💹Cboe BZX Exchange Fee Schedule Changes and Implications for Businesses
The Cboe BZX Exchange announces a proposed amendment to its fee schedule, adjusting volume tiers and rebates in response to competitive market dynamics. The changes include revising criteria for Add Volume Tiers and introducing an Ex-Subdollar ADAV calculation to enhance liquidity incentives, ultimately promoting increased market participation and trading volume.
Learn More📉Morgan Stanley Impact SBIC LP License Surrender by SBA
The Small Business Administration has declared the license of Morgan Stanley Impact SBIC LP as null and void, following its authority under the Small Business Investment Act of 1958. This action may influence investment company operations and small business funding opportunities.
Learn More💵DTC Proposes Amendments to Settlement Service Guide for Wire Instructions
The Securities and Exchange Commission announces a proposed rule change by The Depository Trust Company to amend its Settlement Service Guide. This change updates the wire instruction formats for settlement payments in response to the Federal Reserve's transition to the ISO 20022 messaging standard, ensuring compliance with current industry practices.
Learn More📉SEC Closed Meeting on Sunshine Act - Business Implications
The SEC announces a closed meeting to discuss critical matters, including injunctive actions and administrative proceedings. The meeting will take place remotely and at the Commission's headquarters, focusing on topics pertinent to compliance and enforcement. Specific personnel will attend, and any changes to the meeting's schedule will be announced on the SEC's website.
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🏦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💰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📈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📈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📈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.
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