📈SEC Adjusts Transaction Fee Rates to $0.00 for FY 2025
The Securities and Exchange Commission has ordered annual adjustments to transaction fee rates for fiscal year 2025. Under the adjustments, the new uniform rate will be set at $0.00 per million on covered sales, following established methodologies to ensure compliance with the Securities Exchange Act of 1934.
Learn More📊SEC Solicits Comments on Appendix F to Rule 15c3-1
The SEC is requesting comments on existing information collection for Appendix F to Rule 15c3-1 related to OTC derivatives dealers. The regulation outlines the criteria for calculating net capital charges in lieu of traditional methods, emphasizing the importance of accurate reporting and internal risk management systems. Comments are invited concerning the necessity and burden of the information collection process.
Learn More🏦Change in Bank Control Notices Impacting Acquisitions of Banks
The Federal Reserve System announces applications for bank control changes under the Change in Bank Control Act. This includes public comment opportunities and guidelines for the review of acquisition applications pertaining to bank shares. It highlights the regulatory considerations and compliance for potential stakeholders involved in bank ownership changes.
Learn More📄SEC Notice
The SEC announces a request for extension of Rule 0-2 and Form ADV-NR, which facilitates service of process on non-resident investment advisers. This aims to ensure accountability for entities operating in the U.S. market but not residing domestically, specifying necessary filing procedures and compliance within federal securities laws.
Learn More📈SEC Rule 204A-1
The SEC is seeking an extension for the information collection associated with Rule 204A-1, which requires investment advisers to implement and maintain a code of ethics governing the conduct of their staff and personal securities transactions. This includes safeguards for nonpublic information and reporting standards for potential violations.
Learn More📈CFTC Announces Compliance Reporting Requirements for Chief Compliance Officers
The Commodity Futures Trading Commission ("Commission" or "CFTC") is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the collections of information mandated by Commission Regulation 3.3 (Chief Compliance Officer).
Learn More⚖️NYSE Proposes Rule Change for Pre-Trade Risk Controls on Trading
The Securities and Exchange Commission has announced a proposed amendment by the New York Stock Exchange to modify the pre-trade risk controls accessible to Floor brokers. The adjustment aims to streamline the process, allowing only member organizations to set specific controls, reinforcing their compliance and risk management responsibilities.
Learn More📈FICC Proposes Changes to Recovery and Wind-Down Plans
The SEC has published a notice for the proposed amendments to the Recovery and Wind-Down Plan by the Fixed Income Clearing Corporation (FICC). These amendments reflect recent business developments, improve clarity, and ensure compliance with regulatory requirements essential for maintaining operations and services during potential recovery scenarios.
Learn More📈DTC Proposed Rule Change for Recovery and Wind-Down Plan
The SEC published a notice regarding a proposed rule change by the Depository Trust Company (DTC) to amend its Recovery and Wind-Down Plan. The changes reflect recent business developments and aim to enhance clarity and efficiency in risk management protocols, thereby ensuring continued access to critical services in liquidity or credit crises.
Learn More📈Proposed Amendments to NSCC Recovery and Wind-Down Plan
The Securities and Exchange Commission has published notice of the National Securities Clearing Corporation's proposed amendments to its Recovery and Wind-Down Plan. These amendments are aimed at reflecting recent business developments, enhancing clarity, and ensuring effective risk management practices in maintaining continuous critical services essential for market stability. The plan outlines strategies for recovery and orderly wind-down of operations under stress scenarios.
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