Securities and Exchange Commission March 2011 – Federal Register Recent Federal Regulation Documents
Results 101 - 150 of 171
References to Credit Ratings in Certain Investment Company Act Rules and Forms
This is one of several releases that the Securities and Exchange Commission (``Commission'') will be considering relating to the use of credit ratings in our rules and forms. In this release, we are proposing a new rule as well as rule and form amendments under the Securities Act of 1933 and the Investment Company Act of 1940 to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). The Commission is proposing amendments to two rules and four forms under the Investment Company Act and the Securities Act that contain references to credit ratings. The proposed amendments would give effect to provisions of the Dodd-Frank Act that call for the amendment of Commission regulations that contain credit rating references. In addition, the Commission is proposing a new rule under the Investment Company Act to establish a standard of credit-worthiness in place of a statutory reference to credit ratings in that Act that the Dodd-Frank Act removes.
Ownership Limitations and Governance Requirements for Security-Based Swap Clearing Agencies, Security-Based Swap Execution Facilities, and National Securities Exchanges With Respect to Security-Based Swaps Under Regulation MC
The Securities and Exchange Commission (``Commission'') is reopening the period for public comment on proposed Regulation MC under the Securities Exchange Act of 1934 (``Exchange Act''), which is designed to mitigate potential conflicts of interest at clearing agencies that clear security-based swaps (``security-based swap clearing agencies''), security-based swap execution facilities (``SB SEFs''), and national securities exchanges that post or make available for trading security-based swaps (``SBS exchanges''). The proposal was originally published in Securities Exchange Act Release No. 63107 (October 14, 2010), 75 FR 65882 (October 26, 2010) (``Regulation MC Proposing Release''). The Commission is reopening the period for public comment to solicit further comment on Regulation MC in light of other more recent proposed rulemakings that concern conflicts of interest at security-based swap clearing agencies and SB SEFs.
Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
Each applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. By July 24, 2009, each applicant had redeemed all of its outstanding preferred shares. On December 18, 2009, each applicant transferred its assets to Cohen & Steers Quality Income Realty Fund, Inc., based on net asset value. Expenses of $232,022 and $255,944, respectively, incurred in connection with the reorganizations were paid by each applicant. Filing Dates: The applications were filed on January 19, 2011 and amended on February 14, 2011. Applicants' Address: 280 Park Ave., 10th Floor, New York, NY 10017.
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