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📈SEC Proposal for P.M.-Settled Options on S&P 500 Equal Weight Index

The SEC has published a notice for a proposed rule change allowing Cboe Exchange to list and trade p.m.-settled options on the S&P 500 Equal Weight Index. This change aims to provide additional trading opportunities and more precise risk management options for investors, thereby enhancing market participation and investment strategies.

📈SEC Notice for RJ Private Credit Income Fund Exemption Application

The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.

📈Fidelity Covington Trust Seeks Amended Order for ETFs

The Securities and Exchange Commission (SEC) has received a request from Fidelity Covington Trust to amend a prior order, allowing funds to invest in a broader range of instruments. This change would enable funds to have greater flexibility in their investment strategies while maintaining specific disclosure requirements.

📈NYSE Withdraws Rule Change on Annual Meetings for Closed-End Funds

The SEC announces the withdrawal of NYSE's proposed rule amendment, which aimed to exempt closed-end funds registered under the Investment Company Act of 1940 from annual shareholder meeting requirements. The decision followed an extended review period and highlights ongoing regulatory scrutiny around shareholder engagement processes within the investment sector.

📉Applications for Deregistration Under Investment Company Act

Applicant, a unit investment trust, seeks an order declaring that it has ceased to be an investment company. Applicant has never made a public offering of its securities and does not propose to make a public offering or engage in business of any kind. Filing Date: The application was filed on June 21, 2024. Applicant's Address: One American Row, Hartford, Connecticut 06103.

📈SEC Notice on Investment Fund Exemption from Disclosure Requirements

The SEC issued a notice regarding a request for exemption under the Investment Company Act, enabling the RBB Fund Trust and First Eagle Investment Management to amend subadvisory agreements without obtaining shareholder consent. This regulatory action addresses specific disclosure obligations related to subadviser fees, impacting future governance and operational practices within the investment management sector.

📈SEC Notice on Sub-Advisory Agreement Exemption - January 2025

📈SEC Notice of Exemption for ETF Opportunities Trust and REX Advisers

⚖️RBC QPAMs Proposed Exemption from ERISA Restrictions Explained

This document provides notice of the pendency before the Department of Labor (the Department) of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and the Internal Revenue Code of 1986 (the Code). This proposed exemption would permit 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.