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2024-30688 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend Section 302.00 of the NYSE Listed Company Manual To Exempt Closed-End Funds Registered Under the Investment Company Act of 1940 From the Requirement To Hold Annual Shareholder Meetings
December 26, 2024
Type:Notice
Citation:89 FR 105143
Reading Time:about 2 minutes
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.
Simple Explanation
The people in charge of stock markets are thinking about changing a rule so that some special money-keeping groups (called closed-end funds) don't have to hold a big yearly meeting. They decided to take more time to really think about this change before deciding if it's a good idea or not.
2024-30856 — Kurv ETF Trust and Kurv Investment Management LLC
December 30, 2024
Type:Notice
Citation:89 FR 106680
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Kurv ETF Trust and Kurv Investment Management LLC. They are seeking an exemption that would allow them to make changes to subadvisory agreements without needing shareholder approval. Additionally, the exemption would provide relief from certain disclosure requirements concerning fees paid to subadvisors. Interested parties can request a hearing by January 13, 2025, by emailing the SEC, and they must provide proof of service to the Applicants.
Simple Explanation
Kurv ETF Trust and Kurv Investment Management want special permission to change their helpers without asking the people who own parts of their company, and they also want to keep some money information secret. People can tell the SEC if they want to talk about this by January 13, 2025.
2024-28427 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Cboe C2 Exchange, Inc.; Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc.; Order Approving Proposed Rule Changes To Amend the Bylaws of Cboe Global Markets, Inc.
December 05, 2024
Type:Notice
Citation:89 FR 96696
Reading Time:about 14 minutes
The Securities and Exchange Commission has approved proposed changes to the bylaws of Cboe Global Markets, Inc., the organization that oversees multiple stock exchanges. These changes allow shareholders owning at least 25% of the company's shares to call a special stockholder meeting, rather than only permitting the board's chair or CEO to do so. The amendments also refine the rules for informing the company about nominees for the board and other business proposals, aiming to align them with recent legal developments. Additionally, provisions were made to ensure accurate proxy card representation and to allow the Lead Director a role in calling special meetings of the board.
Simple Explanation
The Securities and Exchange Commission agreed to change some rules so that people who own a big part of a company called Cboe Global Markets can now ask to have special meetings to talk about important things, just like the boss could do before. These changes also made it easier to figure out how to tell the company about new ideas and other important topics.

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