stop letting people take their money out just for now. The Fund is going to work on selling off its investments to make sure all the people who put money in get the best returns they can.

  • Type:Notice
    Citation:90 FR 3923
    Reading Time:about 32 minutes

    The Department of Labor has granted an exemption to the Boilermakers Western States Apprenticeship Fund, allowing it to purchase a property in Page, Arizona, from Lodge 4, despite restrictions under the Employee Retirement Income Security Act of 1974 (ERISA). This decision was made to avoid the costs and time of relocating the Plan's training program and because the property is already modified for this purpose. An independent fiduciary will ensure that the property is bought at fair market value, adhering to all necessary conditions. The purchase will help maintain the training program and provide administrative space for the Plan's headquarters.

    Simple Explanation

    The Boilermakers Western States Apprenticeship Fund got special permission to buy a building from their friends at Lodge 4 so they can keep teaching there and not have to move everything. An independent person is making sure they pay the right price for it.

  • Type:Notice
    Citation:86 FR 4106
    Reading Time:about a minute or two

    The Eunice Kennedy Shriver National Institute of Child Health and Human Development announced two upcoming meetings that will be closed to the public. These meetings focus on reviewing grant applications related to specific research areas, including maternal and pediatric HIV/AIDS research and endometriosis. The meetings are scheduled for March 12 and March 16-17, 2021, respectively, and will be conducted via video. The closed nature of these meetings is due to the potential disclosure of confidential information, such as trade secrets or personal details, which must be kept private.

    Simple Explanation

    The Eunice Kennedy Shriver National Institute of Child Health and Human Development is having some private online meetings to talk about which research projects should get funding to study topics like children’s health and diseases. The meetings are private to keep secrets safe and to protect personal information.

  • Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for an exemption under the Investment Company Act of 1940. This exemption would allow certain registered investment companies to pay advisory fees in shares of their common stock. Interested parties can request a hearing by emailing the SEC and the applicants by March 14, 2025. The application's details and conditions can be accessed through the SEC's EDGAR system.

    Simple Explanation

    The SEC is thinking about letting some investment companies pay their helpers with shares instead of cash, and they want people to tell them their opinions about this idea by March 14, 2025.

  • Type:Notice
    Citation:90 FR 2710
    Reading Time:about 2 minutes

    The National Institute on Drug Abuse has announced closed meetings scheduled for February 21 and February 24, 2025, according to the Federal Advisory Committee Act. These meetings are closed to the public to protect confidential information discussed during grant application reviews. The February 21 meeting will focus on the relationship between sleep and substance use disorders, while the February 24 meeting will examine the link between autophagy, HIV, and substance use disorders. Both meetings will be held virtually, and specific contact information is provided for those interested.

    Simple Explanation

    The National Institute on Drug Abuse is having secret meetings to talk about how sleep, diseases, and drugs are connected. They do this secretly to keep important information safe.

  • Type:Notice
    Citation:89 FR 101572
    Reading Time:about 3 minutes

    The Department of Defense (DoD) is creating a new advisory committee called the Strategic and Critical Materials Board of Directors (S&CM BoD). This committee will help strengthen the industrial base and manage materials important for national security, focusing particularly on the National Defense Stockpile program. The committee will have 13 to 20 members, including representatives from various government departments and other experts. Members who are not federal employees will be paid for their work, and the public can submit their views to the committee at any time.

    Simple Explanation

    The Department of Defense is setting up a special group of people to help look after important materials that help keep the country safe, and people can tell them what they think anytime.

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