✈️FAA Issues Airworthiness Directive on Buckle Assemblies for Airplanes
The FAA is revising a notice of proposed rulemaking (NPRM) that applied to all airplanes with certain Pacific Scientific Company rotary buckle assemblies (buckles) installed. This action revises the NPRM by expanding the applicability and updating the referenced material. As an option to the actions proposed by this SNPRM, this SNPRM would allow removing the male side from the lap of the restraint system assembly and installing a placard stating that use of the seat is prohibited; use of that crewmember seat or passenger seat would then be prohibited until the actions proposed by this SNPRM are accomplished and the male side from the lap of the restraint system assembly is reinstalled. The NPRM was prompted by a report of a manufacturing defect in the screws used inside the buckle; this SNPRM is prompted by the discovery that additional screws are affected by the unsafe condition. The FAA is proposing this airworthiness directive (AD) to address the unsafe condition on these products. Since these actions would impose an additional burden over that in the NPRM, the FAA is requesting comments on this SNPRM.
Learn More💰Regulation Update
The SEC has published a notice regarding a proposed rule change by the Investors Exchange LLC to amend its fee schedule by introducing a new rebate tier and revising fees for transactions priced above $1.00. The proposal aims for immediate effectiveness, and the Commission invites public comments.
Learn More✈️Authorization of Production Activity for RECARO Aircraft Seating
The Department of Commerce's Foreign-Trade Zones Board has authorized production activities for RECARO Aircraft Seating Americas, LLC at its Fort Worth, Texas facility within FTZ 196. The decision follows a submission notification and public comment process, affirming compliance with existing regulations surrounding foreign trade zones.
Learn More💊Delay of HIPAA Modifications
In accordance with the Presidential memorandum of January 20, 2025, titled "Regulatory Freeze Pending Review," the effective date of the final rule titled "Administrative Simplification: Modifications of Health Insurance Portability and Accountability Act of 1996 (HIPAA) National Council for Prescription Drug Programs (NCPDP) Retail Pharmacy Standards; and Modification of the Medicaid Pharmacy Subrogation Standard" is delayed until April 14, 2025. That final rule adopted updated versions of the retail pharmacy standards for electronic transactions adopted under the Administrative Simplification subtitle of HIPAA, which constitute modifications to the adopted standards for the following retail pharmacy transactions: health care claims or equivalent encounter information; eligibility for a health plan; referral certification and authorization; and coordination of benefits. It also adopted a modification to the standard for the Medicaid pharmacy subrogation transaction.
Learn More📈Nasdaq PHLX Proposes New OTTO Protocol for Options Trading
The SEC has published a notice regarding Nasdaq PHLX LLC's filing for a new trading protocol called "Ouch to Trade Options" (OTTO). The proposal aims to amend existing options rules, including order types and member fees. Stakeholders are invited to comment on this significant regulatory change, which is designed for immediate effectiveness, enhancing trading operations within the options market.
Learn More✈️FAA Final Rule on Airworthiness Directives for Airbus SAS Airlines
The FAA is superseding Airworthiness Directive (AD) 2022-22- 10, which applied to certain Airbus SAS Model A318, A319, A320, and A321 series airplanes. AD 2022-22-10 required revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive airworthiness limitations. This AD was prompted by a determination that new or more restrictive airworthiness limitations are necessary. This AD continues to require certain actions in AD 2022- 22-10 and requires revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive airworthiness limitations, as specified in a European Union Aviation Safety Agency (EASA) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products.
Learn More✈️New Airworthiness Directive for Boeing 747 Models Requires Compliance
The FAA is adopting a new airworthiness directive (AD) for all The Boeing Company (Boeing) Model 747-100, 747-100B, 747-100B SUD, 747- 200B, 747-200C, 747-200F, 747-300, 747-400, 747-400D, 747-400F, 747SP, and 747SR series airplanes. This AD was prompted by a report of improper inner diameter grinding of landing gear outer cylinders, resulting in possible heat damage to the outer cylinder of the nose landing gear (NLG), body landing gear (BLG), and wing landing gear (WLG). This AD requires replacing any affected outer cylinders. The FAA is issuing this AD to address the unsafe condition on these products.
Learn More✈️FAA Airworthiness Directive Requires Software Updates for Boeing Aircraft
The FAA is superseding Airworthiness Directive (AD) 2020-03- 20, which applied to certain The Boeing Company Model MD-11, MD-11F, and 717-200 airplanes; all Model 737-8 and 737-9 airplanes; all Model 737-600, -700, -700C, -800, -900, and -900ER series airplanes; certain Model 747-400 and 747-400F series airplanes; certain Model 757 and 767 airplanes; and all Model 777 airplanes. AD 2020-03-20 required revising the existing airplane flight manual (AFM) to include a limitation to prohibit operations that require less than 0.3 required navigational performance (RNP) within a specified area for airplanes having a certain multimode receiver (MMR) with certain software installed. This AD was prompted by reports from Boeing of simultaneous MMR resets related to an error in calculating Coordinated Universal Time (UTC). This AD requires the actions in AD 2020-03-20, removes an airplane model from the applicability, and would also require installing certain MMR operational software (OPS). The FAA is issuing this AD to address the unsafe condition on these products.
Learn More📊Withdrawal of Proposed Rule Change on Shareholder Meetings
The Securities and Exchange Commission formally acknowledged the withdrawal of a proposed rule change by Cboe BZX Exchange, which sought to exempt closed-end management investment companies from annual shareholder meeting requirements. This action underscores the complexities of regulatory compliance for investment companies under the Investment Company Act of 1940.
Learn More✈️Proposed Airworthiness Directive for Embraer Airplanes
The FAA proposes to supersede Airworthiness Directive (AD) 2020-12-12, which applies to all Embraer S.A. Model ERJ 170 airplanes and Model ERJ 190-100 STD, -100 LR, -100 ECJ, -100 IGW, -200 STD, -200 LR, and -200 IGW airplanes. AD 2020-12-12 requires repetitive detailed inspections for cracking of the engine inboard and outboard engine pylon lower link lugs, and repair if necessary. Since the FAA issued AD 2020-12-12, it was determined that certain compliance times must be reduced. This proposed AD would continue to require the actions in AD 2020-12-12, with revised compliance times, as specified in an Ag[ecirc]ncia Nacional de Avia[ccedil][atilde]o Civil (ANAC) AD, which is proposed for incorporation by reference (IBR). The FAA is proposing this AD to address the unsafe condition on these products.
Learn More