💰SEC Notice on NYSE CAT Fees for Industry Members in 2025
The SEC has published a notice regarding proposed rule changes by NYSE National to establish fees for Industry Members related to the budgeted costs of the Consolidated Audit Trail (CAT) for the period from July 1 to December 31, 2025. The notice seeks comments on these fee implementations, which will affect securities trading practices.
Learn More💰Proposed Rule Change for CAT Fees Impacting Industry Members
The SEC is announcing a proposed rule change by NYSE Texas to establish fees for industry members to cover budgeted costs of the National Market System Plan for the Consolidated Audit Trail. The fee will replace a previous fee and is intended for a six-month period, impacting industry financial obligations significantly.
Learn More📈SEC Sunshine Act Closed Meeting – Business Implications Overview
The SEC has scheduled a closed meeting to discuss critical matters including injunctive actions and administrative proceedings. This session is restricted to select SEC officials and may alter future regulatory priorities, presenting potential implications for businesses involved in securities and compliance activities. Changes in meeting schedules will be posted on the SEC's website.
Learn More💰SEC Proposal for In-Kind Transactions in Bitwise Bitcoin and Ethereum ETFs
The Securities and Exchange Commission has published a notice regarding NYSE Arca's proposed amendments to allow in-kind creations and redemptions for the Bitwise Bitcoin ETF and Ethereum ETF. This change aims to enhance trading efficiency and operational flexibility for Authorized Participants, fostering improved market dynamics for these cryptocurrency investment trusts.
Learn More📋Consumer Protections for Insurance Sales by Depository Institutions
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, "Consumer Protections for Depository Institution Sales of Insurance." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More💰Proposed CAT Fee Rule Changes Affect Industry Financials
The SEC has published a notice on a proposed rule change regarding the MIAX PEARL Exchange’s fee schedule for the Consolidated Audit Trail. The proposal aims to adjust fees for industry members based on budgeted costs for maintaining the national market system plan, impacting trading costs significantly.
Learn More📈Changes to Cross-Margining Agreement Impacting Financial Operations
The document details the Securities and Exchange Commission's approval of a revised Cross-Margining Agreement between the Fixed Income Clearing Corporation and the Chicago Mercantile Exchange. Key changes address the management of proprietary positions, margin requirements, and customer protections to enhance efficiency and risk management in financial operations.
Learn More📈SEC Notice on Wedbush Fund Exemption Application Analysis
The SEC issued a notice regarding an application from Wedbush Series Trust and Wedbush Fund Advisers, LLC for exemptions under the Investment Company Act of 1940. This would allow them to amend subadvisory agreements without needing shareholder approval and reduce specific disclosure requirements related to fees, subject to potential hearings.
Learn More📋NCUA Regulatory Review
As contemplated by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), the NCUA Board (Board) is voluntarily reviewing agency regulations to identify rules that are outdated, unnecessary, or unduly burdensome on federally insured credit unions. The NCUA is not statutorily required to undertake the EGRPRA review; however, the Board has elected to participate in the decennial review process. The NCUA divided its regulations into 10 categories outlined in the included chart. Over approximately 2 years, the NCUA is publishing four Federal Register documents each requesting comment on multiple categories of regulations. This second Federal Register document requests comment on regulations in the categories of "Agency Programs," "Capital," and "Consumer Protection." The NCUA will address the remaining five categories in the next two documents.
Learn More📄SEC Notice on DTC Settlement Service Guide Amendments
The SEC published a notice regarding the proposed rule change by The Depository Trust Company (DTC), which aims to amend its Settlement Service Guide. The changes involve technical adjustments to the Memo Segregation function and updates to DTC's mailing address, promoting accurate information and compliance for participants engaged in securities transactions.
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