📈NYSE Arca Approves Rule Change for Digital Asset Trading
The Securities and Exchange Commission has approved NYSE Arca's proposed rule change, allowing the listing and trading of shares of the Grayscale Digital Large Cap Fund LLC. This move significantly updates the definition of Trust Units and allows for investments represented by an index or portfolio, enhancing opportunities for digital asset trading on the exchange.
Learn More🔒SEC Sunshine Act Meeting Notice and Business Implications
The SEC has scheduled a closed meeting to consider various enforcement matters, including litigations and administrative proceedings. Attendance will be limited to key commission personnel, and any changes in meeting details will be communicated via their website. This meeting may influence regulatory compliance practices for affected businesses.
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.
Learn More📝SEC Announces Comment Request on Form S-8 Compliance Requirements
The SEC is soliciting comments on the proposed extension of Form S-8, which facilitates the registration of securities in connection with employee benefit plans. The notice highlights the agency's efforts to ensure adequate investor information and the associated information collection burden on businesses, including time and cost estimates for compliance activities.
Learn More📈Nasdaq PHLX Rule Change on Equity 4 Data Feeds Impact Analysis
The Securities and Exchange Commission announces a rule change by Nasdaq PHLX LLC to amend Equity 4, Rule 3304, establishing new primary and secondary sources for quotation data. This update aims to enhance transparency, regulatory compliance, and improve market operation efficiency through a direct feed from 24X Stock Exchange.
Learn More📈Nasdaq Proposes Rule Change for Quotation Data Sources
The Securities and Exchange Commission has published a notice regarding Nasdaq's proposed amendment to Equity 4, Rule 4759, establishing new primary and secondary sources of quotation data from a new market center. This change aims to enhance market transparency and operational efficiency in the handling and execution of orders.
Learn More📈SEC Notice on Information Collection for Rule 604
The SEC announces a request for extension concerning Rule 604, which mandates the public disclosure of customer limit orders by specialists and market makers. This regulation enhances market transparency for investors, potentially improving execution opportunities and access to optimal prices in securities trading. Written comments are invited to assess the collection’s necessity and effectiveness.
Learn More📞DTC Updates Contact Procedures
The Securities and Exchange Commission has published a notice regarding proposed rule changes by The Depository Trust Company (DTC). The changes aim to update DTC Procedures, including replacing outdated contact methods with a more streamlined online client portal, enhancing communication pathways for participants engaged in securities transactions.
Learn More📈Nasdaq BX Proposes Rule Change on Quotation Data Sources
Nasdaq BX, Inc. proposes an amendment to Equity 4, Rule 4759, establishing a primary and secondary source of quotation data from a new market center. This update involves enhancements to data feeds that assist in the handling, routing, and execution of orders, aimed at promoting market transparency and regulatory compliance practices.
Learn More📈Regulatory Impact of Form 13F on Institutional Investors
The SEC is seeking comments on the collection of information via Form 13F, which requires institutional investment managers with significant holdings to submit quarterly reports. Recent amendments include electronic submission and additional identifying information to modernize data reporting and ensure compliance with legal standards, emphasizing transparency in financial reporting.
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