📈SEC Notice on Exemption for Investment Companies and Share Classes
This document details the SEC's notice regarding an application from AMG Comvest Senior Lending Fund and Comvest Credit Managers, LLC, seeking exemption under the Investment Company Act to permit closed-end management investment companies to issue various classes of shares with different fees. It outlines the application process and contacts for further information.
Learn More📈Proposed Rule Change for 21Shares Core XRP Trust Listing
The SEC has published a notice regarding Cboe BZX Exchange's proposed rule change to list and trade shares of the 21Shares Core XRP Trust. This proposal seeks to clarify aspects of the Trust’s operations, investor protections, and compliance with SEC regulations, thereby expanding investment options for cryptocurrency.
Learn More📈Nasdaq MRX Proposes Amendments to Options Rules
Nasdaq MRX has filed a notice to amend various options rules, including clarifying Stop Orders and improving mechanisms related to facilitation and price improvement. The proposed changes are immediately effective and seek to refine trading practices within the options market, as well as invite public comments for further review.
Learn More📈SEC Approves Grayscale XRP Trust Trading Proposal
The SEC published a notice regarding the proposed rule change by NYSE Arca to list and trade shares of the Grayscale XRP Trust. This initiative seeks to provide a regulated means to invest in XRP through an exchange-traded product, reflecting the ongoing evolution and acceptance of digital assets in the financial markets.
Learn More📈Nasdaq ISE Proposes Changes to Options Trading Rules
The Securities and Exchange Commission has published a notice regarding Nasdaq ISE's proposed amendments to various options rules, aiming to clarify and refine trading mechanisms such as Stop Order definitions, response treatments, and risk protections. The proposal seeks to enhance operational effectiveness within the options trading framework, inviting public comments for further evaluation.
Learn More📊SEC Proposes Amendment to Consolidated Audit Trail Reporting
The SEC issued a notice regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail. This amendment pertains to the reporting of verbal activity and aims to enhance transparency and regulatory compliance among participating exchanges and financial institutions. The Commission has extended the review period for the amendment to ensure thorough consideration.
Learn More📈SEC Orders Review of Nasdaq's Market Data Fee Increase Proposal
The SEC issued an order regarding Nasdaq's proposed fee increases for market data and connectivity products, which faced disapproval. The order allows for petitions regarding the disapproval, indicating ongoing scrutiny of fee structures related to market data services that could influence market access and costs for businesses.
Learn More📜PCAOB Withdraws Proposed Rules on Firm Reporting and Engagement Metrics
The PCAOB has officially withdrawn its proposed rules concerning Firm Reporting and Engagement Metrics, initially filed with the Securities and Exchange Commission. This decision follows a period of public comments and an extension of review timelines, signaling a significant shift in potential regulatory standards for public accounting firms and their reporting practices.
Learn More📈NYSE Arca Proposes Major Change to GBTC Options Trading Limits
NYSE Arca proposes a rule change to increase position and exercise limits for options on the Grayscale Bitcoin Trust, significantly raising the limit from 25,000 to 250,000 contracts. The change aims to enhance market liquidity and competitiveness, allowing market participants to better manage trading and hedging activities related to GBTC options.
Learn More📈Nasdaq Proposes Changes to Initial Listing Liquidity Requirements
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed changes to modify initial listing liquidity requirements. These changes aim to require companies to satisfy Market Value of Unrestricted Publicly Held Shares based solely on the proceeds from their offerings, impacting initial public offerings and uplisting processes. The Commission is extending the review period for these changes, allowing time for consideration of the proposed rule.
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