💰SEC Proposes Rule Change for In-Kind ETF Transactions
The Securities and Exchange Commission (SEC) has published a notice regarding the proposed rule change by the Cboe BZX Exchange to allow in-kind creations and redemptions for the Franklin Bitcoin ETF, Franklin Ethereum ETF, and the Franklin Crypto Index ETF. This change aims to enhance market efficiency and liquidity for authorized participants, impacting the trading dynamics of these funds.
Learn More⚖️OCC Introduces Intraday Risk Charge for Margin Requirements
The SEC has approved the OCC's proposed rule change to implement an Intraday Risk Charge, aimed at addressing the risks from intraday and overnight trading activities. The new margin add-on charge will apply to all Clearing Member accounts, reflecting increased exposure from short-dated options trading and ensuring adequate collateral management for potential defaults.
Learn More📈NYSE Proposes Fee Exemption for First Five Years of Listing
The SEC published a notice regarding NYSE's proposed amendment to reduce listing fees for issuers listing a primary class of common equity. The amendment aims to exempt new listings from additional fees during their first five years, enhancing predictability for companies' financial planning and encouraging more firms to take public equity.
Learn More📈SEC Proposal for P.M.-Settled Options on S&P 500 Equal Weight Index
The SEC has published a notice for a proposed rule change allowing Cboe Exchange to list and trade p.m.-settled options on the S&P 500 Equal Weight Index. This change aims to provide additional trading opportunities and more precise risk management options for investors, thereby enhancing market participation and investment strategies.
Learn More📊NYSE Texas Amends Fee Schedule to Boost Trading Incentives
The NYSE Texas proposes a rule change to amend its Fee Schedule, increasing Transaction Fee Credits and Clearing Submission Fee Credits to incentivize enhanced trading and clearing activities. This effort responds to the competitive market landscape and aims to attract order flow to the Exchange, promoting market participation and liquidity.
Learn More🏦FDIC Notice
The Federal Deposit Insurance Corporation (FDIC) announces the termination of Receiverships for the First Bank of Beverly Hills and Liberty Bank, effective April 1, 2025. This release of the banks from Receivership allows them to resume independent operations. The FDIC has authorized necessary actions to complete these transitions.
Learn More💰Interest Rate Notice for Immigration Bonds by Treasury Department
For the period beginning April 1, 2025, and ending on June 30, 2025, the U.S. Immigration and Customs Enforcement Immigration Bond interest rate is 3 per centum per annum.
Learn More📈SEC Notice for RJ Private Credit Income Fund Exemption Application
The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.
Learn More🪙SEC Meeting on Tokenization
The SEC's Crypto Task Force is hosting a public meeting to discuss the implications of tokenization in finance, exploring how traditional finance (TradFi) and decentralized finance (DeFi) intersect. The roundtable invites public participation and aims to shape future regulatory guidelines on asset tokenization, providing stakeholders with a platform to voice their insights.
Learn More📈New Compliance Requirements for Non-Centrally Cleared Repo Transactions
The Office of Financial Research (the "Office") within the U.S. Department of the Treasury ("Treasury") is extending the compliance date for certain financial companies to report to the Office certain non-centrally cleared bilateral transactions in the U.S. repurchase agreement ("repo") market. This data collection requires daily reporting to the Office by certain brokers, dealers, and other financial companies with large exposures to non-centrally cleared bilateral repo ("NCCBR") transactions.
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