💼SEC Notice on Co-Investment Application for Business Development Companies
The SEC issued a notice regarding an application for order allowing certain business development companies to co-invest in portfolio companies. The order seeks to promote collaborative investment strategies among BDCs and affiliated entities by granting exemptions from specific prohibitions under the Investment Company Act of 1940.
Learn More📈SEC Notice on Miami Exchange Rule 1327 for Options Transfers
The SEC published a notice on the Miami International Securities Exchange's proposed Rule 1327, which aims to allow in-kind exchanges of options positions and ETF shares. This rule change addresses current limitations on transfers, potentially improving tax efficiency and operational capabilities for investment vehicles like ETFs and UITs, ultimately benefiting investors.
Learn More📄Proposed Revisions to SEC Exchange Act Rules Affecting Businesses
The SEC seeks comments on proposed revisions to Exchange Act Rules 15Ba2-1, 15Bc3-1, and others, consolidating information collections for municipal securities dealers. The updates aim to improve efficiency and transparency in the registration process, including amendments to Forms MSD and MSDW. Public comments are invited on the implications of these changes.
Learn More📈SEC Notice on Compliance for Regulation Crowdfunding Intermediaries
The SEC has announced a request for OMB review regarding the extension of information collection rules under Regulation Crowdfunding, detailing the compliance requirements for intermediaries facilitating securities sales. It emphasizes the operational and disclosure obligations intermediaries must fulfill to align with legal expectations, impacting investor engagement and operational procedures.
Learn More📈SEC Proposes Rule Change for Bitcoin and Ethereum ETFs
The SEC has issued a notice regarding a proposed rule change by NYSE Arca to amend the Bitwise Bitcoin and Ethereum ETFs, permitting in-kind creations and redemptions. This regulatory update aims to enhance operational flexibility and market efficiency for these cryptocurrency trusts, allowing Authorized Participants to engage in direct asset exchanges.
Learn More📈SEC Proposes New Rule for Multi-Class ETF Shares Trading
The SEC has published a notice regarding a proposed rule change by NYSE Arca to permit the generic listing and trading of Multi-Class Exchange-Traded Fund Shares. This rule aims to streamline compliance and enhance investment opportunities by allowing funds to operate under exemptive relief from certain regulations, potentially benefiting investors and the market overall.
Learn More💵New Liquidity Risk Framework Changes Approved for LCH SA
The Securities and Exchange Commission has approved revisions to LCH SA's Liquidity Risk Modelling Framework, enhancing its approach to managing liquidity risks associated with clearing services. The updates aim to clarify operational requirements, improve data accuracy, and ensure compliance with regulatory standards for effective liquidity management.
Learn More📈SEC Extends Review Period for Canary SUI ETF Rule Change
The Securities and Exchange Commission (SEC) has designated a longer period for reviewing Cboe BZX Exchange's proposed rule change to list and trade shares of the Canary SUI ETF. This extension allows the SEC more time to consider relevant issues pertaining to the ETF and its regulatory implications.
Learn More📅SEC Sunshine Act Meeting on Form PF Amendments
The SEC will hold an Open Meeting on June 11, 2025, to discuss compliance dates for amendments to Form PF adopted on February 8, 2024. The meeting will be accessible via webcast for public participation, promoting transparency in regulatory processes and facilitating engagement on critical financial compliance matters.
Learn More🌎SEC Concept Release on Foreign Private Issuer Eligibility Overview
The Securities and Exchange Commission ("Commission") is publishing this concept release to solicit comments on the definition of a foreign private issuer ("FPI"). There have been several developments within the FPI population since the Commission last conducted a broad review of reporting FPIs and the eligibility criteria for FPI status. These developments have prompted us to consider whether the current FPI definition should be revised so that it better represents the issuers that the Commission intended to benefit from current FPI accommodations while continuing to protect investors and promote capital formation.
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