📈SEC Amends Rules of Practice for Registration Statements
The Securities and Exchange Commission ("Commission") is amending its Rules of Practice relating to procedures governing Commission review of staff actions made pursuant to delegated authority in connection with the determination of the effective dates of registration statements and post-effective amendments and the determination of the dates and times of qualification of an offering statement and post-qualification amendments under Regulation A.
Learn More📈FINRA Rule Change on Transaction Reporting for Securities
The SEC approves FINRA's proposal to maintain a 15-minute outer limit timeframe for reporting transactions in TRACE-eligible securities. This decision follows extensive discussions with member firms regarding the challenges of shorter reporting timeframes. The rule change is set to streamline reporting processes while supporting compliance clarity for financial institutions.
Learn More📊Regulatory Compliance for Nonbank Major SWAP Participants Under Rule 18a-2
The SEC is proposing an extension for information collection under Rule 18a-2, which mandates nonbank major security-based swap participants to establish robust risk management systems and comply with specific capital requirements, ultimately ensuring market stability amid substantial operational risks.
Learn More💰Cboe Exchange Proposes Administrative Fee Impacting Options Trading
The Cboe Exchange has proposed a new administrative fee of 0.45% on collected Marketing Fees to cover costs related to the Marketing Fee program. This amendment aims to maintain competitive efficiency within the options market while ensuring all funds are equitably managed. The proposed change highlights the challenges exchanges face in balancing costs and competitive pricing in a crowded market.
Learn More📊Cboe EDGX Proposes New Administrative Fee Impacting Traders
The Cboe EDGX Exchange has filed a proposed rule change to amend its fee schedule by introducing an administrative fee aimed at offsetting costs related to its Marketing Fee program. The fee, set at 0.45% of total monthly funds collected, raises concerns about potential impacts on trading costs and competitive dynamics in the options market.
Learn More📈NSCC Proposes Rule Change to Amend CNS Fails Charge
The SEC published a notice regarding the NSCC's proposed amendments to the CNS Fails Charge, aiming to modify how margin charges are assessed on short and long positions that do not settle. Key changes include discontinuing charges on long positions and introducing percentage rates based on the duration of outstanding fails.
Learn More💰OCC Proposed Rule Changes for Liquidation Risk Management and GSP
The OCC has proposed revisions to its liquidity risk management framework, specifically regarding the accounting processes for Guaranty Substitution Payments (GSP). These changes aim to improve accuracy in financial assessments related to defaulting Clearing Members, ensuring that the OCC better manages its liquidity demands and reduces unnecessary resource collection from its members.
Learn More📈SEC Approves Regulatory Responsibility Amendment for Insider Trading
The SEC has approved an amendment to the plan for allocating regulatory responsibilities among various trading organizations, aimed at enhancing efficiencies in surveillance, investigation, and enforcement of insider trading rules. This amendment adds Green Impact Exchange, LLC as a participant and aims to minimize regulatory duplication, fostering a more streamlined approach for compliance across organizations.
Learn More📉Nasdaq's Proposed Rule Change on Minimum Bid Price
The Nasdaq Stock Market LLC has filed a proposed rule change to amend its minimum bid price rule, stipulating that securities with a closing bid price of $0.10 or less for ten consecutive trading days will face immediate delisting actions, enhancing investor protection measures and compliance standards for listed companies.
Learn More📈Cboe All Cancels Report Fee Changes and Business Implications
The Cboe Exchange proposes the introduction of a new All Cancels Report, offering comprehensive insights into cancel behavior and messaging activity for Trading Permit Holders. This report aims to enhance market data offerings, requiring a monthly fee of $1,500. TPHs can analyze cancel patterns and trading efficiency through this additional data service.
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