💰Nasdaq MRX Proposes Options Regulatory Fee Increase
The Securities and Exchange Commission has announced Nasdaq MRX's proposal to increase the Options Regulatory Fee temporarily. The fee adjustment aims to address regulatory costs related to options trading, with the new rate set to sunset on December 31, 2025, reverting to the original rate thereafter. The notice invites public comments on the proposal.
Learn More📜CFPB Guidance Withdrawal
The Consumer Financial Protection Bureau (CFPB or Bureau) is withdrawing many guidance documents issued since the CFPB assumed its functions in 2011.
Learn More📈SEC Notice on Co-Investment Application for Business Development Companies
The SEC issued a notice regarding an application by AGTB Fund Manager, LLC and others, seeking permission for certain business development companies and management investment companies to co-invest in portfolio companies. This aims to facilitate joint transactions that are otherwise prohibited under current law, highlighting regulatory considerations for investment firms.
Learn More🏦VA Announces Information Collection for Loan Reporting Requirements
Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed revision of a currently approved collection, and allow 60 days for public comment in response to the notice.
Learn More💹SEC Notice on FLEX Trading for iShares Bitcoin Trust Options
The SEC released a notice regarding a proposed rule change by Nasdaq ISE to allow FLEX trading in options on the iShares Bitcoin Trust ETF. This change aims to enhance trading flexibility and risk management for market participants, enabling them to manage bitcoin exposure more effectively within regulatory frameworks.
Learn More⚖️SEC Temporary Order for Credit Suisse
The Securities and Exchange Commission has issued a temporary order allowing Credit Suisse Services AG and its affiliates to continue operations despite ongoing legal complexities. This exemption is critical for maintaining their investment advisory services while navigating significant compliance issues stemming from past convictions related to financial misconduct. The decision impacts direct operational and financial strategies within the firm.
Learn More⚖️CFTC Notice
The Commodity Futures Trading Commission ("Commission") is announcing an opportunity for public comment on the proposed renewal of a collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment. This notice solicits comments on the collections of information mandated by Commission regulation 1.71 (Conflicts of interest policies and procedures by futures commission merchants and introducing brokers).
Learn More📈Nasdaq GEMX Discontinues Proposed Options Regulatory Fee Model
Nasdaq GEMX proposes to discontinue the Options Regulatory Fee model scheduled for June 2025 due to feedback from members and an upcoming technology migration at the OCC. The Exchange is evaluating a new model focused solely on on-exchange transactions, aiming for fairness and simplicity in fee assessments.
Learn More📊NSCC to Mandate Legal Entity Identifier for Membership Applications
The National Securities Clearing Corporation (NSCC) is proposing a rule change requiring all applicants and current members to obtain and maintain a Legal Entity Identifier (LEI). The objective is to enhance data quality and streamline operational processes, thereby improving risk management and compliance across its participant base.
Learn More📈Notice on Proposed Rule Changes for Clearing Agencies by SEC
The Securities and Exchange Commission issued a notice regarding proposed rule changes from The Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes aim to modify existing disruption rules to enhance operational resiliency and address system disconnects, with a longer review period designated for comprehensive evaluation.
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