📈SEC Approves Multiple Share Classes for Investment Companies
The SEC issued a notice regarding Vista Credit BDC Management's application for an exemption under the Investment Company Act of 1940. This exemption allows registered closed-end investment companies to issue multiple classes of shares with different sales loads and fees, potentially enhancing funding options for business development companies.
Learn More🏦SEC Notice for Mercer Funds on Sub-Advisory Agreement Exemption
The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Mercer Funds and Mercer Investments LLC for an exemption under the Investment Company Act. This exemption would allow the Trust's board of trustees to approve new and modified sub-advisory agreements without adhering to the traditional in-person meeting requirement. Interested parties may request a hearing on the application.
Learn More📄SEC Rule 19d-3
The SEC is soliciting comments on Rule 19d-3, which governs applications for review of final disciplinary actions by self-regulatory organizations. This includes sanctions, membership denials, and access prohibitions. The notice outlines the expected burden on respondents regarding compliance and seeks public feedback to optimize the information collection process.
Learn More🏦Bank Holding Company Mergers & Acquisitions Regulatory Notice
The Federal Reserve System is accepting applications for bank holding company formations and acquisitions, as per the Bank Holding Company Act. Interested parties can comment on these applications and access related documents. This process emphasizes transparency and compliance in the financial industry related to banking operations and ownership changes.
Learn More📈LTSE Proposed Rule Change
The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change by the Long-Term Stock Exchange (LTSE) to amend its fee schedule by introducing connectivity fees for market participants. These fees cover connections to Primary, Disaster Recovery, and Test Environment facilities, reflecting the costs associated with providing connectivity services essential for trading operations.
Learn More📈MIAX Pearl Market Data Fee Schedule Amendments Overview
The Securities and Exchange Commission published a notice for MIAX Pearl's proposed rule change to amend its market data fee schedule. The changes include new fee categories such as user and non-display usage fees for proprietary market data feeds, impacting subscription and operational costs for traders and firms relying on this data.
Learn More💻Cboe Proposes Increase in 10 Gb Physical Port Monthly Fees
The Securities and Exchange Commission announced a proposed rule change by Cboe C2 Exchange to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. The adjustment aims to better align fees with inflation and maintain service quality, while also remaining competitive compared to other exchanges.
Learn More💰NYSE National Proposes Fee Change for Retail Price Improvement Strategy
NYSE National has filed a proposed rule change to amend its fee schedule, introducing a zero-fee structure for orders routed under the Retail Price Improvement Seeking strategy. This aims to enhance access to liquidity for retail orders by providing competitive pricing options, encouraging participation in the exchange's retail liquidity program.
Learn More📈Rule 5703
The Nasdaq Stock Market LLC proposes Rule 5703 to allow for the generic listing and trading of Multi-Class ETF Shares that meet specific regulatory requirements. This facilitates broader investment opportunities while ensuring compliance with the Investment Company Act, enhancing market accessibility and competition in the ETF space.
Learn More💰Cboe's Fee Amendment for Legacy Silexx Platform Affects Businesses
The Cboe Exchange, Inc. proposes an amendment to fees related to the Legacy Silexx platform, dramatically increasing certain costs while extending the fee waiver period during the transition to its updated platform. The change aims to incentivize users to migrate to newer versions while maintaining compliance with regulatory requirements.
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