📈SEC Notice on Hamilton Lane Private Assets Fund Regulation
The SEC has issued a notice regarding Hamilton Lane's application for an exemption under the Investment Company Act to allow multiple share classes and impose fees. This development highlights potential regulatory changes affecting investment strategies and compliance in the financial sector.
Learn More📈SEC Proposal on Risk Management Controls for Broker-Dealers
The SEC is seeking comments on the proposed information collection related to Rule 15c3-5, which requires broker-dealers to establish and document risk management controls and supervisory procedures. The requirements include annual CEO certifications and regular evaluations of these controls, promoting stronger regulatory compliance in the financial sector.
Learn More📄SEC Comments on Proposed Collection for Form F-8 Registration
The SEC is seeking public comments on the proposed collection of information related to Form F-8, a registration statement used by certain Canadian issuers for exchange offers and business combinations under the U.S. Securities Act. The notice highlights the importance of the form in improving efficiency and aiding investors in decision-making.
Learn More📊SEC Proposes Extension for Form Custody Filing Compliance
The SEC is requesting an extension for the collection of information related to Form Custody, which requires broker-dealers to report on asset custody. This process is crucial for regulatory oversight and entails significant compliance costs, impacting approximately 3,470 entities in the securities industry. Comments are invited to enhance the collection's quality and feasibility.
Learn More📈NYSE Arca Proposes Changes to Options Fee Schedule and Rebates
NYSE Arca, Inc. has filed a proposed rule change to modify its Options Fee Schedule, aiming to improve the clarity of the Manual Billable Rebate Program. This modification will enhance readability and reduce confusion among Floor Brokers participating in the FB Prepay Program, without introducing substantive changes to the existing rebate structure.
Learn More🏛️MEMX Proposes Nominating Committee Membership Changes
The Securities and Exchange Commission published a notice from MEMX LLC regarding a proposed rule change to amend its Limited Liability Company Agreement. The update aims to modify membership requirements for the Nominating Committee, allowing more flexibility in candidate selection while aligning governance structures with those of its affiliate, MX2 LLC.
Learn More📈Proposed Collection Notice for Canadian Securities Schedule 14D-9F
The SEC is soliciting comments on the information collection process for Schedule 14D-9F, which aids Canadian foreign private issuers in responding to tender offers. The notice details the collection's reporting burden, necessity, and invites public feedback on its effectiveness and efficiency requirements.
Learn More📈NYSE Arca Accelerates Approval for Grayscale Digital Fund
The SEC has granted accelerated approval for NYSE Arca to amend Rule 8.500-E, allowing the listing and trading of the Grayscale Digital Large Cap Fund. The changes redefine Trust Units and broaden the types of entities eligible to issue them, impacting investment dynamics in digital assets and enabling greater flexibility in trading practices.
Learn More💼SEC Notice for Lord Abbett Funds on Investment Company Act Exemption
The Securities and Exchange Commission announces an application for an exemption from specific provisions of the Investment Company Act, allowing Lord Abbett Credit Opportunities Fund and related entities to make monthly repurchase offers on their shares. The notice outlines the conditions and procedures for interested parties to request a hearing on the application.
Learn More⚖️SEC Approves Amendment for Insider Trading Regulation Responsibilities
The SEC has approved amendments to the regulatory responsibility plan concerning insider trading enforcement. This approval reallocates regulatory compliance functions primarily to FINRA among involved exchanges, aiming to streamline processes and reduce redundant examinations. The agreement emphasizes cooperation among self-regulatory organizations to enhance investor protection and market integrity.
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