💼SEC Notice on Investment Company Exemption for Share Classes
The Securities and Exchange Commission (SEC) has issued a notice concerning an application from Monroe Capital BDC Advisors, LLC, seeking an exemption under the Investment Company Act to allow certain registered closed-end investment companies to issue multiple classes of shares with varying fees. Interested parties may request a hearing on this application.
Learn More📈SEC Notice on Co-Investment Approval for Business Development Companies
The SEC has issued a notice regarding an application by Sixth Street Specialty Lending and others for an order under the Investment Company Act, allowing certain business development companies to co-invest in portfolio companies, facilitating streamlined investment processes compared to past approvals.
Learn More📈SEC Proposal Change for Fidelity Women's Leadership and Sustainability ETFs
The SEC released a notice regarding a proposed rule change reflecting an amendment to the application and exemptive order governing the Fidelity Women's Leadership ETF and Fidelity Sustainability U.S. Equity ETF. The changes are designed to enhance investment flexibility and transparency while ensuring regulatory compliance with existing standards.
Learn More📈FINRA Proposes Rule 6152 for Order Execution Report Disclosure
The SEC announces FINRA's proposed Rule 6152, mandating members to submit order execution information for NMS stocks to FINRA for centralized publication. This initiative aims to improve transparency, allowing investors and market participants better access to execution quality data, promoting informed investment decisions across the financial industry.
Learn More💰SEC Proposes Rule Change for In-Kind ETF Transactions
The Securities and Exchange Commission (SEC) has published a notice regarding the proposed rule change by the Cboe BZX Exchange to allow in-kind creations and redemptions for the Franklin Bitcoin ETF, Franklin Ethereum ETF, and the Franklin Crypto Index ETF. This change aims to enhance market efficiency and liquidity for authorized participants, impacting the trading dynamics of these funds.
Learn More📉KLH Capital Fund III License Surrender Impact on Small Business Funding
The Small Business Administration has declared the Small Business Investment Company license of KLH Capital Fund III, L.P. null and void. This action results from regulatory authority under the Small Business Investment Act, which can significantly affect the financial landscape for small businesses reliant on such investment companies.
Learn More📈Cboe EDGX Proposes Rule Change for Retail Equities Membership Program
The Cboe EDGX Exchange proposes a rule change to clarify the eligibility requirements for its Retail Equities Membership Program. The amendment specifies the timing of membership application approvals and aims to ensure uniformity in the process, facilitating better alignment with current practices. The update is intended to enhance clarity for potential program participants and remove outdated criteria.
Learn More📈Cboe BZX Exchange Proposes Rule Change for Fidelity Solana Fund
The Securities and Exchange Commission published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the Fidelity Solana Fund. The proposed change aims to enhance investor access to digital asset trading through a regulated exchange while ensuring market integrity and compliance with existing regulations.
Learn More📊Amendments to Rule 482 on Fund Advertising Disclosures
The Securities and Exchange Commission is revising Rule 482, which governs the advertising of securities by investment companies. The amendments aim to correct outdated references and align disclosure requirements for money market funds with updated regulations, ensuring investors receive balanced and accurate performance information in fund advertisements.
Learn More📊SEC Requests Comments on Proposed Form F-80 Information Collection
The Securities and Exchange Commission (SEC) is seeking public comments on the proposed extension of Form F-80, a registration form for certain large, publicly traded Canadian issuers. This form is designed to inform U.S. investors about material details regarding registered Canadian securities and facilitate informed voting and investment decisions.
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