📄SEC Announces Comment Request for Extension of Form 18-K
The SEC is soliciting comments on the proposed extension of Form 18-K, an annual report used by foreign entities with U.S. listed securities to ensure investor information adequacy. The notice outlines the estimated time required for preparation and invites input on the collection process and its utility.
Learn More📈SEC Notice
The SEC issued a notice regarding an application by Morgan Stanley Pathway Funds for exemptions from certain regulations related to subadvisory agreements. This would allow them to make amendments without requiring shareholder approval and would alleviate certain disclosure obligations. Interested parties may request a hearing on the matter, with parameters outlined in the notice.
Learn More📉SEC Closed Meeting on Sunshine Act - Business Implications
The SEC announces a closed meeting to discuss critical matters, including injunctive actions and administrative proceedings. The meeting will take place remotely and at the Commission's headquarters, focusing on topics pertinent to compliance and enforcement. Specific personnel will attend, and any changes to the meeting's schedule will be announced on the SEC's website.
Learn More💼SEC Notice on Co-Investment for Business Development Companies
The Securities and Exchange Commission released a notice regarding an application from Ellington Credit Company and affiliates. The application seeks an order to allow certain business development companies and investment firms to co-invest in portfolio companies, potentially altering the landscape for joint transactions under the Investment Company Act.
Learn More📈Amendments to Certificate of Incorporation for Miami International Holdings
The Securities and Exchange Commission issued a notice regarding MIAX Pearl's proposal to amend its parent company’s certificate of incorporation. This includes plans for a reverse stock split and retains existing ownership restrictions, aimed at maintaining effective governance and operational capacity within regulatory frameworks.
Learn More📈SEC Proposed Collection on Rule 604
The SEC is soliciting comments on the proposed collection of information under Rule 604, which requires the disclosure of customer limit orders. This rule aims to enhance market transparency, helping investors access better execution prices and facilitating a national market system for securities.
Learn More📈SEC Extends Decision Period on Investment Company Rule Change
The SEC published a notice regarding a proposed rule change by Cboe BZX Exchange that aims to exempt certain closed-end management investment companies from the annual meeting of shareholders requirement. A decision by the SEC will be made by September 4, 2025, allowing for sufficient time to review the rule and comments.
Learn More⏰FINRA Proposes Rule Change to Extend Trade Reporting Hours
The Financial Industry Regulatory Authority (FINRA) proposes to amend its rules to extend the operating hours of its Trade Reporting Facilities from 8 a.m. to 4 a.m. Eastern Time. This change aims to facilitate real-time reporting and public dissemination of OTC trades in National Market System stocks executed during early morning hours, enhancing market transparency.
Learn More📜SEC Approves Regulatory Responsibility Allocation Among SROs
The Securities and Exchange Commission (SEC) has approved amendments to a regulatory plan for allocating responsibilities among various self-regulatory organizations (SROs). This plan aims to foster cooperation, eliminate regulatory duplication, and enhance compliance efforts for broker-dealers that belong to multiple SROs, ultimately supporting a more efficient regulatory framework in the financial markets.
Learn More📄SEC's Proposed Rule 194 Impacts Security-Based Swap Dealers
The SEC is soliciting comments regarding the proposed collection of information under Rule of Practice 194, which governs applications for statutory disqualifications among security-based swap dealers. The notice outlines the required process and burden hours for compliance, reflecting on the anticipated low volume of applications and notices.
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