📈OCC Proposes Change to Operational Loss Fee Schedule
The SEC published notice about OCC's proposed rule change to modify the maximum aggregate Operational Loss Fee in its fee schedule. This adjustment aligns with OCC's Capital Management Policy to maintain liquidity and solvency thresholds, reflecting updated operating expenses based on the 2025 budget, ensuring financial integrity for Clearing Members.
Learn More📄SEC Notice
The Securities and Exchange Commission (SEC) announces a request for extension of Regulation FD, which mandates public disclosure of material information by issuers of publicly traded securities. The notice details the estimated burden of compliance and invites public comments on the collection of information related to this regulation.
Learn More🏛️SEC Crypto Task Force Meeting on DeFi and Regulatory Impacts
The Securities and Exchange Commission is set to hold a public meeting focusing on decentralized finance (DeFi). The roundtable, titled “DeFi and the American Spirit,” invites public participation and discusses critical considerations for the evolving regulatory landscape in the cryptocurrency space. Attendees can engage directly with the Crypto Task Force during the session.
Learn More📈NYSE Proposed Fee Schedule Change and Market Data Implications
The NYSE has filed a proposed rule change regarding its Connectivity Fee Schedule and NYSE Propriety Market Data Fees, primarily reflecting a name change from NYSE Chicago, Inc. to NYSE Texas, Inc. This change is designated for immediate effectiveness and opens a period for public comment on the impact of such changes.
Learn More💳Marqeta Seeks Exemption from Investment Company Classification
Marqeta, Inc. has filed an application with the SEC seeking an order to be declared primarily engaged in a business other than investing in securities, focusing on its technology-based payment card issuing platform. The firm argues its operations do not align with the definition of an investment company as outlined in the Investment Company Act of 1940.
Learn More💰Proposed Fee Changes by OCC
The Options Clearing Corporation has filed a proposed rule change with the Securities and Exchange Commission to update its schedule of clearing fees. This includes an increase in the per contract clearing fee and the removal of a flat transaction fee, aimed at addressing anticipated cash flow needs based on various financial forecasts. The notice invites public comments regarding these changes.
Learn More📉Nasdaq ISE Delays Options Regulatory Fee Implementation
Nasdaq ISE, LLC has proposed to delay the implementation of a new Options Regulatory Fee and its methodology until June 1, 2025. This notice, filed with the SEC, is aimed at soliciting comments from interested parties regarding the change. The initial proposal highlighted in this notice was intended to establish a new regulatory fee framework for options trading.
Learn More💰Proposed Rule Change for Long-Term Stock Exchange Fee Schedule
The Securities and Exchange Commission published a notice regarding a proposed rule change by Long-Term Stock Exchange, Inc. to amend its Fee Schedule, establishing new connectivity fees for cross-connects. This proposal aims to implement these fees effectively from January 23, 2025, and invites public comments on the matter.
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