📉Nasdaq PHLX Proposes Elimination of Market Data Revenue Rebate Program
Nasdaq PHLX has proposed to eliminate the Market Data Revenue Rebate program, which incentivized participants to increase quoting activity but has seen limited use. The change reflects the exchange's evolving needs amidst a competitive trading environment and aims to streamline operations by reallocating resources more effectively.
Learn More🎣NMFS Council Coordination Committee Public Meeting Overview
The New England Fishery Management Council (NEFMC) will host a hybrid meeting of the Council Coordination Committee (CCC) consisting of eight Regional Fishery Management Council (RFMC) chairs, vice chairs, and executive directors and its subcommittees from May 13, 2025 to May 15, 2025. The intent of this meeting is to discuss issues of relevance to the Councils and NMFS, including issues related to the implementation of the Magnuson-Stevens Fishery Conservation and Management Reauthorization Act (MSA), other topics of concern to the RFMCs, and decisions and follow-up activities.
Learn More🌊Proposed Flood Hazard Determinations and Their Business Impact
Comments are requested on proposed flood hazard determinations, which may include additions or modifications of any Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area (SFHA) boundary or zone designation, or regulatory floodway on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports for the communities listed in the table below. The purpose of this notice is to seek general information and comment regarding the preliminary FIRM, and where applicable, the FIS report that the Federal Emergency Management Agency (FEMA) has provided to the affected communities. The FIRM and FIS report are the basis of the floodplain management measures that the community is required either to adopt or to show evidence of having in effect in order to qualify or remain qualified for participation in the National Flood Insurance Program (NFIP).
Learn More📈Proposed Rule Change by Cboe BZX Exchange on Market Makers
The Securities and Exchange Commission has published a notice regarding a proposed rule change from Cboe BZX Exchange to amend Exchange Rule 14.11. The amendments aim to modify the reporting requirements for registered Market Makers trading in UTP Derivative Securities, allowing them to file a current list of Related Instrument Trading Accounts only at the Exchange's request. This regulatory adjustment seeks to streamline compliance and reduce related paperwork.
Learn More📈Proposed Rule Change for Money Market Instruments by DTC
The SEC has published a notice regarding a proposed rule change by The Depository Trust Company to modernize the eligibility processing for money market instruments. This change aims to migrate processes from a legacy system to a more efficient platform, simplifying documentation and enhancing overall operational efficiency, while consolidating compliance requirements for Participants and issuers.
Learn More📈Cboe BZX to List Options on Fidelity Ethereum Fund
The Cboe BZX Exchange has proposed a rule change to allow the listing and trading of options on the Fidelity Ethereum Fund, expanding options for investors dealing with Ethereum. This move aims to enhance market transparency and facilitate better trading strategies, including hedging opportunities in the rapidly evolving digital asset space.
Learn More🚢Continuation of National Emergency on Russian-Affiliated Vessels
This notice declares the continuation of a national emergency regarding the regulation of Russian-affiliated vessels’ anchorage and movement to U.S. ports. The President authorizes ongoing oversight due to ongoing international relations disturbances involving the Russian Federation, with implications for maritime operations and trade.
Learn More🌊Proposed Flood Hazard Determinations
Comments are requested on proposed flood hazard determinations, which may include additions or modifications of any Base Flood Elevation (BFE), base flood depth, Special Flood Hazard Area (SFHA) boundary or zone designation, or regulatory floodway on the Flood Insurance Rate Maps (FIRMs), and where applicable, in the supporting Flood Insurance Study (FIS) reports for the communities listed in the table below. The purpose of this notice is to seek general information and comment regarding the preliminary FIRM, and where applicable, the FIS report that the Federal Emergency Management Agency (FEMA) has provided to the affected communities. The FIRM and FIS report are the basis of the floodplain management measures that the community is required either to adopt or to show evidence of having in effect in order to qualify or remain qualified for participation in the National Flood Insurance Program (NFIP).
Learn More🎣Reopening of Nominations for Fisheries Advisory Committee
NMFS is reopening the solicitation announced on January 21, 2025, in the Federal Register, for nominations (which may include self- nominations) to the Advisory Committee to the U.S. Section to the Permanent Advisory Committee (PAC) as established under the Western and Central Pacific Fisheries Convention (WCPFC) Implementation Act (Act). The PAC, composed of individuals from groups concerned with the fisheries covered by the Western and Central Pacific Fisheries Convention (Convention), provides recommendations to the U.S. Commissioners to the Western and Central Pacific Fisheries Commission (Commission) regarding the deliberations and decisions of the Commission.
Learn More🦈NOAA Initiates 5-Year Reviews for Endangered Elasmobranch Species
NMFS announces the initiation of 5-year reviews of six foreign elasmobranch species: Argentine angelshark (Squatina argentina), spiny angelshark (S. guggenheim), narrownose smoothhound shark (Mustelus schmitti), striped smoothhound shark (M. fasciatus), common guitarfish (Rhinobatos rhinobatos), and blackchin guitarfish (R. cemciculus). The Endangered Species Act (ESA) requires us to conduct a review of listed species at least once every 5 years to determine whether a species should be removed from the list (i.e., delisted), reclassified from an endangered species to a threatened species (i.e., downlisted), or reclassified from a threatened species to an endangered species (i.e., uplisted). The determination must be based on the best scientific and commercial data available at the time of the review. Therefore, we request relevant data (e.g., biology, threats, and conservation efforts) that have become available since the previous reviews of these species.
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