📈ICE Clear Credit's Proposed Rule Change on CDS Reference Obligations
ICE Clear Credit LLC has proposed changes to its rules regarding Contract Reference Obligations for Credit Default Swap contracts. This change aims to enhance clarity and transparency in the selection process, ensuring timely and accurate market representations while incorporating public consultations to address any potential objections.
Learn More💰Proposed Changes to Capital Plan Rule and Stress Capital Buffer
The Board is inviting public comment on a notice of proposed rulemaking (the proposal) that would amend the calculation of the Board's stress capital buffer requirement applicable to certain large bank holding companies, savings and loan holding companies, U.S. intermediate holding companies of foreign banking organizations, and nonbank financial companies supervised by the Board to reduce the volatility of the stress capital buffer requirement. The proposal would use the average of the maximum common equity tier 1 capital declines projected in each of the Board's prior two annual supervisory stress tests to inform a firm's stress capital buffer requirement. The proposal would also extend the annual effective date of the stress capital buffer requirement by one quarter, to January 1, to provide additional time for firms to comply with the requirement. In addition, the proposal would make changes to the FR Y-14A/Q/M reports to collect additional net income data that would improve the accuracy of the stress capital buffer requirement calculation, as well as remove data items that are no longer needed to conduct the supervisory stress test. The changes in the proposal are not designed to materially affect overall capital requirements and would decrease regulatory reporting burden.
Learn More📈SEC Meeting Notice on Legal Matters and Administrative Proceedings
The Securities and Exchange Commission is scheduled to hold a closed meeting on April 24, 2025, focusing on various legal and administrative matters including injunctive actions, litigation, and enforcement proceedings. The meeting will be attended by key staff and is closed to the public, emphasizing confidentiality in regulatory discussions.
Learn More📊SEC Extends Review Period for Proposed Amendment to Audit Trail Plan
The SEC has extended the review period for a proposed amendment to the Consolidated Audit Trail governing reporting requirements. Designed to include more verbal and floor activity, this amendment aims to enhance oversight within the National Market System Plan. The Commission is allowing additional time to assess policy issues and comments related to the proposal.
Learn More💹SEC Notice
The Securities and Exchange Commission (SEC) has issued a notice regarding the proposed rule change by the Miami International Securities Exchange to allow options trading on the VanEck Bitcoin Trust. This rule amendment is intended to enhance market access for investors looking to gain exposure to Bitcoin, providing them with new tools for hedging and trading while adhering to regulatory standards.
Learn More📈Nasdaq PHLX Updates Complex Order Functionality for Traders
Nasdaq PHLX LLC proposes amendments to its complex order functionality to enhance trading efficiency and regulatory compliance. The changes align with existing systems at Nasdaq ISE and MRX, aiming for improved performance and scalability in complex options trading. This update includes rule modifications affecting legging orders, complex order strategies, and risk protections to better serve market participants.
Learn More📊ICC's Governance Playbook Revision to Enhance Risk Management
ICE Clear Credit has filed a proposed rule change revising its Governance Playbook to establish a new Board Risk Committee. This initiative is intended to improve oversight of risk management within ICC, ensuring better compliance and operational efficiency in the clearing of securities transactions and derivatives. The changes will enhance transparency and governance in risk oversight.
Learn More📈NYSE Arca Proposed Rule Change for Grayscale Ethereum ETF Staking
The SEC has extended the review period for NYSE Arca's proposed rule change to allow staking of Ether held by the Grayscale Ethereum Trust ETFs. The extended period aims to provide the Commission sufficient time to consider the implications of the proposed change and improve regulatory oversight before making a decision.
Learn More💰Cboe BZX's Proposed Rule Change for VanEck Bitcoin and Ethereum Trusts
The SEC has announced an extension for its review of a proposed rule change by Cboe BZX Exchange to amend trading rules for the VanEck Bitcoin Trust and VanEck Ethereum Trust. This amendment aims to permit in-kind creations and redemptions, allowing for flexibility in trading these cryptocurrency-related securities. The extended review period will allow the SEC to thoroughly consider the implications of the proposed changes.
Learn More📈SEC Updates EDGAR Filer Manual
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. Version 73 of Volume II of the Filer Manual reflects and identifies changes to EDGAR made in connection with Release 25.1, and Version 74 of Volume II of the Filer Manual synthesizes changes from Version 73 with changes to EDGAR made in connection with the Commission's September 27, 2024, EDGAR Filer Access and Account Management rulemaking ("EDGAR Next"). The Commission is incorporating by reference Version 74 of Volume II.
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