⚖️Proposed Disruption Rule Change by NSCC and SEC
The SEC has published a notice regarding the NSCC's proposed rule change to update the Disruption Rules, focusing on system interruptions. Key changes include refined definitions, enhanced notification requirements, and provisions for reconnection of disrupted systems, aiming to improve operational resilience and risk management across associated clearing agencies and participants.
Learn More💵LCH SA Proposes Changes to Cash and Securities Collateral Fees
LCH SA has submitted a proposed rule change to amend its fee structures for cash and securities collateral used as initial margin in its CDSClear service. The changes aim to enhance competitive dynamics and improve liquidity risk profiles by adjusting fees and spreads based on market conditions and operational considerations.
Learn More📈Proposed Rule Change on Participant System Disruption by FICC
The Securities and Exchange Commission has published a notice regarding proposed amendments to the Fixed Income Clearing Corporation's Disruption Rules. These changes aim to streamline procedures for managing significant system disruptions affecting DTCC Systems Participants, enhancing compliance mechanisms and operational risk management within the financial services industry.
Learn More🏦Federal Reserve Notices on Bank Holding Companies Mergers and Acquisitions
The Federal Reserve System has issued a notice regarding the approval process for the formation, acquisition, and merger of bank holding companies. The notice includes applications from various companies seeking to become bank holding companies, highlighting regulatory requirements and public comment procedures applicable to interested parties.
Learn More📈SEC Notice for Exemption on Issuing Multiple Share Classes
The SEC has issued a notice regarding an application from North Haven Private Income Fund LLC and others for an exemption under the Investment Company Act of 1940. This exemption would allow investment companies to issue various classes of shares with differing sales loads and fees, potentially altering the structure of financial services within the business development sector.
Learn More📈SEC Notification on Goldman Sachs Private Credit Corp. Application
The SEC issued a notice concerning Goldman Sachs Private Credit Corp.'s application for an exemption under the Investment Company Act to issue multiple classes of shares. This action seeks to enhance investment flexibility for registered closed-end investment companies regulated as business development companies. Interested parties may request a hearing regarding this application.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers & Acquisitions
The notice outlines applications for bank holding companies, including acquisitions and mergers, submitted to the Federal Reserve Board under the Bank Holding Company Act. Public comment is invited, and submissions must adhere to specific regulations and deadlines. The information is available for public inspection, indicating transparency in financial governance.
Learn More🏦Change in Bank Control Notices and Acquisitions Overview
The Federal Reserve System has issued a notice regarding applications under the Change in Bank Control Act, affecting acquisitions of bank shares. Interested parties can submit comments regarding the applications, which will be publicly disclosed. The notice specifies the process for acquiring shares in banks or bank holding companies and outlines relevant public documentation.
Learn More🏦Federal Reserve Notice on Edge Corporations and Business Impact
The Federal Reserve System has issued a notice regarding applications for establishing Edge Corporations under Section 25A of the Federal Reserve Act, detailing public comment procedures, submission deadlines, and compliance factors relevant to interested businesses and stakeholders.
Learn More📈SEC Notice on Exemption for Multiple Classes of Shares in Investment Companies
The SEC has issued a notice regarding an application from Carlyle Global Credit Investment Management L.L.C. for an exemption under the Investment Company Act, permitting registered closed-end investment companies to issue multiple classes of shares with different sales loads and service fees. The notice outlines procedures for interested parties to request a hearing on this application.
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