🏦SEC Notice on Investment Advisers' Custodial Compliance Rules
This regulatory notice from the Securities and Exchange Commission discusses the information collection requirements for investment advisers regarding the custody of client funds. It emphasizes the importance of transparency, regular audits, and client notifications to ensure proper handling of assets, reinforcing the adviser's obligations under the Investment Advisers Act of 1940.
Learn More📈NYSE Arca's Proposed Rule Change for Grayscale Digital Fund
The SEC is reviewing NYSE Arca's proposed rule change to list and trade shares of the Grayscale Digital Large Cap Fund. The approval process includes deadlines for public comments and considerations of compliance with SEC regulations, reflecting ongoing developments in the digital asset market.
Learn More📊SEC Grants Temporary Exemptive Relief for Rule 10c-1a Compliance
The SEC issued a temporary exemption for Rule 10c-1a, which mandates reporting on securities loans. This exemption extends compliance deadlines to enhance data accuracy and public transparency, aiming to foster a reliable securities lending market and improve investor protections while ensuring orderly implementation among industry participants.
Learn More📈SEC Notice on Grayscale Solana Trust Trading Proposal
The SEC has extended the review period for NYSE Arca's proposed rule change to list and trade shares of the Grayscale Solana Trust, allowing for a thorough consideration of the implications and comments received. The revised timeline indicates significant steps toward potential approval or disapproval of this financial product.
Learn More📈SEC Extends Review Period for Truth Social Bitcoin ETF Proposal
The SEC has announced a longer review period for NYSE Arca's proposed rule change to list and trade shares of the Truth Social Bitcoin ETF. This extension is intended to provide the Commission with adequate time to evaluate the implications and issues related to the proposed change, highlighting the significance of regulatory scrutiny in the cryptocurrency market.
Learn More📉SEC Notice of Deregistration Applications for Investment Companies
Applicant seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Horizon Funds, and on April 17, 2025, made a final distribution to its shareholders based on net asset value. Expenses of $585,676 incurred in connection with the reorganization were paid by the applicant's investment adviser and the acquiring fund's investment adviser. Filing Dates: The application was filed on June 5, 2025, and amended on July 21, 2025. Applicant's Address: 48 Wall Street, Suite 1100, New York, New York 10005.
Learn More📈SEC's Proposed Information Collection Rule 17a-3 for Broker-Dealers
The Securities and Exchange Commission announces a proposed information collection request under Rule 17a-3, setting standards for business records that broker-dealers must maintain. This ensures compliance with regulatory requirements, aiding effective examinations by the SEC and other authorities, and highlights the significant record-keeping burden on registered broker-dealers.
Learn More📈SEC Notice on Information Collection for Financial Risk Management
The SEC is submitting a request for an extension for Rule 18a-3, concerning minimum margin requirements for nonbank security-based swap dealers and participants. The rule stipulates the necessity for establishing risk management control systems, including procedures for monitoring counterparties' risks related to non-cleared security-based swaps. A burden estimate of 1,030 annual hours is outlined for compliance activities.
Learn More📄SEC Requests Comments on Proposed Collection of Information under Rule 17a-1
The SEC is seeking comments on the proposed collection of information under Rule 17a-1, which mandates specific record-keeping practices for national securities exchanges, associations, and clearing agencies. This notice details compliance requirements, estimated time burdens, and requests public feedback on the collection's necessity and methodology.
Learn More📈SEC Extends Exemptive Relief for CAT NMS Requirements
The SEC has granted an extension of temporary conditional exemptive relief regarding certain requirements under the CAT NMS Plan. This extension addresses lifecycle linkages between customer and representative orders, providing additional time for businesses to comply and preventing potential operational challenges associated with immediate compliance.
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