The SEC issued a notice soliciting comments about extending the collection of information required by Investment Company Act Rule 23c-1(a), which permits a closed-end fund to repurchase its securities for cash if, in addition to the other requirements set forth in the rule, certain conditions are met. Comments must be submitted to the Office of Management and Budget within 30 days of the publication of this notice. See: 80 FR 18449.

The Federal Deposit Insurance Corporation ("FDIC") issued a financial institution letter with accompanying FAQs related to the revised regulatory capital rules that became effective on January 1, 2015. According to the FDIC, the FAQs are based on questions from members of the banking industry, particularly community banks. See: Financial Institution Letter.

The Office of the Comptroller of the Currency ("OCC") issued a revised and reorganized guidance for subordinated debt issued by national banks. The revised guidance is located at appendix A of the "Subordinated Debt" booklet of the Comptroller's Licensing Manual. See: OCC Updated Guidelines for Subordinated Debt; OCC Press Release.

The Office of the Comptroller of the Currency ("OCC") announced that Maryann Kennedy and Kris McIntire have been named Deputy Comptrollers for Large Bank Supervision. See: OCC Press Release.

The SEC issued an updated Investor Alert to help investors identify unauthorized or fraudulent use of the SEC seal. The Investor Alert reminds investors that the SEC does not "approve" or "endorse" any particular securities, issuers, products, loans, services, professional credentials, firms or individuals, and does not allow private entities to use its government seal. Lofchie Selected Seal Videos: Baby Seals; Singing Seal; Fighting Seals; Sealed with a Kiss; Glass Ceiling; Lucille. See: SEC Investor Alert.