📊Proposed Information Collection Request by Federal Reserve
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Report of Net Debit Cap and Max Cap Resolution (FR 2226; OMB No. 7100-0217).
Learn More💰Proposed Changes to Options Regulatory Fee Impacting Businesses
The Miami International Securities Exchange proposes a temporary decrease in the Options Regulatory Fee, reducing it from $0.0019 to $0.0015 per contract until year-end, followed by a proposed increase to $0.0017 in 2026. This aims to balance regulatory costs associated with options trading amidst high trading volumes and industry volatility.
Learn More📊MIAX Pearl Proposes Changes to Options Regulatory Fee Structure
The Securities and Exchange Commission published a notice regarding MIAX Pearl's proposed rule change to adjust the Options Regulatory Fee (ORF). The proposal includes a temporary reduction of the fee from $0.0018 to $0.0014 per contract and an increase to $0.0016 starting January 1, 2026, reflecting recent trading volumes and regulatory costs.
Learn More🏦SEC Notice
The SEC notice details a proposed rule change by the Depository Trust Company to decommission the Initial Public Offering Tracking System, an optional service utilized to monitor IPO share movement. The change aims to streamline DTC services and improve operational efficiency due to declining usage and market evolution. The associated fee for this service will also be eliminated.
Learn More📄Supervisory Designation Procedures by CFPB on Nonbank Entities
The Consumer Financial Protection Bureau (CFPB or Bureau) is rescinding the amendments it adopted in April 2022, November 2022, and April 2024, to the Procedures for Supervisory Designation Proceedings, with the exception of some limited process adjustments.
Learn More🕵️♂️Cboe Proposes Rule Change for Fingerprint-Based Background Checks
Cboe Exchange, Inc. proposes to amend Rule 7.10 to align with Section 17(f)(2) of the Securities Exchange Act, updating the requirements for fingerprint-based background checks on its personnel and contractors. The change seeks to enhance security by formalizing screening processes while excluding certain contractor classifications from existing fingerprint mandates.
Learn More📈SEC's Proposed Rule Changes Impacting Financial Clearing Agencies
The SEC has announced the designation of a longer period for reviewing proposed rule changes related to system disruptions by the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. Comments have been received, and the Commission emphasizes the need for sufficient time to evaluate the changes before approval or disapproval.
Learn More🏦Applications for Bank Holding Company Mergers and Acquisitions
The Federal Reserve System has issued a notice regarding applications for the formations, acquisitions, and mergers of bank holding companies. The notice includes details on public comments concerning these applications, compliance with the Bank Holding Company Act, and the relevant regulatory processes. Comments from the public must be submitted by a specified deadline.
Learn More📈SEC Requests OMB Extension for Rule 19b-4(e) Compliance
The Securities and Exchange Commission (SEC) is submitting a request to the Office of Management and Budget (OMB) for an extension regarding the information collection activities related to Rule 19b-4(e). This rule allows self-regulatory organizations to list new derivative securities products without prior approval, but requires public reporting of relevant information to maintain accurate records.
Learn More📊SEC Requests Comments on Investment Company Compliance Rule
The Securities and Exchange Commission seeks public comments on the proposed collection of information related to Rule 18f-1 and Form N-18F-1. This rule outlines requirements for registered investment companies that opt for cash redemptions, with a focus on the reduction of reporting burdens and the necessity of compliance.
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