📈SEC Notice on Investment Company Act Exemption Request
The Securities and Exchange Commission released a notice regarding an application from Align Alternative Access Fund and Sovereign Financial Group, Inc. for an exemption under the Investment Company Act of 1940. The application seeks permission for registered closed-end investment companies to issue various classes of shares with differing sales loads and service fees, impacting their operational strategy and regulatory compliance.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers and Acquisitions
This notice from the Federal Reserve System announces applications for mergers and acquisitions involving bank holding companies, inviting public comments on the proposed changes. It outlines the regulatory framework under which these applications are reviewed and details how interested parties can participate in the process.
Learn More📈Proposed Rule Changes for ETPs by NYSE Chicago
The SEC has granted accelerated approval for NYSE Chicago's proposed amendments to exchange rules that will allow the listing and trading of Exchange-Traded Products (ETPs). These changes aim to align NYSE Chicago with its affiliate NYSE Arca's rules, enhancing market access and fostering competitive trading environments for various financial products.
Learn More📈SEC Proposes Rule Change for Clearing Agency Securities Valuation
The Securities and Exchange Commission has published a notice regarding a proposed rule change by The Depository Trust Company, aimed at updating the Clearing Agency Securities Valuation Framework. The changes will enhance the standards for risk-based margin systems and ensure the use of reliable and timely data inputs in financial transactions, focused on maintaining robust risk management and compliance mechanisms.
Learn More🏦Regulatory Notice on Bank Control and Acquisitions
The Federal Reserve System issued a notice regarding applications under the Change in Bank Control Act for acquiring shares of banks or bank holding companies. This notice includes details for public inspection and encourages interested individuals to submit comments on these applications, emphasizing the importance of public transparency in bank control matters.
Learn More📈SEC Extends Review Period for Proposed Options Regulation by Cboe
The SEC has designated a longer review period for Cboe EDGX Exchange's proposed rule change to amend trading regulations, allowing options on Commodity-Based Trust Shares. This extension aims to provide the Commission sufficient time to evaluate the proposed changes, impacting trading practices and investment opportunities within the market.
Learn More📉Notice of License Surrender for High Peaks Seed Ventures, L.P.
The Small Business Administration has declared the license of High Peaks Seed Ventures, L.P. null and void, pursuant to its authority under the Small Business Investment Act. This action may have implications for businesses reliant on this firm's investment services, impacting their funding and growth potential.
Learn More🏦OCC Notice on Bank Secrecy Act Compliance and Reporting Renewal
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More📈Nasdaq Proposes Rule Change for VanEck Avalanche ETF Listing
The Nasdaq Stock Market has filed a proposed rule change to list and trade shares of the VanEck Avalanche ETF under its Commodity-Based Trust Shares rule. This initiative aims to provide investors with a new trading vehicle linked to the performance of AVAX, the digital asset of the Avalanche network, highlighting the growing importance of digital assets in financial markets.
Learn More📊Proposed Rule Change for NSCC's Recovery and Wind-Down Plan
The Securities and Exchange Commission has published a notice regarding the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. This update aims to meet new regulatory requirements outlined in Exchange Act Rule 17ad-26, ensuring the continuity and effectiveness of its financial services during recovery scenarios. The proposed changes enhance clarity and compliance standards for the clearing agency's operations.
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