📈Nasdaq Crypto ETF Proposal Update - SEC Regulatory Notice
The SEC has designated a longer review period for Nasdaq's proposed amendments to Rule 5711(i) related to the listing and trading of digital asset ETFs. This regulatory notice highlights the timeline for decision-making on these critical changes, reflecting the evolving landscape of cryptocurrency investments and the regulatory scrutiny they face.
Learn More📑SEC Notice on Rule 17a-7 Compliance Requirements
The SEC is requesting an extension for information collection under Rule 17a-7, requiring non-resident broker-dealers to maintain records in the U.S. This rule impacts their operational obligations and compliance costs, estimated at approximately $18,232 annually for the industry. Public comments on the necessity and burden of this information collection are invited.
Learn More💰NYSE American Proposes Fee for Limited Underwriting Members
The SEC announces NYSE American LLC's proposed rule change to adopt a $200 monthly fee for Limited Underwriting Members, which aims to enhance competitiveness in a fragmented market. This fee is designed to attract brokers acting as principal underwriters for public offerings, addressing compliance and financial structures in the sector.
Learn More📈NYSE Proposes Amendments to Order Routing Rule 7.37
The NYSE proposes to amend Rule 7.37, allowing order routing to additional Away Markets not displaying protected quotations. This change aims to promote optional routing functionality, enhance trading opportunities for member organizations, and improve market transparency, aligning rules with affiliated exchanges. Comments from the public on the rule change are solicited by the SEC.
Learn More📈NYSE Texas Amends Rule for Data Feeds and Compliance
The NYSE Texas is proposing an amendment to Rule 7.37 to specify its primary and secondary sources of data feeds for order handling, execution, routing, and compliance, particularly in light of the upcoming launch of the 24X National Exchange. This change aims to enhance market transparency and operational clarity for all participants.
Learn More🚫OFAC Sanctions Notice
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Learn More💰Cboe EDGA Proposed Fee Change for Consolidated Audit Trail
The Securities and Exchange Commission published a notice about Cboe EDGA Exchange's proposed fee change for Industry Members, aimed at recovering costs associated with the Consolidated Audit Trail (CAT). The proposal details fee structures for the remainder of 2025, covering operational expenses that ensure compliance and data management under the CAT NMS Plan.
Learn More🔓OFAC Sanctions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of persons whose property and interests in property are being unblocked and removed from the List of Specially Designated Nationals and Blocked Persons (SDN List).
Learn More📈Upcoming Federal Reserve Meeting on Leverage Ratio Standards
The Federal Reserve will hold Sunshine Act meetings to discuss proposed revisions to supplementary leverage ratio standards. The meeting is open to the public, both in-person and via webcast, providing access to important regulatory discussions relevant to businesses. Attendees must pre-register and comply with security protocols for in-person attendance.
Learn More📈Cboe BZX Proposes Changes to Opening Process for Options
The Securities and Exchange Commission is considering a rule change proposed by Cboe BZX Exchange to amend the opening process for simple orders in exclusively listed index option classes. This adjustment aims to enhance market efficiency by potentially reducing delays in trading openings, thus benefiting market participants.
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