"In replanning the World Trade Center site and connecting it back to the city fabric, the opportunity arose to solve West Street once and for all," said John Belle of Beyer Blinder Belle, the architectural firm largely responsible for the planning concepts released in July by the Lower Manhattan Development Corporation and the Port Authority of New York and New Jersey.
The agency's so-called concept release, a preliminary step in rule-making, kicks off what is likely to be a lengthy examination of an often-overlooked feature of the investment company world.
The S.E.C.'s concept release approved on Wednesday will take the review a step further, asking the public to weigh in on funds' use of derivatives and the current regulatory landscape.
The concept release, according to the S.E.C.'s chairwoman, Mary L. Schapiro, will help the agency "determine whether we should update the regulatory regime for the benefit of fund investors".
The Regulation of Hedge Funds In December 2011, Mary L. Schapiro, chairwoman of the Securities and Exchange Commission, announced that the commission intended to issue a concept release exploring the modernization of beneficial ownership reporting obligations.
The commission voted unanimously to issue what it calls a concept release, which seeks comment on three broad areas of the proxy system: the accuracy, transparency and efficiency of the voting process; communications and shareholder participation; and the relationship between voting power and economic interest.
There'll be a concept release coming out in January.
At this stage it's being looked at as more a proof-of-concept release than anything else, and Migicovsky points out that there's a "99% chance" that the team will revamp some of the underlying APIs involved.
Through a case study it will be creates a conceptual model in methodological way, namely that exemplifies the main phases of automotive projects: the quote, concept, release of design, testing and qualification of product and final phase of preparing and launching in series production.
Read the concept release here.
