📄Proposed Rule 14f-1 Change Requires New Director Information
The SEC is proposing a revision to Rule 14f-1 regarding the information that issuers must provide when directors are elected outside of a security holders' meeting. This follows the Paperwork Reduction Act, aiming to streamline the information collection process related to director nominations. Comments are invited to enhance the effectiveness and clarity of this information request.
Learn More📄SEC Rule 204-3
The SEC has submitted a request for an extension of Rule 204-3, which mandates investment advisers to provide specific brochures and updates to clients at the start and annually during their advisory relationship. This rule aids clients in decision-making and assists the SEC in regulatory enforcement. Compliance with this rule represents a significant operational requirement for advisers.
Learn More📈SEC's Proposed Rule Change on Bitcoin Options Trading
The SEC has published a notice regarding the proposed rule change concerning position and exercise limits for options on the iShares Bitcoin Trust ETF. The notice seeks to define the trading practices associated with these options and ensure adequate review and comments from market participants, marking an important regulatory consideration for cryptocurrency trading.
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 February 3, 2025 and May 16, 2025, applicant made liquidating distributions to its shareholders based on net asset value. No expenses were incurred in connection with the liquidation. Filing Dates: The application was filed on May 21, 2025 and amended on June 24, 2025. Applicant's Address: 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246.
Learn More📈SEC Notice on Nasdaq ISE Proposed Rule Change for Options Trading
The Securities and Exchange Commission issued a notice regarding Nasdaq ISE's proposed amendment to the Short Term Option Series Program, allowing for additional expirations for options on individual stocks and ETFs. This regulatory development aims to provide more trading opportunities and will undergo further review by the SEC before approval.
Learn More📊SEC Extends Compliance Date for Broker-Dealer Reserve Computations
The Securities and Exchange Commission ("Commission") is extending the compliance date for the recently adopted amendments that require certain broker-dealers to perform daily reserve computations and make required deposits into their reserve bank accounts daily rather than weekly by six months from December 31, 2025, to June 30, 2026.
Learn More📉SEC Approves ICE Clear Credit's New CDS Contract for Côte d'Ivoire
The SEC has approved ICE Clear Credit LLC's proposal to clear an additional credit default swap contract for the Republic of Côte d'Ivoire. This change enhances the legal framework for clearing specific derivative contracts and underscores ICC's adherence to existing risk management practices, promoting accurate settlement of securities transactions.
Learn More📈FINRA Rule Changes for Business Development Companies and IPO Access
The notice discusses the SEC's approval of FINRA's proposed rule change allowing specific business development companies (BDCs) to access new issues without traditional restrictions. The change aims to facilitate investment diversification and enhance capital formation while maintaining investor protections inherent in the Investment Company Act.
Learn More📈Key Updates to EDGAR Filer Manual and Compliance Requirements
The Securities and Exchange Commission ("Commission") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual ("EDGAR Filer Manual" or "Filer Manual") and related rules and forms. Certain updates reflect and identify changes to EDGAR made in connection with EDGAR Release 25.2. Additional updates reflect and identify changes to EDGAR made in connection with the Commission's September 27, 2024 EDGAR Filer Access and Account Management rulemaking ("EDGAR Next").
Learn More📊Cboe BZX Proposes One-Minute Interval Intraday Data Product
Cboe BZX Exchange proposes a new One-Minute Interval Intraday Open-Close Report to offer enhanced trading data for market participants. This report will provide a detailed summary of trading activity at one-minute intervals, allowing insights into investor sentiment and market trends. The product aims to increase transparency and improve the quality of trading decisions throughout the day.
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