💼SEC Notice on Co-Investment for Business Development Companies
The SEC has issued a notice regarding an application from various business development companies for permission to co-invest in portfolio companies alongside affiliated investment entities. The notice outlines streamlined procedures compared to previous orders and details applicant information. The application aims to facilitate joint financial ventures and improve investment strategies in compliance with SEC regulations.
Learn More💼SEC Rule 12b-1 Compliance and Business Implications
The Securities and Exchange Commission (SEC) issued a notice regarding the extension of Rule 12b-1, which governs the distribution expenses of registered open-end investment companies. The rule mandates written plans and board approvals to ensure compliance and protect shareholder interests, requiring funds to maintain specific records and reporting practices for effective oversight.
Learn More📈Cboe Futures Exchange Proposes Rule Change for Multiple Clearing Houses
The Cboe Futures Exchange (CFE) has proposed a rule change to enable the use of multiple clearing houses for its products, specifically allowing for the inclusion of Cboe Clear U.S. (CCUS) alongside The Options Clearing Corporation (OCC). This change is aimed at facilitating more efficient clearance and settlement processes in futures trading.
Learn More📈DTC Proposed Rule Change for Recovery and Wind-Down Plan
The SEC published a notice regarding a proposed rule change by the Depository Trust Company (DTC) to amend its Recovery and Wind-Down Plan. The changes reflect recent business developments and aim to enhance clarity and efficiency in risk management protocols, thereby ensuring continued access to critical services in liquidity or credit crises.
Learn More💰SEC Notice on Proposed Rule Change for Ethereum ETF Staking
This notice from the Securities and Exchange Commission outlines a proposed rule change for NYSE Arca to allow the Bitwise Ethereum ETF to engage in staking activities. The amendment would enable the Trust to earn staking rewards, potentially increasing income for investors and improving market participation in the Ethereum network.
Learn More🪙SEC Announces Meeting on Crypto Trading Regulations
The Securities and Exchange Commission will hold a public meeting conducted by its Crypto Task Force to discuss regulatory approaches for crypto trading. The roundtable, titled "Between a Block and a Hard Place
Learn More🪙SEC Meeting on Tokenization
The SEC's Crypto Task Force is hosting a public meeting to discuss the implications of tokenization in finance, exploring how traditional finance (TradFi) and decentralized finance (DeFi) intersect. The roundtable invites public participation and aims to shape future regulatory guidelines on asset tokenization, providing stakeholders with a platform to voice their insights.
Learn More🪙SEC Crypto Task Force Sunshine Act Meeting Announcement
The SEC announces a public meeting for its Crypto Task Force focused on "Know Your Custodian
Learn More📉SEC Notice of Deregistration Under Investment Company Act
Applicant seeks an order declaring that it has ceased to be an investment company. On October 17, 2024 and November 19, 2024, applicant made liquidating distributions to its shareholders based on net asset value. Expenses of approximately $129,000 incurred in connection with the reorganization were paid by the applicant's administrator/sponsor, Alight Solutions, LLC. Applicant also has retained approximately $75,000 for the purpose of paying outstanding liabilities. Filing Dates: The application was filed on December 20, 2024 and amended on March 26, 2025. Applicant's Address: 320 South Canal Street, 50th Floor--Suite 5000, Chicago, Illinois 60606.
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.
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