Securities and Exchange Commission 2009 – Federal Register Recent Federal Regulation Documents
Results 451 - 500 of 1,827
Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
Applicant seeks an order declaring that it has ceased to be an investment company. On or about March 1, 1996, applicant transferred its assets to Keystone Tax Free Fund, based on net asset value. Expenses incurred in connection with the reorganization were paid by applicant.
Elimination of Flash Order Exception From Rule 602 of Regulation NMS
The Securities and Exchange Commission (``Commission'') is concerned that the exception for flash orders from quoting requirements under the Securities Exchange Act of 1934 (``Exchange Act''), which originated in the context of manual trading floors for quotations that were considered ``ephemeral,'' is no longer necessary or appropriate in today's highly automated trading environment. Accordingly, the Commission is proposing to amend Rule 602 of Regulation NMS under the Exchange Act to eliminate an exception for the use of flash orders by equity and options exchanges. In general, flash orders are communicated to certain market participants and either executed immediately or withdrawn immediately after communication. If the proposed amendment were adopted, the Commission would apply Rule 301(b) of Regulation ATS under the Exchange Act in a consistent manner with regard to the use of flash orders by alternative trading systems. The Commission also would apply the restrictions on locking or crossing quotations in Rule 610(d) of Regulation NMS in a consistent manner to prohibit the practice of displaying marketable flash orders.
Disclosure of Certain Money Market Fund Portfolio Holdings
The Securities and Exchange Commission (``Commission'' or ``SEC'') is adopting an interim final temporary rule under the Investment Company Act of 1940 to require a money market fund to report its portfolio holdings and valuation information to the Commission under certain circumstances. The new reporting requirement is designed to provide information substantially similar to that submitted by certain money market funds under the Temporary Guarantee Program for Money Market Funds established by the Department of the Treasury (``Treasury Department''), which will expire on September 18, 2009.
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