📈SEC Proposes Collection for Rule 18a-1 Compliance
The SEC is soliciting comments on proposed information collection under Rule 18a-1, which governs net capital requirements for stand-alone security-based swap dealers. The rule mandates risk management protocols and specifies documentation related to equity withdrawals and subordinated loans, aimed at ensuring sufficient liquidity and orderly liquidation in case of default.
Learn More📈Rule 18a-2
The SEC is soliciting comments on the proposed Rule 18a-2, which establishes capital requirements and risk management controls for nonbank major security-based swap participants. It mandates that these firms maintain positive tangible net worth and implement internal risk management systems, leading to potential significant start-up and compliance costs.
Learn More📈SEC Application for Co-Investment Transactions Notice
The Securities and Exchange Commission (SEC) has issued a notice regarding Ardian Access LLC's application for permission to conduct certain joint transactions involving registered closed-end management investment companies and affiliated entities. This notice includes filing details, applicant information, and potential for hearing requests from interested parties.
Learn More📄OMB Review Notice for SEC Rule 12d3-1 Extension
The Securities and Exchange Commission has submitted a request for the extension of Rule 12d3-1, permitting certain exemptions for portfolio investments by funds. The rule allows funds to invest in securities issued by subadvisers under specific conditions, requiring modifications to advisory contracts. The notice includes a call for public comments on the information collection related to this rule.
Learn More📈SEC Notice on Co-Investment Opportunity for Investment Companies
The SEC issued a notice regarding First Trust and other applicants seeking approval for co-investment in portfolio companies, potentially enabling joint transactions among investment companies. This notice outlines the procedural aspects and application details as required under the Investment Company Act of 1940, emphasizing compliance and regulatory requirements for involved parties.
Learn More📈SEC Sunshine Act Closed Meeting – Business Implications Overview
The SEC has scheduled a closed meeting to discuss critical matters including injunctive actions and administrative proceedings. This session is restricted to select SEC officials and may alter future regulatory priorities, presenting potential implications for businesses involved in securities and compliance activities. Changes in meeting schedules will be posted on the SEC's website.
Learn More💼SEC Notice on Dream Exchange Holdings, Inc. Application for Registration
The Securities and Exchange Commission published a notice regarding Dream Exchange Holdings, Inc.'s application for registration as a national securities exchange. The notice invites public comments on the proposed exchange's operational structure, which includes a technology services agreement for its trading platform. The filing reflects updates to governance provisions and aims to ensure compliance with existing securities laws.
Learn More📈SEC Notice on Silver Point Specialty Credit Fund Exemption Application
The SEC has issued a notice regarding an application by Silver Point Specialty Credit Fund Management for an exemption under the Investment Company Act. This exemption would allow closed-end investment companies to issue various classes of shares with differing sales loads and fees, enhancing their financing options. Hearing requests on the application are open until August 4, 2025.
Learn More💰Proposed CAT Fee 2025-2 and Its Business Impact
The SEC is announcing a proposed rule change on fees for Industry Members related to the Consolidated Audit Trail (CAT) costs. This includes the introduction of CAT Fee 2025-2, intended to recover a portion of the budgeted costs for the operation and maintenance of the CAT for the latter half of 2025.
Learn More💰SEC Notice on NYSE CAT Fees for Industry Members in 2025
The SEC has published a notice regarding proposed rule changes by NYSE National to establish fees for Industry Members related to the budgeted costs of the Consolidated Audit Trail (CAT) for the period from July 1 to December 31, 2025. The notice seeks comments on these fee implementations, which will affect securities trading practices.
Learn More