📈Proposed Rule Change for Basis Risk Haircut Charge by FICC
The Securities and Exchange Commission has announced a proposed rule change by the Fixed Income Clearing Corporation to add a basis risk haircut charge into margin models. The change aims to enhance the management of market risk associated with mortgage-backed securities and clarify methodologies in the QRM Methodology Document.
Learn More🏦Federal Reserve Notice on Bank Holding Companies Regulation
The notice from the Federal Reserve outlines applications for the formation and acquisition of bank holding companies under the Bank Holding Company Act. It provides details on public comment procedures and the regulatory framework governing the approval process, emphasizing transparency and public disclosure of comments received.
Learn More🏦Treasury Information Collection Notice and Business Implications
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Learn More📄SEC Notice on Proposed Amendments to Clearing Member Agreement
The Securities and Exchange Commission announces the immediate effectiveness of a proposed rule change by The Options Clearing Corporation concerning the Clearing Member Agreement. The amendment removes the requirement for an Officer's Certificate, enhancing the application process for clearing membership by accommodating diverse corporate governance practices, ultimately streamlining administrative procedures.
Learn More📈NYSE Texas Proposes Changes to Fee Schedule for Drop Copy Port
The Securities and Exchange Commission has published a notice regarding NYSE Texas's proposed rule change to amend its Fee Schedule by adding a drop copy port that mirrors the one from NYSE Arca. This optional service aims to enhance order activity tracking without imposing additional fees for redundant data streams.
Learn More📑CFPB Proposes Standard for Nonbank Supervision and Consumer Risks
The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to adopt a standard definition of "risks to consumers with regard to the offering or provision of consumer financial products or services" that will bind the Bureau in proceedings to designate nonbank covered persons for Bureau supervision. This will ensure that the Bureau acts within the bounds of its statutory authority and provide clarity to institutions about the standard the Bureau applies.
Learn More📈Cboe Introduces Fees for One-Minute Interval Trading Data
The Cboe C2 Exchange has proposed a fee structure for its new One-Minute Interval Intraday Open-Close Report, allowing firms to access detailed trading data with subscription and ad-hoc purchasing options. The proposal also includes a Qualifying Academic Discount for educational institutions, expecting to enhance insight into trading activities.
Learn More💰SEC Proposal to Increase Options Limits for Bitcoin ETFs
The SEC has published a notice regarding BOX Exchange LLC's proposed rule change to amend Position Limits for options on Grayscale Bitcoin Mini Trust ETF, Bitwise Bitcoin ETF, and Grayscale Bitcoin Trust ETF. This change aims to enhance market liquidity and encourages competitive trading environments, benefiting participants trading these options.
Learn More📈Proposed Rule Change for Nasdaq PHLX on Customer Rebates and Strategy Caps
Nasdaq PHLX announces a proposed rule change to amend the Customer Rebate Program's tier thresholds and strategy caps. The adjustments aim to incentivize increased Customer volume and minimize transaction costs for members involved in options trading, aiming to enhance overall trading activity on the exchange.
Learn More💰FinCEN Extends Measures Against Certain Mexican Financial Institutions
FinCEN is issuing notice of an order amending its three June 2025 orders, as amended by its July 2025 order, prohibiting certain transmittals of funds involving CIBanco S.A., Instituci[oacute]n de Banca Multiple (CIBanco), Intercam Banco S.A., Instituci[oacute]n de Banca Multiple (Intercam), and Vector Casa de Bolsa, S.A. de C.V. (Vector), financial institutions operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking. This order extends the effective date of the three prior orders to October 20, 2025.
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