📜RBC Granted Regulatory Exemption Under ERISA and Internal Revenue Code
This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). This exemption permits certain qualified professional asset managers with specified relationships to Royal Bank of Canada Trust Company (Bahamas) Limited, and certain current and future affiliates of the Royal Bank of Canada (collectively, the RBC QPAMs), to continue to rely on the class exemptive relief granted in Prohibited Transaction Exemption (PTE) 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the March 5, 2024 judgment of conviction against Royal Bank of Canada Trust Company (Bahamas) Limited (RBCTC Bahamas) for aiding and abetting tax fraud, entered in France in the Paris Court of Appeal.
Learn More📈SEC Notice on Man Diversified Income Fund Regulatory Exemption
The SEC published a notice regarding an application from Man Diversified Income Fund and Man Solutions LLC seeking exemptions under the Investment Company Act of 1940. The application requests permission for certain investment companies to issue multiple classes of shares and impose fees, potentially affecting regulatory practices in asset management.
Learn More📉SEC Notice of Deregistration Applications for Investment Companies
Applicant seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Horizon Funds, and on April 17, 2025, made a final distribution to its shareholders based on net asset value. Expenses of $585,676 incurred in connection with the reorganization were paid by the applicant's investment adviser and the acquiring fund's investment adviser. Filing Dates: The application was filed on June 5, 2025, and amended on July 21, 2025. Applicant's Address: 48 Wall Street, Suite 1100, New York, New York 10005.
Learn More📈NYSE Arca Accelerates Approval for Grayscale Digital Fund
The SEC has granted accelerated approval for NYSE Arca to amend Rule 8.500-E, allowing the listing and trading of the Grayscale Digital Large Cap Fund. The changes redefine Trust Units and broaden the types of entities eligible to issue them, impacting investment dynamics in digital assets and enabling greater flexibility in trading practices.
Learn More🚍Updates on Transit Asset Management Regulation and Compliance
This rulemaking revises FTA's Transit Asset Management (TAM) regulation to remove the initial TAM Plan implementation deadline, as this deadline has passed.
Learn More🛣️FHWA Rescinds Outdated Transportation Management Regulations
This final rule rescinds the regulations issued on December 10, 1996, and amended on February 14, 2007, Management and Monitoring, thereby removing obsolete regulations governing transportation management and monitoring systems. Further, FWHA finalizes the proposed updates to the regulations governing risk-based Asset Management Plans by determining that no further action is needed.
Learn More🏞️Proposed Rescindment of Regulations for National Park Transportation
FHWA proposes to rescind the regulations issued on February 27, 2004, Federal Lands Highway Program; Management Systems Pertaining to the National Park Service and the Park Roads and Parkways Program.
Learn More🌳FHWA Proposes Rescinding Regulations for Forest Highway Management
FHWA proposes to rescind the regulations issued on February 27, 2004, Federal Lands Highway Program; Management Systems Pertaining to the Forest Service and the Forest Highway Program.
Learn More📊Federal Reserve Announces Reporting Extension for Financial Institutions
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB No. 7100- 0376).
Learn More📈SEC Extends Review Period for WisdomTree Bitcoin Fund Rule Change
The SEC has issued a notice regarding an extension on the review period for a proposed rule change by the Cboe BZX Exchange, which seeks to amend regulations governing the listing and trading of shares in the WisdomTree Bitcoin Fund, specifically to enable in-kind creations and redemptions.
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