📈SEC Proposes Exemption for Closed-End Funds from Annual Meetings
The SEC is considering a new rule allowing Closed-End Funds listed from May 20, 2025, onward to be exempt from annual shareholder meetings, streamlining operations and potentially enhancing market participation. This change aims to protect shareholders while encouraging the formation of new funds by reducing regulatory burdens associated with costly annual meetings.
Learn More💰Proposed Rule Change for VanEck Bitcoin and Ethereum Trusts
The SEC is assessing a proposed rule change from Cboe BZX Exchange to amend listing rules for the VanEck Bitcoin and Ethereum Trusts, allowing in-kind creations and redemptions. This proposal aims to enhance the trading mechanics and operational efficiency of trust shares while addressing legal and policy issues. The Commission is encouraging public comments on this proposal.
Learn More📈Cboe Announces New Retail Broker Program with Fee Waivers
The Securities and Exchange Commission (SEC) published a notice for the Cboe EDGA Exchange's proposed rule change to implement a Small Retail Broker Hosted Solutions Program. This program will include fee waivers and updated eligibility criteria, aimed at enhancing access to market data and increasing competitiveness among retail brokers.
Learn More📈SEC Reviews Dream Exchange Holdings Inc. Registration Application
This notice details the SEC's proceedings regarding Dream Exchange Holdings, Inc.'s application for registration as a national securities exchange. It outlines DreamEx's trading platform's structure, compliance requirements under the Securities Exchange Act, and the potential grounds for denial of the application, inviting public comment on various aspects of the proposal.
Learn More📈SEC Proposed Rule 139b
The SEC is soliciting comments on the proposed extension of Rule 139b, which provides a safe harbor for broker-dealers publishing research reports on covered investment funds. It requires standardized performance disclosures aimed at reducing investor confusion. The process may elevate compliance costs for involved broker-dealers, impacting their operational practices.
Learn More📈ICE Clear Credit
The SEC has published a notice regarding proposed rule changes for the ICE Clear Credit Recovery and Wind-Down Plans. These changes aim to enhance the organization's governance structure, ensure regulatory compliance, and clarify the management of risks associated with clearing services and relationships with external service providers.
Learn More📉Notice of Applications for Deregistration Under Investment Company Act
Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On September 27, 2025, applicant made liquidating distributions to its shareholders based on net asset value. Expenses of $44,294 incurred in connection with the liquidation were paid by the applicant. Filing Dates: The application was filed on February 13, 2025 and amended on May 13, 2025. Applicant's Address: 660 Fifth Avenue, Level 15, New York, New York 10103.
Learn More💰ICE Clear Credit LLC Treasury Policy Changes and Margin Calls
The Securities and Exchange Commission approved ICE Clear Credit LLC's proposed rule change regarding its Treasury Operations Policies and Procedures. The updates formalize the intraday margin call processes, improving risk management and supporting more effective operations in clearing credit default swap contracts. This development enhances transparency and operational capacity amid fluctuating market conditions.
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The SEC released a notice regarding the Coller Secondaries Private Equity Opportunities Fund's application for co-investment permissions under the Investment Company Act. This allows specified investment companies to collaborate on investments, enhancing their operational flexibility and potential funding strategies. Interested parties can request a hearing regarding this application.
Learn More📉BOX Exchange Proposes New Trading Fee Incentives for Public Orders
The SEC has accepted a proposed rule change from BOX Exchange to amend its fee schedule, introducing incentives for public customer auction and non-auction transactions. This change aims to enhance trading liquidity and provide participants with methods to qualify for lower fees and rebates based on national customer transaction volumes, thereby encouraging increased participation in the BOX Options Market.
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