📈SEC Approves FLEX Options Trading on iShares Bitcoin Trust ETF
The SEC has approved Nasdaq PHLX LLC's proposal allowing the trading of FLEX options on the iShares Bitcoin Trust ETF. This proposal is set to enhance trading opportunities and risk management for market participants by introducing customized options that support various investment strategies. It also includes position and exercise limits to mitigate market manipulation risks.
Learn More💼SEC Notice on Lord Abbett Private Credit Fund Exemption Application
The SEC issues a notice regarding an application by Lord Abbett Private Credit Fund for an exemption under the Investment Company Act, allowing the issuance of multiple share classes with diverse fees. This move aims to enhance operational flexibility for investment companies regulated as business development companies. Interested parties can request a hearing or further information through specified channels.
Learn More📈Nasdaq MRX Proposes Rule Change on SQF Ports for Market Makers
Nasdaq MRX proposes a rule change to limit the number of Specialized Quote Feed (SQF) Ports a Market Maker can subscribe to in a month, aiming for greater efficiency in connectivity management. The cap is set at 250 ports, impacting how Market Makers operate while fulfilling regulatory obligations. The changes are intended to secure trading environments and promote market growth.
Learn More🏦Harmonizing NYSE Texas Rule 11.3110 with FINRA Inspection Requirements
The SEC has published a notice regarding a proposed rule change by NYSE Texas to align its inspection regulations with FINRA’s rules. This change introduces a voluntary remote inspection program and outlines specific criteria for conducting inspections and classifying residential supervisory locations, aiming to enhance operational efficiency and regulatory compliance across firms.
Learn More📈Nasdaq ISE Proposes SQF Ports Subscription Limit for Market Makers
The Securities and Exchange Commission published a notice regarding a proposed rule change by Nasdaq ISE, LLC aimed at imposing a limit of 250 Specialized Quote Feed Ports that Market Makers may subscribe to each month. This change is intended to enhance operational efficiency and ensure secure trading practices while maintaining necessary regulatory oversight.
Learn More📈Rule 17Ad-16 Compliance Requirements for Transfer Agents
The SEC issued a notice concerning Rule 17Ad-16, requiring registered transfer agents to notify qualified securities depositories of any changes in their services. This rule aims to prevent delays in certificate transfers by ensuring accurate communication between transfer agents and depositories. The notice includes an estimated financial burden for compliance, reflecting the need for thorough record-keeping and notification practices.
Learn More📈Analysis of SEC Rule 7d-2 Affecting Canadian Retirement Accounts
The SEC is soliciting comments on Rule 7d-2, which allows Canadian retirement accounts to invest in securities without U.S. registration. The rule facilitates better financial management for Canadian-U.S. Participants, enabling them to adjust investments tax-efficiently and comply with U.S. regulations regarding foreign funds.
Learn More📈Proposed Rule Change for Bitwise 10 Crypto Index ETF
The Securities and Exchange Commission has addressed a proposed rule change by NYSE Arca to list and trade shares of the Bitwise 10 Crypto Index ETF. The document outlines multiple rounds of approval and public comment periods, indicating the ongoing regulatory review process and potential market implications for securities trading.
Learn More📊Nasdaq GEMX Proposes Rule Change on SQF Ports Subscription Limit
Nasdaq GEMX aims to enhance trading efficiency and manage connectivity with a proposed rule limiting Market Makers to 250 Specialized Quote Feed Ports per month. This change is designed to promote better regulatory compliance and operational efficiencies while securing investor interests within the trading environment, set to be effective from August 2025.
Learn More📈Rule Change Permits New Options Trading on Grayscale Bitcoin Trust
The Securities and Exchange Commission approved a proposed rule change from NYSE Arca to amend trading limits on options related to the Grayscale Bitcoin Trust (GBTC). The revision allows for flexible exchange options, enhancing market participation and liquidity while maintaining robust regulatory oversight. The change aims to facilitate better trading conditions within the evolving cryptocurrency market.
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