📈OCC Rule Change Proposal for Options Clearing Agreement Approved
The proposed rule change involves the adoption of a new Participant Exchange Agreement by the Options Clearing Corporation (OCC), replacing the outdated version. This update aims to align the terms with current regulations and practices while addressing financial risks and enhancing operational efficiency between the OCC and national securities exchanges.
Learn More📜SEC Approves Regulatory Responsibility Allocation Among SROs
The Securities and Exchange Commission (SEC) has approved amendments to a regulatory plan for allocating responsibilities among various self-regulatory organizations (SROs). This plan aims to foster cooperation, eliminate regulatory duplication, and enhance compliance efforts for broker-dealers that belong to multiple SROs, ultimately supporting a more efficient regulatory framework in the financial markets.
Learn More🐧SEC Notice on Canary PENGU ETF Trading Proposal
The SEC publishes a notice regarding a proposed rule change by Cboe BZX Exchange for listing and trading shares of the Canary PENGU ETF. The proposal aims to clarify compliance and trading conditions for the newly established commodity-based trust shares connected to digital assets like PENGU and Pudgy Penguin NFTs, inviting public comment on its regulatory framework.
Learn More📊CFTC Notice on Information Collection Review and Business Impact
In compliance with the Paperwork Reduction Act of 1995 ("PRA"), this notice announces that the Information Collection Request ("ICR") abstracted below has been forwarded to the Office of Information and Regulatory Affairs ("OIRA"), of the Office of Management and Budget ("OMB"), for review and comment. The ICR describes the nature of the information collection and its expected costs and burden.
Learn More⚖️Nasdaq PHLX Proposes Amendment to Port Fee Pricing Structure
The Nasdaq PHLX is proposing a rule change that exempts Port Fees for pre-production ports acquired in anticipation of a technology migration. This initiative aims to facilitate member testing and participation as the Exchange transitions to a new technology platform planned for November 2025. The amendment seeks to enhance operational efficiency during the migration phase.
Learn More💰Analysis of Treasury's Debt Management Advisory Committee Meeting
The Department of the Treasury has announced a meeting for the Debt Management Advisory Committee to discuss critical issues surrounding the economy, financial markets, and debt management practices. The committee's recommendations aim to guide the Treasury's financial strategies and operations, though details of deliberations will remain confidential to avoid market speculation.
Learn More💰Proposed Rule Change for Bitcoin Options Trading by SEC
The SEC has designated an extended review period for Nasdaq Phlx's proposed rule change, which would permit the trading of FLEX options on the iShares Bitcoin Trust ETF. This decision follows a series of reviews and public comments, underscoring the significance of evolving cryptocurrency-related trading practices within regulated financial markets.
Learn More⚖️SEC Approves Amendment for Insider Trading Regulation Responsibilities
The SEC has approved amendments to the regulatory responsibility plan concerning insider trading enforcement. This approval reallocates regulatory compliance functions primarily to FINRA among involved exchanges, aiming to streamline processes and reduce redundant examinations. The agreement emphasizes cooperation among self-regulatory organizations to enhance investor protection and market integrity.
Learn More📈Nasdaq Proposes Rule Change on Transaction Credits for 2025
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed rule change to amend transaction credits at Equity 7, Section 118(a). The change aims to clarify the implementation of the M-ELO Supplemental Credit B, aligning it with original intentions. The proposal seeks to enhance competitive practices without imposing undue burdens on market participants.
Learn More📈Nasdaq Proposal for Generic Listing of Multi-Class ETFs Under Review
The SEC has extended the review period for Nasdaq's proposed rule change to adopt Rule 5703, which would allow the generic listing and trading of Multi-Class Exchange-Traded Fund Shares. The extension aims to provide adequate time for the Commission to consider the proposal and related issues before making a decision.
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