📈SEC Amends Rules of Practice for Registration Statements
The Securities and Exchange Commission ("Commission") is amending its Rules of Practice relating to procedures governing Commission review of staff actions made pursuant to delegated authority in connection with the determination of the effective dates of registration statements and post-effective amendments and the determination of the dates and times of qualification of an offering statement and post-qualification amendments under Regulation A.
Learn More📈MEMX Proposal to Clarify Post Only Instruction Order Handling
The SEC has published a notice about MEMX LLC's proposed rule change to clarify the handling of orders with a Post Only instruction. This change aims to enhance transparency regarding order execution under specific circumstances, ultimately promoting market efficiency and investor protection. The proposal is expected to streamline operational practices for trading firms.
Learn More📈SEC Notice on Joint Transactions Application Impacting Investment Companies
The SEC has issued a notice regarding an application from Rand Capital Corporation and affiliates to allow certain business development companies to engage in co-investments, which could enable them to increase portfolio company investments collaboratively. Interested parties may request a hearing before the Commission's decision on the application.
Learn More📈SEC Extends Review Period for LCH SA Risk Policy Changes
The Securities and Exchange Commission has designated an extended review period for LCH SA's proposed updates to its risk governance framework and various risk policies. These changes are crucial for organizations utilizing LCH SA for trading and collateral services, ensuring that their risk management practices align with regulatory standards.
Learn More🎤SEC and CFTC Host Public Roundtable on Regulatory Harmonization
The Securities and Exchange Commission (SEC) will co-host a public roundtable with the Commodity Futures Trading Commission (CFTC) focused on regulatory harmonization efforts. The meeting, scheduled for September 29, 2025, is open to the public and will include discussions about potential regulatory changes impacting various sectors.
Learn More💼SEC Notice on Co-Investment Approval for Asset Backed Credit Fund
The Securities and Exchange Commission issued a notice regarding an application for regulatory approval enabling business development companies and investment firms, including Privacore VPC Asset Backed Credit Fund, to co-invest in portfolio companies, fostering collaboration and investment opportunities within the financial sector.
Learn More🏦SEC Sunshine Act Meeting on Crypto Financial Surveillance and Privacy
The Securities and Exchange Commission will hold a public meeting focused on financial surveillance and privacy in the cryptocurrency sector. The Crypto Task Force invites public participation and discussions, highlighting opportunities for stakeholder engagement and potential regulatory changes in the evolving crypto landscape.
Learn More📈SEC Notice on PennantPark Enhanced Income Fund Exemption Application
The Securities and Exchange Commission (SEC) has issued a notice regarding an application by PennantPark Enhanced Income Fund for exemptions under the Investment Company Act. The application seeks to allow certain investment companies to issue multiple classes of shares while imposing asset-based fees and early withdrawal charges. Interested parties can request a hearing by a specified deadline.
Learn More📈SEC Rule 15c3-5 Compliance Requirements for Brokers
The SEC is seeking an extension for information collection under Rule 15c3-5, which mandates brokers to implement and document risk management controls and procedures. This includes annual certifications from executives, comprehensive documentation, and regular reviews to manage the financial risks of trading activities effectively. Compliance with this rule is essential for broker-dealers accessing exchanges or alternative trading systems.
Learn More💼SEC Notice on Exemption Application for Investment Companies
The SEC has issued a notice regarding TCG Strategic Income Fund's application for exemptions under the Investment Company Act of 1940. The application seeks permission for registered closed-end investment companies to issue multiple classes of shares and charge asset-based fees and early withdrawal penalties. Interested parties can request a hearing or further information from the SEC.
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