💹SEC Notice on In-Kind Transactions for VanEck Bitcoin & Ethereum Trusts
The SEC is soliciting comments on Cboe BZX Exchange's proposed rule change to permit in-kind creations and redemptions for the VanEck Bitcoin and Ethereum Trusts. This rule aims to improve market efficiency, allowing authorized participants to utilize both bitcoin and cash in transactions, which could impact pricing and trading strategies for investors and firms in these markets.
Learn More📊Proposed Market Data Fees by Long-Term Stock Exchange
The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Long-Term Stock Exchange, Inc., focusing on establishing new market data fees. This includes fees for proprietary data feeds such as Depth of Book and Top of Book, with the aim of amending the existing fee schedule effective February 14, 2025. The SEC is inviting public comments on this proposal.
Learn More📈Cboe's Proposed Rule Change for Bitcoin Options Expirations
The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange to add P.M.-settled options for the Cboe Bitcoin U.S. ETF Index and its mini version. This proposal aims to provide more flexible expirations, including daily and quarterly, enhancing trading opportunities and risk management for market participants.
Learn More📊Amendments to PTEs 2016-10 and 2016-11
This document provides notice of an amendment to Prohibited Transaction Exemptions (PTEs) 2016-10, granted to Royal Bank of Canada (together with its Current and Future Affiliates, RBC), and 2016-11, granted to Northern Trust Corporation (together with its Current and Future Affiliates, Northern) that extends the effective periods of the exemptions for up to six months if RBC and Northern meet certain conditions. The amendment to PTE 2016-10 is referred to herein as the RBC QPAM Amendment, and the amendment to PTE 2016-11 is referred to herein as the Northern QPAM Amendment (collectively, the Amendments).
Learn More📈Extension of Compliance Dates for Treasury Securities Regulations
The Securities and Exchange Commission ("Commission" or "SEC") is extending the compliance date for the amendments to the rules applicable to covered clearing agencies for U.S. Treasury securities ("U.S. Treasury securities CCAs"), which require that such covered clearing agencies have written policies and procedures reasonably designed to require that every direct participant of the covered clearing agency submit for clearance and settlement all eligible secondary market transactions in U.S. Treasury securities to which it is a counterparty and to identify and monitor its direct participants' submission of transactions for clearing, including how the U.S. Treasury securities CCA would address a failure to submit transactions, that were adopted on December 13, 2023. Specifically, the Commission is extending the compliance dates by one year, from December 31, 2025, to December 31, 2026, for eligible cash market transactions, and from June 30, 2026, to June 30, 2027, for eligible repo transactions.
Learn More📄SEC Notices Extension Request for Rule 239 Compliance
The Securities and Exchange Commission has submitted a request for an extension of information collection under Rule 239, which provides exemptions for certain security-based swaps. The notice invites public comments on the relevance and burden of the information collection process to enhance its utility and minimize compliance costs for clearing agencies.
Learn More🏠Regulatory Update
The Rural Housing Service (RHS or Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), published a final rule on January 3, 2025, to amend the current regulations for the Single Family Housing (SFH) Direct Loan Program and the SFH Guaranteed Loan Program. The March 4, 2025, effective date of that final rule is deferred to May 5, 2025.
Learn More🏦FDIC Notice
The Federal Deposit Insurance Corporation announces its intent to terminate the receivership of The National Republic Bank of Chicago. Following the completion of asset liquidation, the FDIC will issue final dividend payments to verified creditors. The termination will take effect no sooner than 30 days from the notice. Interested parties can submit written comments regarding this decision.
Learn More🏦Notice on Bank Holding Companies Formations and Acquisitions
The Federal Reserve System has published a notice concerning applications for the formation, acquisition, and merger of bank holding companies as per the Bank Holding Company Act. This includes information on how to access these applications and submit public comments on the proposed activities. The notice emphasizes transparency and public involvement in the regulatory process.
Learn More🚢OFAC Sanctions Impact on U.S. Businesses and Compliance Requirements
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels 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. The vessels placed on the SDN List have been identified as property in which a blocked person has an interest.
Learn More