📈SEC's Proposed Rule Changes Impacting Financial Clearing Agencies
The SEC has announced the designation of a longer period for reviewing proposed rule changes related to system disruptions by the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. Comments have been received, and the Commission emphasizes the need for sufficient time to evaluate the changes before approval or disapproval.
Learn More💵FICC's Intraday Mark-to-Market Charge
The SEC has approved a proposed rule change by the Fixed Income Clearing Corporation (FICC) to adopt an Intraday Mark-to-Market Charge. This change aims to manage intraday risks associated with Members' portfolios by adjusting margin calculations, thereby enhancing financial stability and risk assessment for government securities trading.
Learn More📈SEC Requests OMB Extension for Rule 19b-4(e) Compliance
The Securities and Exchange Commission (SEC) is submitting a request to the Office of Management and Budget (OMB) for an extension regarding the information collection activities related to Rule 19b-4(e). This rule allows self-regulatory organizations to list new derivative securities products without prior approval, but requires public reporting of relevant information to maintain accurate records.
Learn More📈SEC Requests OMB Review for Form 18-K Annual Report Extension
The SEC has submitted a request to the OMB for an extension of the Form 18-K, an annual report fundamentally used by foreign governments with securities listed in the U.S. The form ensures the availability of important investment information for public disclosure, with no financial burden for the issuers since they maintain internal reporting.
Learn More📈Cboe BZX Exchange Proposes New Complex Order Market Data Feeds
The Cboe BZX Exchange proposes new market data products, including Complex Order Feeds, to enhance trading information for market participants. These feeds will offer real-time data on the Complex Order Book, promoting informed investment decisions and reflecting the Exchange's compliance with securities regulations. Comments from interested parties are being solicited.
Learn More📊SEC Requests Comments on Investment Company Compliance Rule
The Securities and Exchange Commission seeks public comments on the proposed collection of information related to Rule 18f-1 and Form N-18F-1. This rule outlines requirements for registered investment companies that opt for cash redemptions, with a focus on the reduction of reporting burdens and the necessity of compliance.
Learn More📈FICC Proposed Rule Changes on Default Management and Porting
The Securities and Exchange Commission published a notice regarding the FICC's proposed amendment to enhance its default management rules. The changes aim to clarify the management of government securities and improve operational efficiency for indirect participants, including mechanisms for liquidation of transactions amid defaults. Comments and further evaluations are invited from stakeholders in the financial industry.
Learn More📈MIAX Sapphire Updates Rule Citations for Regulation NMS Compliance
The Securities and Exchange Commission has published a notice regarding MIAX Sapphire's proposed rule change to update citations to Rule 600(b) of Regulation NMS. This change aims to enhance clarity and compliance within the Exchange's Rulebook and ensure that members and the investing public can navigate the rules more effectively.
Learn More📈Cboe BZX Complex Orders Regulation Notice
The Cboe BZX Exchange has proposed new regulations to govern the trading of complex orders, outlining definitions, trading mechanisms, and risk mitigation procedures. These changes aim to enhance market liquidity, improve execution opportunities, and maintain market integrity, adapting to the dynamics of complex option strategies. The regulations reflect consistency with similar rules from other exchanges to foster equitable trading practices.
Learn More⏳Delay Proposed for AML/CFT Requirements for Investment Advisers
FinCEN is proposing to amend the Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) Program and Suspicious Activity Report (SAR) Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers (IA AML Rule) to delay the effective date by two years. The IA AML Rule is effective on January 1, 2026. This proposal seeks to amend the effective date to January 1, 2028.
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