📈Updates on SEC Rule 12d3-1
The Securities and Exchange Commission is proposing a collection of information regarding Rule 12d3-1 under the Investment Company Act of 1940. This rule allows funds to invest a small percentage of their assets in securities from businesses involved in securities-related activities, while requiring amendments to subadvisory contracts to avoid conflicts of interest, enhancing operational transparency and compliance requirements.
Learn More📈Cboe Notice on Ethereum Options Trading Regulations
The Cboe Exchange has announced a proposed rule change to allow options trading on Ethereum-based ETFs, including the Grayscale Ethereum Trust and Bitwise Ethereum ETF. This regulatory development aims to enhance investment opportunities and facilitate trading in the cryptocurrency market, promoting market transparency and efficiency while introducing new alternatives for risk management.
Learn More💵Nasdaq Options Rule Change
The Nasdaq Stock Market is proposing to amend its rules to allow options trading on five Ethereum-related trusts. This change aims to align with approvals from other exchanges and establish specific position and exercise limits for these options, fostering a more integrated trading environment for crypto assets.
Learn More📈Cboe BZX to List Options on Fidelity Ethereum Fund
The Cboe BZX Exchange has proposed a rule change to allow the listing and trading of options on the Fidelity Ethereum Fund, expanding options for investors dealing with Ethereum. This move aims to enhance market transparency and facilitate better trading strategies, including hedging opportunities in the rapidly evolving digital asset space.
Learn More📈Cboe EDGA Exchange Launches NBBO Setter Program for Market Quality
The Cboe EDGA Exchange has proposed a rule change to amend its Fee Schedule by introducing an NBBO Setter Program aimed at enhancing market quality in illiquid securities. This program features new fee code SS and a Definitions section for clarity, offering rebates to traders who set a better National Best Bid and Offer (NBBO). It emphasizes the need for competitive pricing in a dynamic market environment.
Learn More💵ICE Clear Credit Launches Client Volume Incentive Program
The SEC has announced ICE Clear Credit's proposed rule change to modify its fee schedule, introducing a Client Volume Incentive Program. This program will provide automatic tiered discounts based on clients' annual billed fees, encouraging increased engagement with credit default swap clearing services. The initiative aims to enhance market participation while maintaining equitable fees among all clients.
Learn More💰Final Rule on Late Contributions
The Federal Retirement Thrift Investment Board (FRTIB) adopts as final, without changes, the proposed rule permitting the TSP record keeper to calculate gains and losses on late contributions, makeup contributions, loan payments even when the total amount on a late payment record or total agency contributions on a current payment record is less than $1.00.
Learn More💼SEC Notice on Investment Company Exemption for Share Classes
The Securities and Exchange Commission (SEC) has issued a notice concerning an application from Monroe Capital BDC Advisors, LLC, seeking an exemption under the Investment Company Act to allow certain registered closed-end investment companies to issue multiple classes of shares with varying fees. Interested parties may request a hearing on this application.
Learn More💸Comment Request on EFT Payment Trace Information Collection
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Trace Request for Electronic Funds Transfer (EFT) Payment; and Trace Request Direct Deposit.
Learn More📉KLH Capital Fund III License Surrender Impact on Small Business Funding
The Small Business Administration has declared the Small Business Investment Company license of KLH Capital Fund III, L.P. null and void. This action results from regulatory authority under the Small Business Investment Act, which can significantly affect the financial landscape for small businesses reliant on such investment companies.
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