🏦Change in Bank Control Notices
The Federal Reserve has issued a notice regarding applications to acquire shares of banks and bank holding companies under the Change in Bank Control Act. The document outlines the process for public comment and provides details about the interested parties and institutions involved, emphasizing the regulatory considerations surrounding bank ownership changes.
Learn More📈SEC Notice on Blue Owl's Investment Fund Exemption Application
The SEC has issued a notice regarding an application from Blue Owl Alternative Credit Fund for an exemption under the Investment Company Act of 1940. This exemption would allow the fund to issue multiple classes of shares and implement fees, which could enhance its operational flexibility and distribution strategies. Interested parties may request a hearing before the Commission concerning this application.
Learn More💰Executive Order 14255
Executive Order 14255 establishes the United States Investment Accelerator to streamline regulatory processes and enhance investment opportunities in the U.S. The initiative aims to attract both domestic and foreign investments while actively assisting businesses with regulatory navigation and collaboration opportunities. The order emphasizes a commitment to modernizing investment facilitation for the nation's economic prosperity.
Learn More🏦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 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🤝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📈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⚖️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.
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