Search Results for keywords:"request for hearing"

Found 2 results

Search Results: keywords:"request for hearing"

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  • 2025-01788 — Pearl Diver Credit Company Inc., et al.
    Type:Notice
    Citation:90 FR 8310
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from several investment companies, including Pearl Diver Credit Company Inc., seeking to engage in joint investments. These investments are typically prohibited under the Investment Company Act of 1940, but the applicants are requesting an order to allow these activities under certain conditions. A hearing on this application will only take place if requested, with a deadline for such requests set for February 17, 2025. Additional details, including how to request a hearing, are available on the SEC's website.

    Simple Explanation

    The SEC is thinking about letting a group of companies, including one called Pearl Diver Credit Company Inc., invest together even though there's normally a rule against it. People can ask to talk about this plan by February 17, 2025, if they want to.

  • 2025-03122 — iDirect Private Markets Fund, et al.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice concerning an application by iDirect Private Markets Fund and related entities. They are seeking permission to allow certain investment companies to issue multiple classes of shares and charge fees for distribution and early withdrawal. The application was initially filed in June 2024 and subsequently amended in October 2024. Interested parties have until March 13, 2025, to request a hearing if they wish to contest the application.

    Simple Explanation

    An investment group, iDirect Private Markets Fund, wants permission to let people buy special kinds of shares and charge extra fees if they sell too soon. The SEC says people can share their thoughts or concerns about this plan until March 13, 2025.