💰Nasdaq Proposes Bitcoin Trust Rule Change for In-Kind Transactions
The Securities and Exchange Commission has published a notice regarding The Nasdaq Stock Market's proposal to amend rules for the iShares Bitcoin Trust. The proposed changes involve permitting in-kind creations and redemptions for trust shares, aiming to enhance efficiency and operational flexibility in trading operations. The notice also invites comments from interested parties on these amendments.
Learn More📈SEC Notice on Silver Point Specialty Credit Fund Exemption Application
The SEC has issued a notice regarding an application by Silver Point Specialty Credit Fund Management for an exemption under the Investment Company Act. This exemption would allow closed-end investment companies to issue various classes of shares with differing sales loads and fees, enhancing their financing options. Hearing requests on the application are open until August 4, 2025.
Learn More📈SEC Notice on Wedbush Fund Exemption Application Analysis
The SEC issued a notice regarding an application from Wedbush Series Trust and Wedbush Fund Advisers, LLC for exemptions under the Investment Company Act of 1940. This would allow them to amend subadvisory agreements without needing shareholder approval and reduce specific disclosure requirements related to fees, subject to potential hearings.
Learn More💹Cboe BZX Exchange Proposed Rule Change for Fidelity Solana Fund
The SEC is reviewing a proposed rule change by Cboe BZX Exchange to list and trade shares of the Fidelity Solana Fund. The Trust aims to track the performance of the digital asset Solana, involving potential new investment opportunities and regulatory considerations for interested parties.
Learn More💰SEC Approval for NYSE Arca's Bitcoin and Ethereum ETF Listing
The SEC has published a notice regarding NYSE Arca's proposed Rule Change to list and trade shares of the Truth Social Bitcoin and Ethereum ETF, providing a structured investment vehicle for market participants. This proposal includes regulatory provisions intended to enhance market integrity and investor protection.
Learn More💰SBA Issues New Small Business Investment Company Licenses
Pursuant to the authority granted to the United States Small Business Administration under section 301(c) of the Small Business Investment Act of 1958, as amended, to grant Small Business Investment Company licenses under the Small Business Investment Company Program, this notice satisfies the requirement effective August 17, 2023 under 13 CFR 107.501(a) to publish in the Federal Register the names of SBICs with date of licensure and Total Intended Leverage Commitments. The following SBICs received SBIC licenses as of the date indicated below:
Learn More📈SEC Notice on Hamilton Lane Private Assets Fund Regulation
The SEC has issued a notice regarding Hamilton Lane's application for an exemption under the Investment Company Act to allow multiple share classes and impose fees. This development highlights potential regulatory changes affecting investment strategies and compliance in the financial sector.
Learn More💰Proposed Regulatory Amendments for Small Business Investment Companies
The U.S. Small Business Administration ("SBA" or "Agency") is proposing to modify or remove from the Code of Federal Regulations ("CFR") regulations that are obsolete, inefficient, or otherwise unnecessarily impede the licensing of small business investment companies ("SBICs"). Many of the regulations SBA is proposing to remove apply to the repealed Section 301(d) of the Small Business Investment Act of 1958, as amended, and certain other types of SBICs that SBA no longer licenses, such as Participating Securities SBICs and Early Stage SBICs. The removal of these regulations will assist the public by simplifying SBA's regulations in the CFR. In addition, SBA is proposing to amend its regulations applicable to subsequent fund applicants in order to streamline the licensing process for such applicants. SBA also seeks to remove certain barriers to investments in critical mineral extraction and processing and designated critical technologies. In accordance with 5 U.S.C. 553(b)(4), a summary of this rule may be found https://www.regulations.gov.
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🌍Executive Order 14312
Executive Order 14312 aims to revoke existing sanctions on Syria, signaling a U.S. policy shift towards supporting a stable and unified Syria. It enables heightened diplomatic engagement, anticipates lifting restrictions on exports and financial assistance, and emphasizes accountability for human rights violations while exploring avenues for business opportunities in the region.
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