⚖️Nasdaq Expands Authority on Disciplinary Proceedings
The Securities and Exchange Commission has approved Nasdaq's proposal to assume greater operational responsibility for litigating contested disciplinary proceedings. This rule change allows Nasdaq to directly manage investigations and enforcement actions arising from its own initiatives, streamlining the regulatory process while maintaining procedural protections for its members.
Learn More📈SEC Grants Temporary Exemption for Rule 13f-2 and Form SHO Compliance
The SEC has granted a temporary exemption from compliance with Rule 13f-2 and Form SHO for institutional investment managers, extending the deadline for reporting requirements to January 2, 2026. This decision, made in response to industry concerns about implementation challenges, aims to facilitate accurate reporting and operational readiness among market participants.
Learn More💼Nasdaq BX Delays New Options Regulatory Fee Implementation
The Securities and Exchange Commission announces Nasdaq BX's proposed rule change to delay the implementation of the new Options Regulatory Fee (ORF) and its methodology. The new fee structure is now set to be implemented on June 1, 2025, with a planned sunset on December 1, 2025. Interested parties are invited to comment on the proposal.
Learn More📈Nasdaq GEMX Delays Implementation of New Options Regulatory Fee
The Securities and Exchange Commission (SEC) published a notice regarding Nasdaq GEMX's proposal to delay the implementation of a new Options Regulatory Fee and its related methodology. This proposed delay aims to provide additional time for stakeholders to adjust to the upcoming changes, which are now set for implementation in June 2025.
Learn More📈MIAX Sapphire Proposes New Fees for Market Data Feeds
MIAX Sapphire LLC has filed a notice with the SEC for a proposed rule change to establish fees for its proprietary market data feeds, including the MIAX Sapphire Top of Market and Complex Top of Market data feeds. The rule change is designated for immediate effectiveness and invites public comment.
Learn More💰DTC Proposes $3 Billion Senior Notes for Enhanced Liquidity Resources
The SEC has approved DTC's advance notice concerning the issuance and private placement of senior notes, aiming to raise up to $3 billion in liquidity resources. This initiative is designed to strengthen DTC’s risk management framework and ensure it meets its settlement obligations, thereby improving overall financial system stability.
Learn More📈SEC Notice on Investment Fund Exemption from Disclosure Requirements
The SEC issued a notice regarding a request for exemption under the Investment Company Act, enabling the RBB Fund Trust and First Eagle Investment Management to amend subadvisory agreements without obtaining shareholder consent. This regulatory action addresses specific disclosure obligations related to subadviser fees, impacting future governance and operational practices within the investment management sector.
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