Search Results for keywords:"exemption"

The Securities and Exchange Commission (SEC) published a notice about an application by Goldman Sachs Private Credit Corp. and Goldman Sachs Asset Management, L.P. The applicants are seeking an exemption from certain sections of the Investment Company Act of 1940 to allow certain registered closed-end investment companies to issue different classes of shares with varying fees. The SEC indicates that unless a hearing is requested by April 14, 2025, an order granting the requested relief will be issued. Interested parties can find more details by accessing the applicant's amended application on the SEC's EDGAR system.

Armstrong Hospitality Group and related companies, known collectively as Armstrong Group, filed a notice to gain control over American Rocky Mountaineer LLC when it becomes a rail carrier. American Rocky Mountaineer is seeking an exemption to run passenger rail services between Moab, Utah, and Denver, Colorado, on Union Pacific lines. The Surface Transportation Board has set March 5, 2021, as the effective date for the exemption. This transaction doesn't involve any Class I carriers, and Armstrong Group assures there will be no rail line connections with Great Canadian Railtour, which it also owns.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change submitted by the Cboe BZX Exchange, Inc.. This proposal seeks to allow closed-end management investment companies that are registered under the Investment Company Act of 1940 to bypass the annual meeting of shareholders, as required by Exchange Rule 14.10(f). The SEC initially designated a longer period for decision-making to ensure they thoroughly evaluate the proposal and any comments received. They have now extended the deadline to either approve or disapprove this change to March 12, 2025, providing more time for consideration.

The Securities and Exchange Commission (SEC) issued a notice about an application from ETF Opportunities Trust and REX Advisers, LLC. They are seeking an exemption from specific parts of the Investment Company Act of 1940 and certain disclosure requirements. This exemption would allow them to enter or amend subadvisory agreements without needing shareholder approval and alleviate some obligations on fee disclosures to subadvisors. A hearing or notification will be conducted unless requested by interested parties by February 10, 2025.

The Securities and Exchange Commission (SEC) is considering a proposed rule change by the New York Stock Exchange (NYSE) to exempt closed-end funds registered under the Investment Company Act of 1940 from having to hold annual shareholder meetings. The proposed rule change was published in the Federal Register on July 9, 2024, for public comment, and the SEC has extended the decision deadline to March 6, 2025, to allow more time for consideration. This extension allows the SEC to evaluate the proposed rule change thoroughly, the feedback received, and make an informed decision on whether to approve or disapprove it.

The Securities and Exchange Commission (SEC) is considering an application from the ISQ Infrastructure Income Fund and I Squared Capital Registered Advisor LLC for an exemption under the Investment Company Act of 1940. The applicants seek permission for certain closed-end management investment companies and business development companies to pay investment advisory fees using shares of their common stock. If no hearing is requested, the SEC will grant the requested relief. Interested individuals can request a hearing by contacting the SEC by March 31, 2025.

The Federal Motor Carrier Safety Administration (FMCSA) has decided to grant exemptions to three individuals with epilepsy or seizure disorders, allowing them to operate commercial motor vehicles across state lines. This decision, effective from January 11, 2021, until January 11, 2023, was based on each individual's medical history and stable treatment regimen. The individuals granted these exemptions have been seizure-free for many years while on medication. The FMCSA believes that this exemption ensures a safety level similar to, or better than, what the standard regulations would achieve.

The Federal Motor Carrier Safety Administration (FMCSA) has received a request from James D. Welch for an exemption from the requirement for Air Reserve Technicians (ARTs) to obtain a commercial driver's license (CDL) when operating commercial motor vehicles (CMVs) for military purposes. While there is already an exception that applies to certain military drivers, it does not currently cover U.S. Reserve technicians like ARTs. Welch argues that obtaining a CDL places a burden on ARTs and the Air Force Reserve Command due to training costs. FMCSA is asking the public to comment on whether this exemption should apply to all U.S. Reserve technicians and to provide feedback by February 12, 2025.

The U.S. Nuclear Regulatory Commission (NRC) has granted Constellation Energy Generation, LLC, an exemption for their Nine Mile Point Nuclear Station's spent fuel storage system. This exemption allows Constellation to maintain and load multi-purpose canisters (MPCs) with certain design features that do not meet all current safety specifications, as outlined in the existing Certificate of Compliance. However, the NRC has determined that these deviations will not endanger public safety and are consistent with federal laws, while also being in the public interest as they avoid unnecessary risks related to unloading already stored fuel. This decision also helps Constellation manage their storage capacity effectively, ensuring the safe operation of their reactors.

Santa Maria Valley Railroad, LLC (SMVR), which is not currently a rail carrier, plans to acquire and operate two rail lines in Santa Barbara County, California. They intend to: (1) buy a line from Coast Belle Rail, LLC, and (2) take over the operation of another line leased from Union Pacific Railroad Company. This change means that SMVR will take over from Coast Belle as the common carrier, but their revenues are expected to remain under $5 million. The transaction is anticipated to start on or after April 12, 2025, and is exempt from certain environmental and historic preservation reviews.