💰Regulation Update
The SEC has published a notice regarding a proposed rule change by the Investors Exchange LLC to amend its fee schedule by introducing a new rebate tier and revising fees for transactions priced above $1.00. The proposal aims for immediate effectiveness, and the Commission invites public comments.
Learn More📈Margin Add-On Charge Proposed by Options Clearing Corporation
The Securities and Exchange Commission issued a notice regarding a proposed rule change by the Options Clearing Corporation to establish a margin add-on charge. This measure aims to mitigate risks associated with intraday and overnight trading, particularly focusing on the trading of short-dated options. The proposal includes various amendments addressing industry feedback and regulatory standards.
Learn More📈Nasdaq Approves New Rule for Halt Auction Processes
The Nasdaq Stock Market is implementing new regulations to enhance trading halt processes, establishing price protections and modifying auction procedures. These changes aim to ensure that securities are appropriately priced during trading halts, improve price discovery, and maintain market integrity through enhanced mechanisms consistent with current practices for LULD and MWCB halts.
Learn More📈Nasdaq PHLX Proposes New OTTO Protocol for Options Trading
The SEC has published a notice regarding Nasdaq PHLX LLC's filing for a new trading protocol called "Ouch to Trade Options" (OTTO). The proposal aims to amend existing options rules, including order types and member fees. Stakeholders are invited to comment on this significant regulatory change, which is designed for immediate effectiveness, enhancing trading operations within the options market.
Learn More⏳Nasdaq MRX Delays New Options Regulatory Fee Implementation
The Securities and Exchange Commission announces a proposed rule change by Nasdaq MRX to delay the implementation of the new Options Regulatory Fee and its associated methodology, shifting the effective date to June 1, 2025, and introducing a sunset clause. The move aims to refine the fee structure before enforcement.
Learn More📊Withdrawal of Proposed Rule Change on Shareholder Meetings
The Securities and Exchange Commission formally acknowledged the withdrawal of a proposed rule change by Cboe BZX Exchange, which sought to exempt closed-end management investment companies from annual shareholder meeting requirements. This action underscores the complexities of regulatory compliance for investment companies under the Investment Company Act of 1940.
Learn More💰NYSE Arca Withdraws Proposed Waiver on Options Regulatory Fee
NYSE Arca, Inc. filed and subsequently withdrew a proposed rule change to waive the Options Regulatory Fee for December 2024. The proposal was temporarily suspended by the Securities and Exchange Commission, leading to its withdrawal, indicating ongoing scrutiny of trading fees and market operations.
Learn More💼Analysis of Cboe BYX Exchange Fee Schedule Change Proposal
The Cboe BYX Exchange has filed for a rule change to amend its fee schedule regarding Dedicated Cores. This filing seeks immediate effectiveness and invites public comments on its consistency with the Securities Exchange Act. Affected businesses are encouraged to review and respond to the proposed changes for potential implications on their operations and costs.
Learn More💰Cboe EDGX Proposes Amendments to Fee Schedule for Dedicated Cores
The SEC has published a notice regarding Cboe EDGX Exchange's proposed rule change to amend its fee schedule, specifically adopting new fees for Dedicated Cores. The exchange seeks immediate effectiveness of this change and is inviting comments from interested parties to assess its consistency with the Securities Exchange Act.
Learn More📈NYSE Withdraws Rule Change on Annual Meetings for Closed-End Funds
The SEC announces the withdrawal of NYSE's proposed rule amendment, which aimed to exempt closed-end funds registered under the Investment Company Act of 1940 from annual shareholder meeting requirements. The decision followed an extended review period and highlights ongoing regulatory scrutiny around shareholder engagement processes within the investment sector.
Learn More