📈OCC Proposes Change to Operational Loss Fee Schedule
The SEC published notice about OCC's proposed rule change to modify the maximum aggregate Operational Loss Fee in its fee schedule. This adjustment aligns with OCC's Capital Management Policy to maintain liquidity and solvency thresholds, reflecting updated operating expenses based on the 2025 budget, ensuring financial integrity for Clearing Members.
Learn More📝Proposed Information Collection Extension by PBGC for Reconsideration Filings
The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act of a collection of information for filings for reconsideration under its regulation on Rules for Administrative Review of Agency Decisions. This notice informs the public of PBGC's intent and solicits public comment on the collection of information.
Learn More📜IRS Seeks Comments on Tax Relief for Combat Zone and Disaster Areas
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on the continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the postponement of certain acts by reason of service in a combat zone or relating to postponement of certain tax-related deadlines by reason of a Presidentially declared disaster.
Learn More📊DOL Seeks Comments on Prohibited Transaction Class Exemption
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Learn More🏦Change in Bank Control Notices
The Federal Reserve has issued a notice regarding applications under the Change in Bank Control Act for acquiring shares of banks or bank holding companies. The notice outlines public inspection procedures for applications and invites public comments on the matters involved, ensuring transparency in banking governance activities.
Learn More🏦Analysis of Federal Reserve Change in Bank Control Notices
The Federal Reserve System has published a notice regarding applications for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. The notice outlines the submission process and public comment procedures, emphasizing transparency and compliance in bank ownership transitions.
Learn More📈Nasdaq Proposes CORE FIX Protocol
The SEC has announced the immediate effectiveness of Nasdaq's proposed rule change to introduce a new order entry protocol named "CORE FIX." This protocol caters to users of FIX who currently do not utilize its routing capabilities, aiming to streamline order handling and improve order latency without making substantive rule changes.
Learn More💳CFPB Seeks Comments on Electronic Fund Transfer Regulation E
In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) requests the Office of Management and Budget's (OMB's) extension of the existing information collection titled "Electronic Fund Transfer Act (Regulation E)" approved under OMB Control Number 3170-0014.
Learn More📄Regulatory Update
The SEC has submitted a request for extension on Rule 17a-8, which regulates mergers of affiliated investment companies. The rule provides exemptions for certain transactions while imposing requirements for asset valuation and shareholder approvals, emphasizing governance and compliance responsibilities for funds engaging in mergers.
Learn More📡FCC Modifies Letters of Credit Requirements for Broadband Support
In this document, the Federal Communications Commission (the Commission) makes targeted modifications to the requirements for letters of credit (LOCs) that recipients of Universal Service Fund (USF) high-cost support awarded through a competitive process must obtain.
Learn More