📈OCC's Proposed Rule Change for Recovery and Wind-Down Plan
The Securities and Exchange Commission has published a notice concerning the proposed rule change by the Options Clearing Corporation, aimed at modifying its Recovery and Orderly Wind-Down Plan. This initiative intends to align with recently adopted SEC rules, enhancing transparency and efficacy in financial stability during extreme market conditions by identifying core services and necessary staffing roles.
Learn More⚖️SEC Notice
The SEC will hold a closed meeting to address various legal and enforcement issues, including the institution of injunctive actions and administrative proceedings. Attendees will include Commissioners and legal counsel, discussing urgent matters that could influence regulatory strategies and compliance for businesses in the securities sector.
Learn More📈SEC Notice on Co-Investment for Franklin Lexington Fund
The SEC has issued a notice regarding an application from various Franklin Lexington entities to allow business development companies and investment firms to co-invest in portfolio companies. This regulatory change may provide new opportunities for joint transactions that are typically prohibited, thereby enhancing investment capabilities and collaboration among companies.
Learn More📈SEC Notice on Investment Company Act Exemption Request
The Securities and Exchange Commission released a notice regarding an application from Align Alternative Access Fund and Sovereign Financial Group, Inc. for an exemption under the Investment Company Act of 1940. The application seeks permission for registered closed-end investment companies to issue various classes of shares with differing sales loads and service fees, impacting their operational strategy and regulatory compliance.
Learn More📈SEC Extends Review Period for Grayscale Hedera Trust Listing
The SEC has announced an extension of the review period for The Nasdaq Stock Market LLC's proposed rule change to list and trade shares of the Grayscale Hedera Trust under Nasdaq Rule 5711(d). This notice reflects the Commission’s effort to thoroughly evaluate the proposed rule change and related regulatory considerations.
Learn More📅SEC Changes Crypto Task Force Meeting Date - Business Implications
The SEC announces a change in the meeting date for the Crypto Task Force roundtable, originally set for June 6, 2025, now rescheduled to June 9, 2025. For more information, contact the Office of the Secretary.
Learn More💹Cboe BZX Exchange Proposes Rule Change for Fidelity Ethereum Fund
The Cboe BZX Exchange has filed a proposed rule change with the SEC to amend the regulations governing the listing and trading of Fidelity Ethereum Fund shares, allowing for staking. The SEC has extended the review period for this proposal to ensure thorough consideration of its potential impact and issues raised.
Learn More📈Cboe BYX Proposes Enhanced RPI Order for Securities Below $1
The Securities and Exchange Commission issued a notice regarding the proposed rule change by Cboe BYX Exchange to enhance its Retail Price Improvement Program (RPI) to include securities priced below $1. The extension of the Commission's review period allows for thorough consideration of the implications of the change, initially filed for public comment on March 13, 2025.
Learn More📊SEC Proposes Rule Change for NYSE American Connectivity Fees
The SEC announces proposed amendments to the NYSE American LLC’s Connectivity Fee Schedule, addressing connectivity options and fees related to third-party systems and data feeds. The changes seek to enhance the services available to users while ensuring equitable access across the board.
Learn More💼SEC Notice on Goldman Sachs BDC Joint Transactions Application
The SEC has issued a notice regarding an application to permit business development companies to co-invest with each other and affiliated entities. This includes streamlined terms compared to previous orders. The notice outlines the process for requesting a hearing on this application and provides details about the applicants involved.
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