🏦Change in Bank Control Notices by Federal Reserve
The Federal Reserve System issued a notice regarding applications under the Change in Bank Control Act for acquiring shares of banks or bank holding companies. It emphasizes public participation and compliance standards necessary for such acquisitions, providing insights into regulatory procedures and stakeholder engagement.
Learn More⚡Updates to RUS Electric Borrowers' Accounting Requirements
The Rural Utilities Service (RUS or the Agency), an agency of the Rural Development (RD) mission area within the U.S. Department of Agriculture (USDA), is issuing a final rule with comment to update the accounting requirements for RUS Electric Program borrowers. These changes include adding new accounts to the Uniform System of Accounts (USoA), deleting obsolete accounts and clarifying instructions and definitions for the new and some existing accounts. In addition, new accounts and general instructions are being added for partially extinguished or forgiven debt.
Learn More💰Nasdaq Proposes New Credit Rule to Enhance Trading Liquidity
The Nasdaq Stock Market has proposed a rule change to introduce a new liquidity credit aimed at incentivizing members to add displayed liquidity in equity transactions. The new structure is designed to enhance overall market quality and encourage greater trading activity across all securities.
Learn More📈Rule 18a-2
The SEC is soliciting comments on the proposed Rule 18a-2, which establishes capital requirements and risk management controls for nonbank major security-based swap participants. It mandates that these firms maintain positive tangible net worth and implement internal risk management systems, leading to potential significant start-up and compliance costs.
Learn More📈Proposed Rule Change to Amend Short Term Options Program
The Securities and Exchange Commission published a notice regarding an amendment to the Short Term Option Series Program, allowing for the listing of up to two Monday and Wednesday expirations for qualifying individual stocks and Exchange-Traded Fund Shares. This change aims to enhance trading flexibility and investor options in the options market.
Learn More📈NYSE Texas Proposes Rule Change for Connectivity Fee Schedule
The Securities and Exchange Commission has published a notice regarding NYSE Texas, Inc.'s proposed amendments to its Connectivity Fee Schedule. The changes aim to update third-party system access and data feed costs, providing additional options for users while maintaining fees for existing services. The amendments reflect evolving market demands and competitive considerations among users.
Learn More🏦SEC Commences Review of Texas Stock Exchange Registration Application
The Securities and Exchange Commission is reviewing the application filed by Texas Stock Exchange LLC for registration as a national securities exchange. This includes examining the proposed trading system, governance structure, and feedback from public comments, aiming to ensure compliance with the Securities Exchange Act of 1934.
Learn More📈NYSE National Connectivity Fee Schedule Amendments Overview
The Securities and Exchange Commission announces the proposed rule change for NYSE National, which modifies the Connectivity Fee Schedule, allowing connections to various third-party systems and data feeds. These changes aim to enhance user options and clarify associated fees, fostering a more adaptable trading environment.
Learn More📈SEC Notice on Silver Point Specialty Credit Fund Exemption Application
The SEC has issued a notice regarding an application by Silver Point Specialty Credit Fund Management for an exemption under the Investment Company Act. This exemption would allow closed-end investment companies to issue various classes of shares with differing sales loads and fees, enhancing their financing options. Hearing requests on the application are open until August 4, 2025.
Learn More📅Notice of Unified Carrier Registration Finance Subcommittee Meeting
The Unified Carrier Registration Plan Finance Subcommittee is convening to address various financial matters, including the analysis of 2027 registration fees and a review of revenues from previous years. The meeting is open to the public and will include discussions on the selection of an external auditor and updates on financial reporting.
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