🏦Proposed Regulation on Investment in Bank Premises Notification
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Investment in Bank Premises Notification (FR 4014; OMB No. 7100-0139).
Learn More💰SEC Approves MEMX LLC to List Options on Precious Metal ETFs
The SEC has approved MEMX LLC's proposed rule change, allowing the exchange to list options on several Precious Metal ETFs, including those for gold, silver, palladium, and platinum. This aims to provide investors with additional trading opportunities and hedging strategies in commodities, enhancing their market participation and risk management capabilities.
Learn More💰Proposed Rule Change for Osprey Bitcoin Trust Listing on BZX
The SEC published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the Osprey Bitcoin Trust. The amendment aims to streamline the trust's trading process and enhance investor access to bitcoin through a regulated exchange. The proposal highlights compliance commitments and regulatory framework surrounding the trust’s operation.
Learn More🤝SEC Notice on Co-Investment Opportunities for Business Development Companies
The SEC issued a notice allowing certain business development companies to co-invest in portfolio companies, enhancing collaborative investment strategies. The application includes multiple LAGO entities seeking regulatory relief from restrictions under the Investment Company Act, thereby promoting joint investment opportunities beneficial for growth and diversification.
Learn More💼SEC Notice for Co-Investment Permitting in Investment Funds
The SEC has issued a notice regarding an application for an order to allow certain investment companies to co-invest in portfolio companies, which could facilitate joint transactions that are otherwise prohibited. The notice details the applicants and the procedure for any hearing requests related to the application.
Learn More⚖️EnCap Investments Seeks FTC Order Modification for Business Flexibility
EnCap Investments L.P. ("EnCap"), EnCap Energy Capital Fund XI, L.P., Verdun Oil Company II LLC ("Verdun"), XCL Resources Holdings, LLC ("XCL"), and EP Energy LLC ("EP Energy") have asked the Federal Trade Commission ("FTC" or "Commission") to reopen and set aside the Commission's Decision and Order entered on September 13, 2022, to remove certain prior approval requirements. Publication of their petition is not intended to affect its legal status or its final disposition.
Learn More📈FINRA Proposes Rule Change for Non-Traded BDCs and IPO Access
The SEC published a notice regarding FINRA's proposed rule change to exempt certain business development companies (BDCs) from compliance with specific rules related to the purchase and sale of new issues. This change aims to enhance non-traded BDCs' ability to invest in initial public offerings, thereby increasing capital access for these entities and their investors while promoting market integrity.
Learn More💰SEC Notice
The SEC has issued a notice regarding the application from various investment companies for an order permitting joint transactions, otherwise prohibited under the Investment Company Act. The application aims to facilitate co-investment in portfolio companies among business development companies and closed-end management investment companies, promoting collaboration and enhanced investment strategies.
Learn More💰SBIC License Issuance Notice from the Small Business Administration
The U.S. Small Business Administration announces the issuance of Small Business Investment Company licenses under the Small Business Investment Company Program. The notice includes details on eligible funds, their licensure dates, and leverage tiers, providing critical information for businesses seeking investment opportunities.
Learn More📉Surrender of Small Business Investment License for Stonehenge Fund
The Small Business Administration has declared the license of Stonehenge Opportunity Fund III-B, L.P. null and void due to the company's surrender of its license as a small business investment company. This action follows the authority outlined in the Small Business Investment Act, impacting the fund's operational status.
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