📊SEC Grants Temporary Exemptive Relief for Rule 10c-1a Compliance
The SEC issued a temporary exemption for Rule 10c-1a, which mandates reporting on securities loans. This exemption extends compliance deadlines to enhance data accuracy and public transparency, aiming to foster a reliable securities lending market and improve investor protections while ensuring orderly implementation among industry participants.
Learn More📈FINRA Proposes Amendments to Transaction Reporting Rule 6730
The SEC released a notice on FINRA's proposed amendment to Rule 6730, which seeks to retain the 15-minute reporting limit for TRACE-eligible securities. This amendment includes options for reporting allocations across customer accounts, currently under consideration as the SEC extends the review period to gather more input on the changes.
Learn More📉SEC Approves Allocation of Regulatory Responsibilities Between FINRA and GIX
The SEC has approved a regulatory plan that allows FINRA to assume examination and enforcement responsibilities from GIX for common members. The plan aims to reduce regulatory duplication, promote efficiency, and enhance investor protection by coordinating oversight between the two organizations. This shift is part of ongoing efforts to streamline compliance processes within the securities industry.
Learn More⏱️FINRA Proposes Rule Change for Timestamp Granularity Compliance
FINRA has filed a proposed rule change to extend the exemption on timestamp granularity requirements until April 8, 2030. This change aligns with an exemption granted by the SEC, allowing financial institutions to handle timestamp reporting more effectively without significant adjustments to their existing systems over the next five years.
Learn More⏰FINRA Proposes Rule Change to Extend Trade Reporting Hours
The Financial Industry Regulatory Authority (FINRA) proposes to amend its rules to extend the operating hours of its Trade Reporting Facilities from 8 a.m. to 4 a.m. Eastern Time. This change aims to facilitate real-time reporting and public dissemination of OTC trades in National Market System stocks executed during early morning hours, enhancing market transparency.
Learn More💸FINRA Proposes CAT Cost Recovery Fee 2025-2 Impacting Industry Members
FINRA's notice announces a proposed rule change to implement the Prospective CAT Cost Recovery Fee 2025-2, designed to recover budgeted costs for the consolidated audit trail system from industry members. This fee is structured based on transaction volumes and is integral for fulfilling the regulatory requirements and maintaining financial accountability within the National Market System Plan.
Learn More⚖️SEC Approves Amendment for Insider Trading Regulation Responsibilities
The SEC has approved amendments to the regulatory responsibility plan concerning insider trading enforcement. This approval reallocates regulatory compliance functions primarily to FINRA among involved exchanges, aiming to streamline processes and reduce redundant examinations. The agreement emphasizes cooperation among self-regulatory organizations to enhance investor protection and market integrity.
Learn More📈FINRA Rule Changes for Business Development Companies and IPO Access
The notice discusses the SEC's approval of FINRA's proposed rule change allowing specific business development companies (BDCs) to access new issues without traditional restrictions. The change aims to facilitate investment diversification and enhance capital formation while maintaining investor protections inherent in the Investment Company Act.
Learn More📈FINRA's Rule 6152 for Enhanced Disclosure of Order Execution
The SEC approves FINRA Rule 6152, mandating members submit order execution reports for NMS stocks for centralized publication. This rule aims to increase transparency and access to essential execution quality data for regulators, investors, and other stakeholders, facilitating better analysis and comparison of execution statistics.
Learn More📈SEC Notice on Regulatory Responsibilities Allocation Between FINRA and GIX
The SEC publishes a notice regarding a proposed regulatory responsibility allocation plan between FINRA and Green Impact Exchange, LLC (GIX). The plan seeks to alleviate regulatory redundancies for firms that are members of both organizations, specifically addressing compliance with rules and regulations to enhance operational efficiency and oversight.
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