www.sec.gov/news/press/200458.htm.* The Securities and Exchange Commission (SEC) published for comment two rules, one of which would grant thrift institutions Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. a limited exception from Investment Advisers Act requirements governing the manner and extent to which such entities may hold themselves out to the public as providers of investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal (www.sec.gov/news/press/200458.htm). The other rule would exempt thrift-sponsored collective trust funds from the Securities Exchange Act of 1934's registration and reporting requirements. Such funds allow a bank or thrift thrift: see leadwort. to manage the assets of tax-qualified pension and profit-sharing plans Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". on a pooled basis without creating an investment company, which would be subject to additional regulation as a mutual fund. Comments are due July 9. |
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