📈Amendment to National Market System Plan Approved by SEC
The SEC has approved an amendment to the National Market System Plan governing the Consolidated Audit Trail, modifying existing requirements for reporting verbal and electronic trading activities. This amendment aims to alleviate compliance burdens on firms while striving to maintain effective regulatory oversight in the financial markets. The changes are expected to reshape operational practices for industry participants significantly.
Learn More📈Proposal for Truth Social Bitcoin ETF Listing on NYSE Arca
The Securities and Exchange Commission is reviewing NYSE Arca's proposal to list and trade shares of the Truth Social Bitcoin ETF, aimed at simplifying bitcoin investments for shareholders. The proposal complies with regulatory standards and reflects evolving financial mechanisms in the cryptocurrency market.
Learn More🤝SEC Notice on Joint Transactions Under Investment Company Act
The SEC has issued a notice regarding an application from Sound Point Meridian Capital, Inc. and associated entities to allow certain business development companies to co-invest in portfolio companies with affiliated entities. The notice details filing dates and the process for public comment or hearing requests about this application under the Investment Company Act of 1940.
Learn More📈Proposed Amendments to MSRB Rule G-14 on Trade Reporting
The Securities and Exchange Commission discusses a proposed rule change by the Municipal Securities Rulemaking Board that modifies the reporting timeframe for transactions in municipal securities. The changes include reverting the reporting deadline to 15 minutes and promoting timely reporting "as soon as practicable," aiming to enhance market transparency and minimize compliance burdens for dealers.
Learn More💵Nasdaq GEMX Proposes New Fees for Nasdaq 100 Index Options
The Securities and Exchange Commission publishes a notice regarding Nasdaq GEMX’s proposed rule change to amend transaction fees for Nasdaq 100 Index options. The proposal includes a new surcharge aimed at reducing liquidity removal, affecting the pricing structure for Non-Priority Customers and encouraging increased liquidity on the exchange. Comments from the public are invited before implementation.
Learn More⚖️SEC Policy on Criminal Enforcement Directly Affects Businesses
Pursuant to Executive Order 14294, the Securities and Exchange Commission ("Commission") is publishing this framework for staff consideration of whether to refer potential violations, including of criminal regulatory offenses, to the Department of Justice.
Learn More📈OCC Rule Change Promises Enhanced Clearing Services for MIAX
The SEC is notifying about the immediate effectiveness of a proposed rule change by the Options Clearing Corporation (OCC) to adopt a new Clearing Agreement allowing OCC to offer clearing and settlement services to MIAX Futures Exchange, LLC. This change includes enhanced provisions for risk management, cybersecurity, data agreements, and reporting obligations, aligning with best industry practices.
Learn More📊SEC Proposes Changes to ICC Default Management Procedures
The SEC is soliciting comments on ICE Clear Credit LLC's proposed revisions to its Default Management Procedures and Clearing Rules. The changes aim to enhance the efficiency, transparency, and accuracy of default management processes by automating key functions and removing outdated mechanisms, ultimately improving risk management capabilities.
Learn More📈SEC Prolongs Action on Cboe BZX ETF Rule Change Proposal
The SEC has designated a longer review period for a proposed rule change related to the 2x Long VIX Futures ETF and -1x Short VIX Futures ETF filed by Cboe BZX Exchange. This extension allows the Commission more time to assess the proposed changes and associated issues, with a decision expected by August 7, 2025.
Learn More💰LCH SA's Revised Collateral Concentration Limits Approved
The Securities and Exchange Commission has approved LCH SA's proposed rule change regarding collateral concentration limits for supranational and European agency securities. The change allows for individual limits per issuer, enhancing flexibility for clearing members while simultaneously implementing more conservative concentration guidelines per security type to mitigate risk exposure.
Learn More