AGENCYTITLESUMMARYSTATUSCLASSIFICATIONALERT TYPEFILING TYPEORIGINAL PUBLICATIONLATEST UPDATEREGALYTICS ALERT ID
Alabama State GovernmentGovernor's Coronavirus Preparations Protocol Continuity of government services; Coronavirus Task Force created.NewStatePress ReleaseSingle03/11/202003/11/2020AL78648723t1452020031144
Alaska Office of the GovernorAdministrative Order No. 315: COVID-19 ResponseTo establish , coordinate, and manage an information management structure to monitor COVID-19 developments, provide public health information, make recommendations for further responses, and implement actions to address the COVID-19 outbreak. NewStateAdministrative OrdersSingle03/11/202003/11/2020AKOOG165165No31520200311
Alaska Office of the GovernorGovernor Issues Public Health Disaster Emergency Declaration for COVID-19Alaska Governor Mike Dunleavy today issued a declaration of public health disaster emergency in response to the COVID-19 anticipated outbreak. The declaration initiates a unified command structure between the Alaska Department of Health and Social Services (DHSS), Alaska Department of Military and Veterans Affairs (DMVA), and the Department of Public Safety (DPS), and fully engages state departments to utilize all capabilities to ensure a swift and effective COVID-19 response.NewStatePress ReleaseSingle03/11/202003/11/2020AKOOG1651116OVID1920200311
Cboe BYX Exchange, Inc.Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Amend the Fee ScheduleCboe BYX Exchange, Inc. (the “Exchange” or “BZX”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend the fee schedule. NewSROProposed RuleSingle03/11/202003/11/2020SEC68103488359SRCboeBYX202000820200311
Cboe EDGA Exchange, Inc. Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt the Dark Routing Technique Routing Option; to Eliminate References to the ROUD, ROUE, and ROUQ Routing Options; and to Reflect Additional Routing Strategies for Which the Exchange May Route Orders with a Short Sale Instruction Cboe EDGA Exchange, Inc. (the “Exchange” or “EDGA”) proposes to make certain changes to Rule 11.11 (Routing to Away Trading Centers) and to make corresponding amendments to its Fee Schedule.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488326SRCboeEDGA202000620200305
Cboe EDGA Exchange, Inc.Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Fee Schedule Applicable to Members and Non-Members of the Exchange Pursuant to EDGA Rules 15.1(a) and (c)Cboe EDGA Exchange, Inc. (the “Exchange” or “EDGA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend the fee schedule applicable to Members and non-Members of the Exchange pursuant to EDGA Rules 15.1(a) and (c).UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488327SRCboeEDGA202000720200305
CBOE EDGX Exchange, IncNotice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fee ScheduleCboe EDGX Exchange, Inc. (the “Exchange” or “EDGX” or “EDGX Equities”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend its fee schedule.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488328SRCboeEDGX202001120200305
CBOE Global Markets, Inc.CBOE Video: The VIX Index Remaining at 50s LevelsVolatility remains elevated due to #coronavirus (COVID-19) as the $VIX Index rises to 52. Plus, Joe Tigay compares the current market environment to the financial crisis of 2008-09.NewSROVideo UpdateSingle03/11/202003/11/2020CBOE1713663720200311
Commerce Department; International Trade Administration30-Day Comment Request on Information Collection, Renewal of Self-Certification to the EU–U.S. and Swiss-U.S. Privacy Shield FrameworksThe Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35). Privacy Shield provides U.S. organizations a reliable mechanism for personal data transfers to the United States from the EU and Switzerland, while ensuring data protection that is consistent with EU and Swiss law. To participate, an organization must (a) be subject to the investigatory and enforcement powers of the Federal Trade Commission, the Department of Transportation, or another statutory body that will effectively ensure compliance with the Principles; (b) publicly declare its commitment to comply with the Principles; (c) publicly disclose its privacy policies in line with the Principles; and (d) fully implement them. Self-certification is voluntary; however, an organization’s failure to comply with the Principles after its self- certification is enforceable under Section 5 of the Federal Trade Commission Act prohibiting unfair and deceptive acts in or affecting commerce or other laws or regulations prohibiting such acts.NewFederalNoticeJoint03/11/202003/11/2020FR2020049351891
Commodity Futures Trading CommissionCFTC Postpones Agriculture Conference, Relocates March 31 Open Meeting to WashingtonLabCFTC New York City Office Hours Also Postponed; Washington, D.C. — The Commodity Futures Trading Commission today announced the following changes to previously scheduled public events due to the impact of the coronavirus.NewFederalPress ReleaseSingle03/11/202003/11/2020CFTC5555281292020200311
Connecticut Office of the GovernorGovernor Lamont Provides Update on Connecticut’s Coronavirus Preparedness and Response EffortsThe Connecticut DPH State Laboratory has confirmed a third Connecticut resident has tested positive. The patient is an elderly gentleman who lives in a private residence in New Canaan and is hospitalized at Norwalk Hospital.NewStatePress ReleaseSingle03/11/202003/11/2020CTOOG16971309420200311
Connecticut State Agency RegulationsTechnical Corrections to Certain Insurance RegulationThe proposed amendment makes technical corrections to R.C.S.A. §§38a-788-1, 38a-788-6, 38a-10-2, 38a-288-2, 38a-327-3 and 38a-799-1.The following activities have been announced today. LRRC Meeting Date Updated to 04/28/2020 11:00 AM; LRRC Decision Due Date Updated to 05/12/2020;and the LRRC Docket Number Updated to 2019-028A.UpdatedStateProposed RuleSingle03/11/202003/11/20202037TA2019026103320200311
Federal Deposit Insurance CorporationFDIC Extends Comment Period on Modernizing Agency's Signage & Advertising RequirementsThe Federal Deposit Insurance Corporation (FDIC) today extended the public comment period for its Request for Information (RFI) on potential ways to modernize the FDIC’s sign and advertising rules, last updated in 2006. Interested parties responding to FDIC’s RFI may now submit comments through April 20, 2020.NewFederalPress ReleaseSingle03/11/202003/11/2020FDIC1708658620200311
Federal Deposit Insurance CorporationFDIC QuarterlyThe FDIC Quarterly, released today, includes a feature article, 2019 Summary of Deposits Highlights. This article describes deposit and branch office trends in detail, including comparisons by geography and bank asset size. The number of U.S. banking offices continues to decline, and the article finds that the rate of decline was faster among offices in metropolitan counties, limited-service offices, and offices with lower reported levels of deposits.NewFederalBulletinSingle03/11/202003/11/2020FDIC1708651420200311
Federal Reserve; FFIEC; Federal Deposit Insurance Corporation, National Credit Union Administration: Office of the Comptroller of the Currency; Consumer Financial Protection Bureau; State Liaison CommitteeCA 20-2 / SR 20-3: Interagency Statement on Pandemic PlanningThe Federal Financial Institutions Examination Council (FFIEC) on behalf of its member agencies are issuing guidance to remind financial institutions that business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services. This guidance is an update to the 2007 Interagency Statement on Pandemic Planning as well as the “Interagency Advisory on Influenza Pandemic Preparedness” issued on March 15, 2006 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision, as well as the “Letter to Credit Union 06- CU-06 - Influenza Pandemic Preparedness” issued by the National Credit Union Administration in March 2006.NewFederalManualsSingle03/11/202003/11/2020FRB308726-3301720200311
Financial Industry Regulatory AuthorityNotice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Trade Reporting Fees Applicable to the FINRA/NYSE Trade Reporting FacilityFINRA is proposing to amend FINRA Rule 7620B (FINRA/NYSE Trade Reporting Facility Reporting Fees) to modify the trade reporting fees applicable to participants that use the FINRA/NYSE Trade Reporting Facility (“FINRA/NYSE TRF”).UpdatedSROProposed RuleSingle02/28/202003/11/2020FINRA2149SRFINRA202000644
ICE Clear Credit LLCOrder Approving Proposed Rule Change Relating to Revising the ICC Clearing Rules to Consider the Possibility of ICC Receiving Proceeds from Default InsuranceOn January 9, 2020, ICE Clear Credit LLC (“ICC”) a proposed rule change to revise its Clearing Rules (the “Rules”) to consider the possibility of ICC receiving proceeds from default insurance. The proposed rule change was published for comment in the Federal Register on January 21, 2020. The Commission did not receive comments regarding the proposed rule change. For the reasons discussed below, the Commission is approving the proposed rule change.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC2733488337SRICC202000120200305
ICE Clear U.S.Amendment to ICUS By-Laws 3.2 and 3.4ICE Clear U.S., Inc. (“ICUS”) is submitting this self-certification to amend the ICUS Rules, specifically the ICUS ByLaws. ICUS’s By-Laws govern, among other things, the composition of the ICUS Board. ICUS is proposing to amend the By-Laws, specifically Sections 3.2 and 3.4, so as to increase the maximum number of ICUS Board members from 7 to 8. NewFederalProposed RuleSingle03/11/202003/11/20207332ICE102372020031020200311
Indiana State GovernmentAG Curtis Hill leads coalition supporting Trump administration’s update of environmental rulesAttorney General Curtis Hill is leading a 16-state coalition supporting the Trump administration’s efforts to update National Environmental Policy Act (NEPA) regulations for the first time in 40 years.NewStatePress ReleaseSingle03/11/202003/11/2020INSG36531339420200311
Indiana State GovernmentHEALTH DEPARTMENT UPDATES COVID-19 CASE COUNTSThe Indiana State Department of Health (ISDH) has updated its new COVID-19 online dashboard to reflect four additional presumptive positive cases. The patients reside in Howard and Johnson counties and are all adults. This brings to 10 the number of Hoosiers who have tested positive for COVID-19. The dashboard can be found at https://on.in.gov/COVID19 and will be updated daily at 10 a.m.NewStatePress ReleaseSingle03/11/202003/11/2020INSG3653874620200311
Indiana State GovernmentIHCP to cover COVID–19 diagnostic testing without co-pays for membersThe Indiana Health Coverage Programs (IHCP) will cover COVID-19 diagnostic testing without co-pays for IHCP members.NewStatePress ReleaseSingle03/11/202003/11/2020INSG36531096920200311
Internal Revenue ServiceIRS: High-deductible health plans can cover Coronavirus costsThe Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.NewFederalPress ReleaseSingle03/11/202003/11/2020IRS194896120200311
Montana Commissioner of Securities and InsuranceMontana Insurers Waiving Some Customer Costs For Coronavirus TestingMontana's insurance commissioner has announced four major health insurance companies in the state are waiving some their customers’ costs to get tested for the new coronavirus.NewStatePress ReleaseSingle03/11/202003/11/2020MCSI3820926820200311
Nasdaq BX, Inc.Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Correct and Clarify Rules 4702(b)(3)(B) and 4703(d)The Exchange proposes to amend Rules 4702 and 4703 to correct and clarify its various descriptions of the circumstances in which the Exchange will cancel certain types of midpoint pegged Orders after they post to the Exchange Book and the National Best Bid and National Best Offer (“NBBO”) or the Inside Bid and Inside Offer subsequently shifts. The Exchange intended for these descriptions to be consistent and comprehensive, but upon review, they are somewhat discordant and confusing.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488322SRBX202000320200305
New York Stock Exchange LLCNotice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Add New Rule 46B to Permit the Appointment of Regulatory Trading Officials and Amend Rules 47 and 75On January 14, 2020, New York Stock Exchange LLC (“NYSE”) filed a proposed rule change to add new Rule 46B to permit the appointment of Regulatory Trading Officials and amend Rules 47 and 75 to review whether a bid or offer was verbalized at the point of sale in time to be eligible for inclusion in the Closing Auction. The proposed rule change was published for comment and received no comments. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission designates April 29, 2020, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to approve or disapprove, the proposed rule change.NewSROProposed RuleSingle03/11/202003/11/2020SEC68103488357SRNYSE20200320200311
New York Stock Exchange LLCNotice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend the Rule 6800 Series, the Exchange's Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit TrailOn January 3, 2020, New York Stock Exchange LLC filed a proposed rule change to amend the Exchange’s compliance rule regarding the National Market System Plan Governing the Consolidated Audit Trail. On January 14, 2020, the Exchange filed Amendment No. 1, which , was published for comment and received no comment letters. The Commission finds that it is appropriate to designate a longer period within which to take action and designates April 22, 2020, as the date by which the Commission shall either approve, disapprove, or institute proceedings.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488329SRNYSE20200120200305
New York Stock Exchange LLCNotice of Withdrawal of a Proposed Rule Change to Amend Its Rules to Add New Rule 7.19 (Pre-Trade Risk Controls)On November 27, 2019, New York Stock Exchange LLC (“NYSE” or “Exchange”) filed a proposed rule change to adopt NYSE Rule 7.19 to provide for optional pre-trade risk controls. The proposed rule change was published for comment and received two comment letters. On March 10, 2020, the Exchange withdrew the proposed rule change.NewSROProposed RuleSingle03/11/202003/11/2020SEC68103488361SRNYSE20196820200311
NYSE American LLCNotice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend the Rule 6800 Series, the Exchange's Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit TrailOn January 3, 2020, NYSE American LLC filed a proposed rule change to amend the Exchange’s compliance rule regarding the National Market System Plan Governing the Consolidated Audit Trail. On January 14, 2020, the Exchange filed Amendment No. 1, which , was published for comment and received no comment letters. The Commission finds that it is appropriate to designate a longer period within which to take action and designates April 22, 2020, as the date by which the Commission shall either approve, disapprove, or institute proceedings.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488331SRNYSEAMER20200320200305
NYSE American LLCProposal to amend its Price List to (1) revise the requirements for the current monthly quoting credit for quoting in UTP Securities, and (2) offer an additional monthly quoting credit for quoting in UTP SecuritiesThe Exchange proposes to amend its Price List to (1) revise the requirements for the current monthly quoting credit for quoting in UTP Securities, and (2) offer an additional monthly quoting credit for quoting in UTP Securities. The proposed change responds to the current competitive environment where order flow providers have a choice of where to direct orders by offering further incentives for Equity Trading Permit (“ETP”) Holders to quote and trade on the Exchange in UTP Securities. The Exchange proposes to implement the rule change on March 11, 2020.NewFederalProposed RuleSingle03/11/202003/11/20207070AMER1271720200311
NYSE Arca, Inc.Notice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend the Rule 11.6800 Series, the Exchange's Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit TrailOn January 3, 2020, NYSE Arca, Inc. filed a proposed rule change to amend the Exchange’s compliance rule regarding the National Market System Plan Governing the Consolidated Audit Trail. On January 14, 2020, the Exchange filed Amendment No. 1, which , was published for comment and received no comment letters. The Commission finds that it is appropriate to designate a longer period within which to take action and designates April 22, 2020, as the date by which the Commission shall either approve, disapprove, or institute proceedings.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488330SRNYSEArca20200120200305
NYSE Arca, Inc.Proposal to amend the NYSE Arca Equities Fees and ChargesThe Exchange proposes to amend the Fee Schedule to (1) amend the requirement to qualify for the Tape B Tier 1 pricing tier; (2) amend the per share fee for Primary Only (“PO”) Orders routed to the Nasdaq Stock Market LLC (“Nasdaq”); (3) adopt a per share fee for PO Orders routed to Cboe BZX Exchange, Inc. (“Cboe BZX”); (4) adopt a cap applicable to the Step Up Tier 4 credit in Tape B securities; and (5) amend the requirement to qualify for the tiered-rebate structure applicable to Lead Market Makers (“LMMs”), and to ETP Holders affiliated with such LMMs, that provide displayed liquidity in Tape B securities to the NYSE Arca Book. The proposed changes respond to the current competitive environment where order flow providers have a choice of where to direct liquidity-providing orders by offering further incentives for ETP Holders and LMMs to send additional displayed liquidity to the Exchange. The Exchange proposes to implement the fee changes effective March 11, 2020.NewFederalProposed RuleSingle03/11/202003/11/20207070ARCA1282120200311
NYSE Chicago, Inc.Notice of Designation of Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1, to Amend the Rule 6.6800 Series, the Exchange's Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit TrailOn January 3, 2020, NYSE Chicago, Inc. filed a proposed rule change to amend the Exchange’s compliance rule regarding the National Market System Plan Governing the Consolidated Audit Trail. On January 14, 2020, the Exchange filed Amendment No. 1, which , was published for comment and received no comment letters. The Commission finds that it is appropriate to designate a longer period within which to take action and designates April 22, 2020, as the date by which the Commission shall either approve, disapprove, or institute proceedings.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488335SRNYSECHX20200120200305
NYSE National, Inc.Notice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend the Rule 6.6800 Series, the Exchange's Compliance Rule Regarding the National Market System Plan Governing the Consolidated Audit TrailOn January 3, 2020, NYSE National, Inc. filed a proposed rule change to amend the Exchange’s compliance rule regarding the National Market System Plan Governing the Consolidated Audit Trail. On January 14, 2020, the Exchange filed Amendment No. 1, which , was published for comment and received no comment letters. The Commission finds that it is appropriate to designate a longer period within which to take action and designates April 22, 2020, as the date by which the Commission shall either approve, disapprove, or institute proceedings.UpdatedSROProposed RuleSingle03/05/202003/11/2020SEC68103488332SRNYSENAT20200120200305
Office of Foreign Assets ControlKingpin Act Designations and Designations Updates; Zimbabwe Designations and Designations RemovalsOFAC has updated its SDN List. Please visit the URL below to view this actionNewFederalPress ReleaseSingle03/11/202003/11/2020OLAF418413LS869720200311
Pennsylvania Insurance DepartmentGov Wolf: State’s Major Health Insurers are Covering COVID-19 Testing, Resources Available Related to COVID-19 and Insurance Coverage​Governor Tom Wolf announced today that all major health insurers providing comprehensive medical coverage in the commonwealth will cover medically appropriate COVID-19 diagnostic testing and associated treatment for consumers and have committed to waive any cost-sharing for the testing.NewStatePress ReleaseSingle03/11/202003/11/20206433PAINS13341820200311
Pennsylvania Insurance DepartmentGov. Wolf Highlights Critical Need for Access to Care During COVID-19 OutbreakGovernor Tom Wolf announced today that the Pennsylvania Insurance Department, in collaboration with the Department of Health, is submitting for publication a notice Opens In A New Window to the Pennsylvania Bulletin outlining proactive steps and recommendations for consumers and major health insurers to help mitigate the potential impact of COVID-19 in Pennsylvania. NewStatePress ReleaseSingle03/11/202003/11/20206433PAINS7841920200311
Rhode Island State GovernmentBoard coordinates with Department of Health to ensure polling place readiness on April 28 and encourages voters to cast mail ballots.Due to the presence of the Covid-19 Coronavirus in Rhode Island, the Board of Elections is coordinating with the RI Department of Health and other state agencies to ensure that polling places are prepared for the Presidential Preference Primary to be held on April 28. NewStatePress ReleaseSingle03/11/202003/11/2020RIGOV17103413320200311
Securities and Exchange Commission30-Day Comment Request on information Collection, Extension of Form D (Sales Reliant on Exemption under Regulation D)The Securities and Exchange Commission has submitted to the Office of Management and Budget the Extension of Form D (Sales Reliant on Exemption under Regulation D). Form D is a notice of sales filed by issuers making an offering of securities in reliance on an exemption under Regulation D or Section 4(a)(5) of the Securities Act of 1933 (15 U.S.C. 77d(a)(5)). Regulation D sets forth rules governing the limited offer and sale of securities without Securities Act registration. The purpose of Form D is to collect empirical data, which provides a continuing basis for action by the Commission either in terms of amending existing rules and regulations or proposing new ones. In addition, the Form D allows the Commission to elicit information necessary in assessing the effectiveness of Regulation D and Section 4(6) of the Securities Act of 1933 (15 U.S.C. 77d(6)) as capital-raising devices for all businesses. Form D information is required to obtain or retain benefits under Regulation D.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049451891
Securities and Exchange Commission30-Day Comment Request on Information Collection, Extension of Regulation D Rule 504(b)(3) (Felons and Other Bad Actors Disclosure Statement)The Securities and Exchange Commission has submitted to the Office of Management and Budget this request for extension of Extension of Regulation D Rule 504(b)(3) (Felons and Other Bad Actors Disclosure Statement). Regulation D Rule 504(b)(3) provides that no exemption under Rule 504 shall be available for the securities of any issuer if such issuer would be subject to disqualification under Rule 506(d) of Regulation D on or after January 20, 2017; provided that disclosure of prior ‘‘bad actor’’ events shall be required in accordance with Rule 506(e) of Regulation D. Rule 504(b)(3) requires the issuer in a Rule 504 offering to furnish to each purchaser, a reasonable time prior to sale, a written description of any disqualifying events that occurred before effectiveness of the amendments to Rule 504 (i.e., before January 20, 2017) and within the time periods described in the list of disqualification events set forth in Rule 506(d)(1) of Regulation D, for the issuer or any other ‘‘covered person’’ associated with the offering.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049471891
Securities and Exchange Commission30-Day Comment Request on Information Collection, Extension of Rule 147(f)(1)(iii) (Written Representation as to Purchaser Residency)The Securities and Exchange Commission has submitted to the Office of Management and Budget this request for the Extension of Rule 147(f)(1)(iii) (Written Representation as to Purchaser Residency). Rule 147 is a safe harbor under the Securities Act Section 3(a)(11)(15 U.S.C. 77c(a)(11)) exemption from registration. To qualify for the safe harbor, Rule 147(f)(1)(iii) will require the issuer to obtain from the purchaser a written representation as to the purchaser’s residency. Under Rule 147, the purchaser in the offering must be a resident of the same state or territory in which the issuer is a resident. While the formal representation of residency by itself is not sufficient to establish a reasonable belief that such purchasers are in-state residents, the representation requirement, together with the reasonable belief standard, may result in better compliance with the rule and maintaining appropriate investor protections. The representation of residency is not provided to the Commission.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049481891
Securities and Exchange Commission30-Day Comment Request on Information Collection, Extension of Rule 147A(f)(1)(iii) (Written Representation as to Purchaser Residency)The Securities and Exchange Commission has submitted to the Office of Management and Budget Extension of Rule 147A(f)(1)(iii) (Written Representation as to Purchaser Residency). This request for the Rule 147A(f)(1)(iii) (17 CFR 230.147A(f)(1)(iii)) requires the issuer to obtain from the purchaser a written representation as to the purchase's residency in order to qualify for safe harbor under Securities Act Rule 147A (17 CFR 230.147A). Rule 147A is an exemption from registration under Securities Act Section 28 (15 U.S.C. 77z–3). Under Rule 147A, the purchaser in the offering must be a resident of the same state or territory in which the issuer is a resident. While the formal representation of residency by itself is not sufficient to establish a reasonable belief that such purchasers are in-state residents, the representation requirement, together with the reasonable belief standard, may result in better compliance with the rule and maintaining appropriate investor protections. The representation of residency is not provided to the Commission.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049491891
Securities and Exchange Commission60-Day Comment Request on Information Collection, Extension of Form 144 (Reporting the Sale of Securities During 3-Month Period)The Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the Extension of Form 144 (Reporting the Sale of Securities During 3-Month Period). Form 144 is used to report the sale of securities during any three-month period that exceeds 5,000 shares or other units or has an aggregate sales price that does not exceed $50,000.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049441891
Securities and Exchange Commission60-Day Comment Request on Information Collection, Extension of Form 5 (Annual Statement of Beneficial Ownership of Securities)The Securities and Exchange Commission is soliciting comments on the extension of Form 5. Under Section 16(a) of the Securities Exchange Act of 1934, every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which registered pursuant to Section 12 of the Exchange Act, or who is a director or an officer of the issuer of such security, must file statements setting forth their security holdings in the issuer with the Commission. Form 5 is an annual statement of beneficial ownership of securities.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049431891
Securities and Exchange Commission60-Day Comment Request on Information Collection, Extension of Regulation 14N and Schedule 14NThe Securities and Exchange Commission is soliciting comments on the Extension of Regulation 14N and Schedule 14N. Schedule 14N requires the filing of certain information with the Commission by shareholders who submit a nominee or nominees for director pursuant to applicable state law, or a company’s governing documents. Schedule 14N provides notice to the company of the shareholder’s intent to have the company include the shareholder’s or shareholder groups’ nominee or nominees for director in the company’s proxy materials. This information is intended to assist shareholders in making an informed voting decision with regards to any nominee or nominees put forth by a nominating shareholder or group, by allowing shareholders to gauge the nominating shareholder’s interest in the company, longevity of ownership, and intent with regard to continued ownership in the company.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049501891
Securities and Exchange Commission60-Day Comment Request on Information Collection, Extension of Rules 15Ba-1-1 Through 15Ba-1-8The Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the Extension of Rules 15Ba-1-1 Through 15Ba-1-8. On September 20, 2013 (see 78 FR 67468, November 12, 2013), the Commission adopted Rules 15Ba1–1 through 15Ba1–8 and Rule 15Bc4–1 under the Act to establish the rules by which a municipal advisor must obtain, maintain, and terminate its registration with the Commission. In addition, the rules interpret the definition of the term ‘‘municipal advisor,’’ interpret the statutory exclusions from that definition, and provide certain additional regulatory exemptions.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049461891
Securities and Exchange Commission60-Day Comment Request on Information Collection, Extension of Schedule TOThe Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the extension of Schedule TO. The purpose of Schedule TO is to improve communications between public companies and investors before companies file registration statements involving tender offer statements. Schedule TO must be filed by a reporting company that makes a tender offer for its own securities. Also, persons other than the reporting company making a tender offer for equity securities registered under Section 12 of the Exchange Act must file Schedule TO.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020049511891
Securities and Exchange CommissionExemption from 1940 Act: Two Sigma Investments, LP and Two Sigma Luna, LLC (Notice)Applicants request an order to exempt certain limited liability companies, limited partnerships, corporations, business trusts or other entities (“Funds”) organized by Two Sigma Investments, LP (“Two Sigma Investments”) and its affiliates from certain provisions of the Act. Each series of a Fund will be an “employees’ securities company” within the meaning of section 2(a)(13) of the Act. The exemption is limited as set forth in the application. An order granting the application will be issued unless the Commission orders a hearing. UpdatedFederalNoticeSingle03/05/202003/11/2020SEC276IC338118130038920200305
Securities and Exchange CommissionSEC Adopts Investor Disclosure Improvements for Variable Annuities and Variable Life Insurance ContractsThe Securities and Exchange Commission today announced that it has adopted a new rule and related form and rule amendments to simplify and streamline disclosures for investors about variable annuities and variable life insurance contracts.NewFederalPress ReleaseSingle03/11/202003/11/2020SEC3089SEC4610420200311
Securities and Exchange CommissionSunshine Act Meeting to be held on March 10, 2020 has been CancelledThe Open Meeting scheduled for Tuesday, March 10, 2020 at 9:30 a.m., has been cancelled and will be rescheduled for a future date.UpdatedFederalNoticeSingle03/11/202003/11/2020FR2020051001891
Securities and Exchange CommissionUpdated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance ContractsThe Securities and Exchange Commission is adopting rule and form amendments intended to help investors make informed investment decisions regarding variable annuity and variable life insurance contracts. The amendments modernize disclosures by using a layered disclosure approach designed to provide investors with key information relating to the contract’s terms, benefits, and risks in a concise and more reader-friendly presentation, with access to more detailed information available online and electronically or in paper format on request. New rule 498A under the Securities Act of 1933 will permit a person to satisfy its prospectus delivery obligations under the Securities Act for a variable annuity or variable life insurance contract by sending or giving a summary prospectus to investors and making the statutory prospectus available online. The rule also will consider a person to have met its prospectus delivery obligations for any portfolio companies associated with a variable annuity or variable life insurance contract if the portfolio company prospectuses are posted online. To implement the new disclosure framework, we are also amending the registration forms for variable annuity and variable life insurance contracts to update and enhance the disclosures to investors in these contracts, and to implement the proposed summary prospectus framework, and adopting amendments to our rules that will require variable contracts to use the Inline extensible Business Reporting Language (“Inline XBRL”) format for the submission of certain required disclosures in the variable contract statutory prospectus. The Commission is also taking the position that if an issuer of a discontinued contract that is discontinued as of July 1, 2020 that provides alternative disclosures does not file post-effective amendments to update a variable contract registration statement and does not provide updated prospectuses to existing investors, this would not provide a basis for enforcement action so long as investors are provided with the alternative disclosures or modernized alternative disclosures described below. We are also adopting certain technical and conforming amendments to our rules and forms, including amendments to rules relating to variable life insurance contracts, and rescinding certain related rules and forms. NewFederalFinal RuleSingle03/11/202003/11/2020SEC1085331076520200311
South Dakota State GovernmentNoem Signs Seven BillsGovernor Kristi Noem signed the following legislation today. HB1175 – An Act to define dyslexia for the purposes of special education and related services.
HB1178 – An Act to revise the seller's property condition disclosure.
HB1279 – An Act to require property owners to receive notification of property tax reduction programs.
SB5 – An Act to provide immunity for qualified mental health professionals at appropriate regional facilities.
SB16 – An Act to make an appropriation to reimburse certain health care professionals who have complied with the requirements for certain health care recruitment assistance programs and to declare an emergency.
SB37 – An Act to make an appropriation for costs related to disasters in the state and to declare an emergency.
SB65 – An Act to revise certain provisions pertaining to trusts.
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South Dakota State GovernmentTax assessment freeze program deadline approachingElderly and disabled South Dakotans have until April 1 to apply for property tax relief under South Dakota’s Assessment Freeze for the Elderly and Disabled Program.NewStatePress ReleaseSingle03/11/202003/11/2020SDGN1711d264915020200311
Texas Department of InsuranceCOVID-19 testing and preparationB-0005-20 was issued with the following classification: Life and Health; Governor Greg Abbott and the Texas Department of Insurance (TDI) are asking all health insurers and health maintenance organizations operating in Texas to take actions necessary to prevent, test, and treat coronavirus COVID-19 and report those actions to TDI. TDI strongly encourages insurers to waive consumer costs for testing. NewStateBulletinSingle03/11/202003/11/20206476TXINS3220200311
The Nasdaq Stock Market LLCNotice of Designation of Longer Period for Commission Action on Proposed Rule Change to Modify the Delisting Process for Securities with a Bid Price Below $0.10 and for Securities that Have Had One or More Reverse Stock Splits With a Cumulative Ratio of 250 or More to One Over the Prior Two-Year PeriodOn January 2, 2020, The Nasdaq Stock Market LLC filed a proposed rule change to modify the delisting process for securities that are in a bid price compliance period and have a bid price below $0.10 and for securities that have had one or more reverse stock splits with a cumulative ratio of 250 or more to one over the prior two-year period. The proposed rule change was published for comment and received no comments. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change.
Accordingly, the Commission designates April 21, 2020, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
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The Nasdaq Stock Market LLCOrder Granting Approval of a Proposed Rule Change to Amend Rule 4121(b)On January 14, 2020, The Nasdaq Stock Market LLC filed a proposed rule change to amend Rule 4121(b) concerning the resumption of trading following a Level 3 trading halt due to extraordinary market volatility. The proposed rule change was published for comment and received no comment letters. This order approves the proposed rule change. NewSROProposed RuleSingle03/11/202003/11/2020SEC68103488360SRNASDAQ202000320200311
U.S. Department of TreasuryStatement of Secretary Steven T. Mnuchin Before the U.S. House Appropriations Subcommittee on State, Foreign Operations, and Related ProgramsChairwoman Lowey, Ranking Member Rogers, and members of the Subcommittee, I am pleased to be with you today to discuss the President’s Fiscal Year (FY) 2021 Budget and the Treasury Department’s top priorities. I first want to note that the Administration, through the White House Coronavirus Task Force, is taking decisive action to address risks associated with the virus. While public health is our highest priority, we are also working on economic options to support working Americans and businesses affected by disruptions due to the spread of the virus. The Administration is also coordinating with international organizations and counterparts in other countries. We will continue to work closely with Congress on a bipartisan basis on these critical issues. The President’s FY 2021 Budget for the Treasury Department makes clear that we continue to prioritize economic growth, as well as our critical role in international affairs and national security matters. We have included in our requests $1.59 billion for International Programs. This level of funding reflects the U.S. leadership role in international financial institutions and critical debt relief programs, while ensuring that our contributions are appropriate relative to other countries. NewFederalStatementSingle03/11/202003/11/2020USDOT65251141934
U.S. Senate Committee on Banking, Housing and Urban Affairs Brown Calls On Administration to Address Federally-Assisted Housing Coronavirus ConcernsU.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – today wrote to Vice President Mike Pence, Secretary Ben Carson and Secretary Sonny Perdue asking that the Administration and the White House Coronavirus Task Force take steps to address the health and economic concerns of millions of Americans who live in federally-assisted housing properties. Brown called on the Administration to engage with residents, owners and managers of federally-assisted housing to provide guidance on how to keep residents healthy and safe and to work to prevent evictions and an increase in homelessness due to Coronavirus.NewFederalPress ReleaseSingle03/11/202003/11/2020USSCBHUA7781378820200311
U.S. Senate Committee on Banking, Housing and Urban Affairs ICYMI: Brown Again Calls For FSOC Briefing As Trump Meets With Bank CEOs, Mnuchin U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – once again called on Treasury Secretary Steven Mnuchin, Chair of the Financial Stability Oversight Council (FSOC), and FSOC member agencies to schedule a meeting of the Council and brief the Senate Committee on Banking, Housing and Urban Affairs on the Council’s plan to address the threat of an economic downturn due to coronavirus. Brown’s call follows today’s meeting at the White House with President Trump, Secretary Mnuchin and the CEOs of several banks. NewFederalPress ReleaseSingle03/11/202003/11/2020USSCBHUA7781288120200311
Virginia's Governor's OfficeFebruary 2020 General Fund Revenue Collections Down 12.4% From Previous Year, Fiscal-Year-To-Date Collections Up 6.2%Governor Ralph Northam today announced that total General Fund revenues fell 12.4 percent in February, mainly due to the on time opening of this year’s tax processing season, which resulted in twice as many refunds being issued compared with last year’s delayed opening. In addition, withholding and sales tax receipts posted solid gains for the month. On a fiscal year-to-date basis, total revenue collections rose 6.2 percent, ahead of the annual forecast of 3.2 percent growth. NewStatePress ReleaseSingle03/11/202003/11/2020VAGO37318611720200311
White HouseMemorandum on Making General Use Respirators AvailableBy the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: It is the policy of the United States to take proactive measures to prepare for and respond to public health threats, including the public health emergency involving Coronavirus Disease 2019 (COVID-19), which was declared by the Secretary of Health and Human Services on February 4, 2020, pursuant to section 564 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 360bbb-3). We must ensure that our healthcare providers have full access to the products they need. On March 10, 2020, the Secretary of Health and Human Services took action by issuing a declaration pursuant to section 319F-3 of the Public Health Service Act (42 U.S.C. 247d-6d), which will help bring products necessary for addressing the epidemic to healthcare providers across the Nation. Unfortunately, at present, public health experts anticipate shortages in the supply of personal respiratory devices (respirators) available for use by healthcare workers in mitigating further transmission of COVID-19.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0
White HousePresident Donald J. Trump Approves Wisconsin Disaster DeclarationToday, President Donald J. Trump declared that a major disaster exists in the State of Wisconsin and ordered Federal assistance to supplement State and local recovery efforts in the areas affected by a severe winter storm and flooding from January 10 to January 12, 2020.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-4
White HousePresident Donald J. Trump Has Taken Unprecedented Steps To Respond To The Coronavirus And Protect The Health And Safety Of AmericansPresident Trump is issuing a proclamation under section 212(f) of the Immigration and Nationality Act (INA) to restrict travel to the United States from foreign nationals who have recently been in certain European countries.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-1
White HouseProclamation—Suspension of Entry as Immigrants and Nonimmigrants of Certain Additional Persons Who Pose a Risk of Transmitting 2019 Novel CoronavirusOn January 31, 2020, I issued Proclamation 9984 (Suspension of Entry as Immigrants and Nonimmigrants of Persons Who Pose a Risk of Transmitting 2019 Novel Coronavirus and Other Appropriate Measures To Address This Risk). I found that the potential for widespread transmission of a novel (new) coronavirus (which has since been renamed “SARS-CoV-2” and causes the disease COVID-19) (“SARS-CoV-2” or “the virus”) by infected individuals seeking to enter the United States threatens the security of our transportation system and infrastructure and the national security. Because the outbreak of the virus was at the time centered in the People’s Republic of China, I suspended and limited the entry of all aliens who were physically present within the People’s Republic of China, excluding the Special Administrative Regions of Hong Kong and Macau, during the 14-day period preceding their entry or attempted entry into the United States, subject to certain exceptions. On February 29, 2020, in recognition of the sustained person-to-person transmission of SARS-CoV-2 in the Islamic Republic of Iran, I issued Proclamation 9992 (Suspension of Entry as Immigrants and Nonimmigrants of Certain Additional Persons Who Pose a Risk of Transmitting 2019 Novel Coronavirus), suspending and limiting the entry of all aliens who were physically present within the Islamic Republic of Iran during the 14-day period preceding their entry or attempted entry into the United States, subject to certain exceptions.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-3
White HouseRemarks by President Trump in Address to the NationMy fellow Americans: Tonight, I want to speak with you about our nation’s unprecedented response to the coronavirus outbreak that started in China and is now spreading throughout the world. Today, the World Health Organization officially announced that this is a global pandemic. We have been in frequent contact with our allies, and we are marshalling the full power of the federal government and the private sector to protect the American people. This is the most aggressive and comprehensive effort to confront a foreign virus in modern history. I am confident that by counting and continuing to take these tough measures, we will significantly reduce the threat to our citizens, and we will ultimately and expeditiously defeat this virus.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-2
White HouseRemarks by President Trump in Meeting with Bankers on COVID-19Transcript from public meeting with President Trump and CEOs of major financial institutions. Brian MOYNIHAN (Bank of America CEO): "Thank you, Mr. President. Thank you for bringing us together. The CEOs of the large banks here want you to know that because of all the work done on the capital, liquidity, and all the things, as we look forward to uncertainty due to the virus and oil price changes, we’re very strongly capitalized. We are in a great position, in terms of liquidity, capital, and strength. But more importantly, we’re doing what we do best, which is helping our teammates, importantly, but also our clients and our small-business customers and our medium-sized business customers to continue to have access to credit."NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-6
White HouseStatement from the Press SecretaryToday, President Donald J. Trump signed a Presidential Memorandum directing his Cabinet to make general use face masks available to our healthcare workers. This is yet another decisive action to safeguard the health and safety of the American people, especially our Nation’s dedicated healthcare providers, during the COVID-19 public health emergency. President Trump is focused on the health of the American people, and so his Administration has taken action to provide protection to manufacturers that will enable production of millions of additional masks for our healthcare providers.NewFederalPress ReleaseSingle03/11/202003/11/2020WH7851005420200311ble0-5
White HouseWhite House Coronavirus Task Force Announces Community Mitigation Strategies For Seattle, Santa ClaraThe White House Coronavirus Task Force today recommended 30-day mitigation strategies for Seattle-King, Pierce, and Snohomish County, Washington, and Santa Clara County, California due to widespread transmission of coronavirus disease 2019 (COVID-19). These mitigation activities are designed to address the effects of COVID-19 on areas that are experiencing community spread.NewFederalPress ReleaseSingle03/11/202003/11/2020WH78514510120200311ara0