📈SEC Notice on Information Collection for Financial Risk Management
The SEC is submitting a request for an extension for Rule 18a-3, concerning minimum margin requirements for nonbank security-based swap dealers and participants. The rule stipulates the necessity for establishing risk management control systems, including procedures for monitoring counterparties' risks related to non-cleared security-based swaps. A burden estimate of 1,030 annual hours is outlined for compliance activities.
Learn More⏱️NSCC Proposes Enhancements to ACATS Account Transfer Process
The SEC published a notice regarding the NSCC's proposed rule change to enhance the Automated Customer Account Transfer Service (ACATS). The proposal aims to improve efficiency by eliminating the Settle Prep Day and the second day of the pending acknowledgment process for mutual fund transfers. This aims to expedite account transfers and align processes with the T+1 settlement cycle, enhancing overall transaction efficiency.
Learn More🌊Renewal Notice for Flood Hazard Loans Information Collection
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, "Loans in Areas Having Special Flood Hazards." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More💵Cboe Proposes Extended Fee Waiver for Silexx Trading Platform
The Cboe Exchange has filed a proposed rule change to extend the fee waiver for Cboe Silexx platforms, facilitating market participants' transition from legacy trading systems to updated functionalities. This adjustment aims to minimize costs related to duplicate fees during the migration period, promoting broader adoption of the platform.
Learn More🏠Proposed Repeal of Fair Housing and Lending Regulations
The Federal Housing Finance Agency ("FHFA" or the "Agency") is requesting comment on the notice of proposed rulemaking repealing the Fair Lending, Fair Housing, and Equitable Housing Finance Plans regulation.
Learn More📈Updates to Options Clearing Corporation By-Laws and Regulatory Changes
The Securities and Exchange Commission publishes a notice regarding proposed rule changes by The Options Clearing Corporation to amend its By-Laws, allowing Clearing Members to submit adjustments to positions for any purpose permissible under Exchange rules. This change aims to harmonize OCC's regulations with Exchange standards and facilitate clearer operational processes for market participants.
Learn More🏠OCC Seeks Comments on Reverse Mortgage Compliance Guidance
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, "Reverse Mortgage Products: Guidance for Managing Compliance and Risks" (Guidance). The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More📈NYSE Arca Implements Temporary Decrease in Options Regulatory Fee
The Securities and Exchange Commission published a notice regarding NYSE Arca's proposed temporary reduction of the Options Regulatory Fee (ORF). The change aims to adjust the fee from $0.0038 to $0.0023 per contract, responding to recent options trading volumes and regulatory costs.
Learn More⚖️CME Securities Clearing Agency Registration Regulatory Notice
The Securities and Exchange Commission has issued a notice regarding the CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The notice details the extension of the review period aimed at assessing the application’s compliance with regulatory requirements due to its novel operational structure involving different types of participants.
Learn More📈SEC Rule Change for MEMX Execution Services
The SEC is proposing amendments to MEMX LLC's rules to clarify membership requirements for brokers and dealers and to adopt new rules governing MEMX Execution Services as an inbound router. The changes aim to align operational protocols with those of the recently approved national securities exchange, MX2, while removing obsolete rule provisions.
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