📈SEC Notice on Exemption for Investment Fund Share Classes
The Securities and Exchange Commission has issued a notice regarding an application for an exemption under the Investment Company Act, allowing registered funds to issue multiple classes of shares with different sales loads and fees. Interested parties can request a hearing on the matter before July 28, 2025.
Learn More📈Analysis of SEC Rule Change for MX2 Options Trading
The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change for MX2 Options, detailing the terms, purpose, and significant aspects of the new electronic trading system for options. The proposal emphasizes compliance with regulatory standards, member participation, and market maker obligations, seeking to enhance the current trading framework.
Learn More📈Nasdaq Proposes Rule Change on Transaction Credits for 2025
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed rule change to amend transaction credits at Equity 7, Section 118(a). The change aims to clarify the implementation of the M-ELO Supplemental Credit B, aligning it with original intentions. The proposal seeks to enhance competitive practices without imposing undue burdens on market participants.
Learn More📄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📈Cboe Proposes to Eliminate Position and Exercise Limits on Options
The Cboe Exchange has proposed eliminating position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 Scored and Screened Index. This change aims to enhance trading flexibility and market dynamics but raises concerns regarding potential risks, including market manipulation and adverse impacts, prompting further evaluation by the Securities and Exchange Commission.
Learn More🔍Proposed Rule Change by NYSE Texas on SBSEFs and Corporate Amendments
The Securities and Exchange Commission has announced the proposed rule change by NYSE Texas to amend the certificates of incorporation for the Intercontinental Exchange, Inc. and its holdings. Key changes involve limitations on ownership and voting in relation to registered security-based swap execution facilities, alongside updates to address and non-substantive alterations to corporate documents.
Learn More📈Proposed Rule Change for NYSE Arca and Intercontinental Exchange
This regulatory notice outlines a proposed rule change by NYSE Arca to amend the corporate charters of Intercontinental Exchange, Inc. and its Holdings. The changes primarily address regulations surrounding security-based swap execution facilities, update Delaware office registration information, and introduce non-substantive amendments to the charter documents to ensure compliance with applicable laws, enhancing corporate governance and operational alignment.
Learn More📈SEC Request for Comments on Rule 701 Compliance Extension
The SEC is soliciting comments on the proposed information collection extending Rule 701, which exempts certain issuers from security registration for compensatory benefit plans. This aims to ensure that issuers provide necessary information for investor decision-making, balancing regulation with compliance necessities for businesses.
Learn More⏳Cboe EDGX Rule Change on Timestamp Granularity Compliance Exemption
The Cboe EDGX Exchange proposes a rule change to amend its compliance rule regarding timestamp granularity. This adjustment aligns with exemptive relief granted by the SEC, extending the exemption until April 8, 2030, allowing Industry Members to truncate timestamps for reporting to the Central Repository rather than rounding them.
Learn More📈SEC Proceeds with Nasdaq's 21Shares Polkadot Trust Proposal
The SEC is evaluating a proposed rule change from Nasdaq to list and trade shares of the 21Shares Polkadot Trust. This proposal aims to track DOT token performance, adhering to regulatory standards for investor protection and market integrity. The regulations invite public commentary on any issues related to the proposal's approval or disapproval.
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