📈SEC Notice on Co-Investment Application by PGIM Companies
The SEC has issued a notice regarding an application from PGIM entities seeking an order to permit certain joint transactions under the Investment Company Act. This includes co-investment opportunities among Business Development Companies and affiliated investment entities, with streamlined terms outlined compared to past orders.
Learn More📈NYSE Proposes Changes to Connectivity Fee Schedule for Trading Floors
The NYSE proposed a rule change to amend its Virtual Control Circuit service to include new connectivity options for trading floors. This change aims to enhance trading data transmission capabilities while maintaining existing fee structures, ensuring equal access to market participants. The proposal emphasizes non-discriminatory practices and regulatory compliance for seamless service integration.
Learn More📈SEC Notice on Co-Investment for Business Development Companies
The SEC has issued a notice regarding an application for co-investment permissions under the Investment Company Act for several affiliated entities, including Jefferies Finance LLC. This move may lead to streamlined terms for investment collaboration among business development companies and their affiliates, promoting enhanced financial cooperation and investment strategies.
Learn More📈SEC Exemption Notice for KKR FS Income Trust Investment Class Shares
The Securities and Exchange Commission (SEC) issues a notice regarding KKR FS Income Trust's application for an exemption under the Investment Company Act. This would allow certain investment companies to issue multiple classes of shares, each with varying fees. The content includes details on applicant representation and the process required for public hearing requests.
Learn More📈FICC Proposes Changes to Intraday Margin Collection Rules
The SEC is considering proposed rule changes by the FICC to enhance the collection of intraday margin for clearing agencies. These updates aim to comply with recently adopted standards, ensure effective monitoring of exposure, and clarify procedures for margin collection. The changes provide clearer guidelines for when and how intraday margin calls will be made, enhancing transparency and operational readiness for businesses involved in fixed income transactions.
Learn More💰SEC Evaluates CME Securities Clearing Agency Registration Application
The SEC is assessing CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The review encompasses stakeholder feedback on risk management and regulatory capital considerations, aiming to ensure compliance and operational efficacy for market participants in handling U.S. Treasury securities transactions.
Learn More📈SEC Extends SBSR Compliance Statement
The Securities and Exchange Commission is extending a statement regarding compliance with rules for security-based swap data repositories and Regulation SBSR.
Learn More📈SEC Notice on Proposed Extension of Rule 237 for Canadian Accounts
The SEC is seeking comments on the proposed extension of Rule 237, which allows Canadian-U.S. Participants to manage their Canadian retirement accounts without U.S. securities registration. This initiative aims to ease the burden for foreign issuers and facilitate investment opportunities while ensuring compliance with regulatory standards. Written comments on the proposal are encouraged.
Learn More📈Nasdaq's Proposed Rule for Digital Asset Investments Review
The Securities and Exchange Commission is considering Nasdaq's proposed Rule 5712, which aims to allow the listing and trading of commodity- and digital asset-based investment interests. This includes the Hashdex Nasdaq Crypto Index US ETF, marking a significant step towards integrating digital assets into regulated markets. The Commission is reviewing the proposal, extending the decision deadline to June 5, 2025.
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The Securities and Exchange Commission has announced a notice regarding an application that seeks permission for certain business development companies to co-invest in portfolio companies, aiming to streamline investment practices and foster collaboration among investment firms. Interested parties can request a hearing on the matter.
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