On August 20th, FERC extended two pandemic emergency-related waivers pursuant to section 206 of the Federal Power Act that were set to expire on September 1st. These waivers have been extended through January 29, 2021. This extension was made in an effort to provide continued safety and flexibility for the public and the companies FERC regulates.
Continue reading "FERC Extends COVID-19 Pandemic Emergency Waivers" »
Wednesday, August 26. 2020
SEC Issues New Ruling to Ensure Public Notice, Comment, and Approval Prior to Effectiveness of NMS Plan Fees
On August 19th, the SEC voted to overturn a rule exception that allowed a proposed national market system (NMS) plan fee amendment to become effective upon filing before review and comment by investors and other market participants. The fee exception contained in Rule 608(b)(3)(1) of Regulation NMS allowed a fee amendment to become effective immediately upon filing with the SEC, and an NMS plan could start charging the new fee before an opportunity for public comment and without SEC action. Also, Rule 608 did not include specific timelines for public notice and SEC action on NMS plan proposals. Continue reading "SEC Issues New Ruling to Ensure Public Notice,..." »
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