📄SEC Notice
The SEC announces a request for extension of Rule 0-2 and Form ADV-NR, which facilitates service of process on non-resident investment advisers. This aims to ensure accountability for entities operating in the U.S. market but not residing domestically, specifying necessary filing procedures and compliance within federal securities laws.
Learn More⚖️NYSE Proposes Rule Change for Pre-Trade Risk Controls on Trading
The Securities and Exchange Commission has announced a proposed amendment by the New York Stock Exchange to modify the pre-trade risk controls accessible to Floor brokers. The adjustment aims to streamline the process, allowing only member organizations to set specific controls, reinforcing their compliance and risk management responsibilities.
Learn More📈Proposed Amendments to NSCC Recovery and Wind-Down Plan
The Securities and Exchange Commission has published notice of the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. These amendments are aimed at reflecting recent business developments, enhancing clarity, and ensuring effective risk management practices in maintaining continuous critical services essential for market stability. The plan outlines strategies for recovery and orderly wind-down of operations under stress scenarios.
Learn More🪙SEC Meeting on Tokenization
The SEC's Crypto Task Force is hosting a public meeting to discuss the implications of tokenization in finance, exploring how traditional finance (TradFi) and decentralized finance (DeFi) intersect. The roundtable invites public participation and aims to shape future regulatory guidelines on asset tokenization, providing stakeholders with a platform to voice their insights.
Learn More📈SEC Notice for RJ Private Credit Income Fund Exemption Application
The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.
Learn More💰Cboe Exchange Proposes Bitcoin Options Trading Regulations
The Cboe Exchange, Inc. has filed a proposal to amend its rules, allowing the listing and trading of options on the VanEck Bitcoin Trust. This initiative aims to provide investors with additional investment tools for exposure to Bitcoin, promoting market transparency and establishing tighter regulatory frameworks to enhance trading efficiency.
Learn More📈New Compliance Requirements for Non-Centrally Cleared Repo Transactions
The Office of Financial Research (the "Office") within the U.S. Department of the Treasury ("Treasury") is extending the compliance date for certain financial companies to report to the Office certain non-centrally cleared bilateral transactions in the U.S. repurchase agreement ("repo") market. This data collection requires daily reporting to the Office by certain brokers, dealers, and other financial companies with large exposures to non-centrally cleared bilateral repo ("NCCBR") transactions.
Learn More💰Proposed Rule Change for Osprey Bitcoin Trust Listing on BZX
The SEC published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the Osprey Bitcoin Trust. The amendment aims to streamline the trust's trading process and enhance investor access to bitcoin through a regulated exchange. The proposal highlights compliance commitments and regulatory framework surrounding the trust’s operation.
Learn More💼SEC Notice for Co-Investment Permitting in Investment Funds
The SEC has issued a notice regarding an application for an order to allow certain investment companies to co-invest in portfolio companies, which could facilitate joint transactions that are otherwise prohibited. The notice details the applicants and the procedure for any hearing requests related to the application.
Learn More🤝SEC Notice on Co-Investment Opportunities for Business Development Companies
The SEC issued a notice allowing certain business development companies to co-invest in portfolio companies, enhancing collaborative investment strategies. The application includes multiple LAGO entities seeking regulatory relief from restrictions under the Investment Company Act, thereby promoting joint investment opportunities beneficial for growth and diversification.
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