📈Amendments to FICC Disruption Rules Impacting Financial Services
The Securities and Exchange Commission has published a notice regarding proposed modifications to the Fixed Income Clearing Corporation's Disruption Rules. The amendments aim to enhance the handling of participant system disruptions, define new terms, and streamline reporting processes. This initiative focuses on improving operational risk management and overall compliance within the financial services sector.
Learn More⏳Cboe EDGX Rule Change on Timestamp Granularity Compliance Exemption
The Cboe EDGX Exchange proposes a rule change to amend its compliance rule regarding timestamp granularity. This adjustment aligns with exemptive relief granted by the SEC, extending the exemption until April 8, 2030, allowing Industry Members to truncate timestamps for reporting to the Central Repository rather than rounding them.
Learn More⏳SEC Proposes Amendment to IEX Rule 11.660 on Timestamp Granularity
The SEC has published a notice for a proposed rule change by Investors Exchange LLC to amend Rule 11.660, aligning it with the 2025 Timestamp Granularity Exemption. This change extends the exemption period for the requirement on timestamp reporting practices for industry members, allowing for compliance flexibility. The amendment aims to support regulatory obligations under the Consolidated Audit Trail.
Learn More🏦Change in Bank Control Notices and Acquisition Applications
The Federal Reserve System announced changes regarding the Change in Bank Control Notices, detailing the acquisition process of shares in banks and bank holding companies. The public can inspect applications and submit comments, which are subject to disclosure, influencing regulatory outcomes and business strategies in the banking sector.
Learn More🏦Regulatory Notice on Bank Holding Companies and Mergers
The Federal Reserve System has issued a notice regarding the applications for the formation, acquisition, and merger of bank holding companies. Details on public comments and application processes are provided, inviting stakeholder input on the proposed transactions and changes in ownership structures within the banking sector.
Learn More📈New Options Trading Rules Proposed by Investors Exchange
The Investors Exchange LLC has filed Amendment No. 3 to a proposed rule change that introduces regulations to govern options trading on a new facility called IEX Options. The proposed rules outline operational structures, trading mechanisms, and compliance measures to ensure fair and orderly markets for participants in the options trading landscape.
Learn More💼OCC Requests Comments on Bank Secrecy Act Risk Assessment Revision
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 a revision to its information collection titled, "Bank Secrecy Act/Money Laundering Risk Assessment," also known as the Money Laundering Risk (MLR) System.
Learn More🔄LCH SA Regulatory Changes for Clearing Members Approved
The Securities and Exchange Commission has approved a proposed rule change by LCH SA concerning revisions to its Rule Book and regulations. Notably, Clearing Members are mandated to participate in regular testing of business continuity and disaster recovery plans, enhancing operational resilience and compliance standards within the clearing agency framework.
Learn More📄Compliance Reminder
The Securities and Exchange Commission is seeking comments on a proposed information collection related to Rule 17a-7, which mandates non-resident broker-dealers to maintain and provide access to specific records within the U.S. This notice emphasizes the importance of compliance and solicits feedback on the burden of information collection.
Learn More🏦FDIC Board Meeting
The Federal Deposit Insurance Corporation (FDIC) will conduct a public Board meeting to discuss regulatory capital modifications for bank holding companies. Key items on the agenda include changes to the Enhanced Supplementary Leverage Ratio and the Total Loss-Absorbing Capacity for global banks, ensuring public observation and accessibility for interested parties.
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