🏦Federal Reserve Approval Process for Edge Corporations Explained
This notice announces the applications submitted for the establishment of Edge Corporations under Section 25A of the Federal Reserve Act. It outlines the public comment process, associated regulatory oversight, and specific institutions seeking to expand their banking operations. The notice emphasizes the importance of compliance with the outlined regulations and the implications of public comments on the approval process.
Learn More📈Nasdaq Proposes Rule Change for VanEck Bitcoin ETF Options Limits
The Securities and Exchange Commission has published a notice regarding Nasdaq's proposed rule change to amend position and exercise limits for options on the VanEck Bitcoin ETF. The proposal aims to align the limits with other exchanges, promoting consistency and fairness in the trading of these financial instruments. Comments from stakeholders are invited.
Learn More📄Impact of FINRA's OHO Portal Rule Change on Business Compliance
The Securities and Exchange Commission announces FINRA's proposed rule change that mandates the use of the Office of Hearing Officers (OHO) Portal for filing and service of documents in disciplinary proceedings. This shift aims to enhance efficiency and document security in the adjudicatory process, streamlining the operations for parties involved.
Learn More📈ICC Proposes Rule Change for CDS Instrument On-Boarding Policies
The SEC has published a notice on the ICC's proposed rule change to amend its CDS Instrument On-boarding Policies and Procedures. The amendments aim to enhance the guiding principles for instrument selection, reflect current practices, and address clarifying non-substantive changes, ensuring improved operational readiness for clearing new instruments.
Learn More📈Proposed Rule Change Impacting Options Trading Mechanisms at Nasdaq
The Securities and Exchange Commission has published a notice regarding Nasdaq PHLX LLC's proposed rule change to amend options trading mechanisms, introducing new auctions and aligning functionalities with other exchanges. This change aims to enhance trading efficiency, scalability, and liquidity for market participants. The proposed amendments also include adjustments to existing rules concerning order handling and execution.
Learn More🏦Executive Order 14331
Executive Order 14331 aims to guarantee fair banking access by prohibiting restrictions based on political or religious beliefs. It addresses previous unlawful debanking practices and mandates financial institutions to focus on objective risk analysis when providing services. The order outlines clear guidelines for banking regulators to eliminate politicized actions and reinstates access for previously denied clients.
Learn More📜RBC Granted Regulatory Exemption Under ERISA and Internal Revenue Code
This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code). This exemption permits certain qualified professional asset managers with specified relationships to Royal Bank of Canada Trust Company (Bahamas) Limited, and certain current and future affiliates of the Royal Bank of Canada (collectively, the RBC QPAMs), to continue to rely on the class exemptive relief granted in Prohibited Transaction Exemption (PTE) 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the March 5, 2024 judgment of conviction against Royal Bank of Canada Trust Company (Bahamas) Limited (RBCTC Bahamas) for aiding and abetting tax fraud, entered in France in the Paris Court of Appeal.
Learn More📈Nasdaq ISE's Proposed Options Expiration Changes and Compliance Impacts
Nasdaq ISE has proposed a rule change to introduce additional expirations for options trading on individual stocks and ETFs. This adjustment aims to enhance trading flexibility but raises concerns about increased operational risks, complexity, and costs for broker-dealers, with potential consequences for the broader options market.
Learn More📊SEC Notice on Cboe EDGX Temporary Discount for Historical Data
The SEC published a notice regarding Cboe EDGX's proposed rule change, introducing a temporary 20% fee discount for ad hoc purchases of historical depth data reports. This incentive aims to enhance accessibility to market data for users interested in analyzing historical trading information, effective from July 28 to September 30, 2025.
Learn More📋Withdrawal of Plan Assets Definition Rule by Labor Department
Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28009.
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