📈Regulation on Correction Methods for Retired Lifecycle Funds
The Federal Retirement Thrift Investment Board (FRTIB) amends its regulation regarding the method for correcting errors involving Lifecycle Funds that no longer exist. Specifically, it reverts to the use of a constructed share price to calculate breakage and the value of negative adjustments for errors involving Lifecycle Funds that no longer exist as of June 1, 2022.
Learn More📈SEC Proposes Rule Changes for Trading Options on Commodity Trusts
The SEC is considering amendments to Rule 402, allowing the listing and trading of options on Commodity-Based Trust Shares. This proposal aims to enhance market transparency and provide investors with better hedging strategies and access to commodity investments through standardized options trading. Public comments are invited as part of the evaluation process.
Learn More💰Amendments to CAT NMS Plan Affecting Customer Data Reporting
The SEC has published a notice regarding the filing of an amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT), proposing to reduce the customer information required for reporting. The amendment aims to enhance data privacy while generating significant cost savings for the involved parties. This proposal introduces substantial changes to data handling and compliance for industry members, alongside comments from various stakeholders.
Learn More💼OCC Seeks Comments on Leveraged Lending Information Collection
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Leveraged Lending." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More📈FINRA Proposes Amendments to TRACE Reporting Regulations
The SEC publishes a notice regarding FINRA's proposed rule changes to amend TRACE reporting rules, aiming to maintain a 15-minute reporting deadline and introduce simplified allocation reporting for managed accounts. The changes intend to enhance efficiency and address compliance concerns raised by financial firms engaged in transaction reporting.
Learn More📈Nasdaq MRX Proposes Fee Discount Changes for Market Makers
The Securities and Exchange Commission has published a notice regarding Nasdaq MRX's proposed amendment to its pricing schedule, which aims to increase the fee discount for Market Makers when trading against Priority Customer orders originating from Affiliated Members or Entities. The changes are intended to enhance liquidity and encourage the flow of customer orders to the exchange, impacting trading operations within the options market.
Learn More📈NYSE Connectivity Fee Schedule Proposed Rule Changes
The SEC issued a notice extending the review period for proposed rule changes by various NYSE organizations related to connectivity fees. These changes aim to amend the fee structure for connections to trading floors from the Mahwah Data Center, reflecting the exchanges' evolving operational costs and regulatory considerations.
Learn More📅Extension of Form PF Compliance Date for Investment Advisers
The Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") (collectively, "we" or "Commissions") are further extending the compliance date for the amendments to Form PF that were adopted on February 8, 2024, from June 12, 2025, to October 1, 2025. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator ("CPO") or commodity trading adviser ("CTA").
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The SEC issued a notice regarding an application for order allowing certain business development companies to co-invest in portfolio companies. The order seeks to promote collaborative investment strategies among BDCs and affiliated entities by granting exemptions from specific prohibitions under the Investment Company Act of 1940.
Learn More💹MEMX Announces Supplemental Warrants Program to Boost Options Trading
The Securities and Exchange Commission has published a notice regarding MEMX LLC's filing for a Supplemental Warrants Program aimed at enhancing participation in its options market. This program is designed to supplement existing equity rights, providing traders with warrants that vest based on increased trading volumes, thereby encouraging liquidity and market participation.
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