💹SEC Regulatory Notice on Osprey Bitcoin Trust Trading Proposal
The SEC has initiated proceedings to evaluate a proposed rule change by Cboe BZX Exchange for listing and trading shares of the Osprey Bitcoin Trust. This involves assessing the proposed Trust's compliance with existing regulations and soliciting public comments to inform the decision-making process. Stakeholders are encouraged to provide written feedback regarding potential issues and the implications of this proposal on market integrity.
Learn More📈Nasdaq Proposes Rule Change for 21Shares Dogecoin ETF Trading
The Securities and Exchange Commission has extended the review period for Nasdaq's proposed rule change to list and trade shares of the 21Shares Dogecoin ETF. This decision allows for further consideration of the proposal and reflects the ongoing evolution in cryptocurrency investment within regulated markets, highlighting industry interest in innovative financial products.
Learn More💰SEC Considers Staking Proposal for Bitwise Ethereum ETF
The Securities and Exchange Commission is evaluating a proposed rule change by NYSE Arca to amend regulations governing the listing of the Bitwise Ethereum ETF, specifically to allow staking of ether. This order initiates proceedings to determine if the change meets federal securities standards, inviting public comments and feedback on the proposal.
Learn More📈NYSE Price List Amendment
The NYSE announces proposed changes to its Price List aimed at enhancing trading activity among Designated Market Makers (DMMs) for Exchange Traded Products (ETPs). The amendments introduce additional monthly quoting incentives to encourage DMMs to provide liquidity and maintain competitive quoting levels, particularly in the critical first 36 months after an ETP's listing on the exchange.
Learn More📈Proposed NYSE Rule Changes on Trading Halts Impact Businesses
The New York Stock Exchange (NYSE) filed proposed rule changes to amend its regulations on trading halts, intending to merge existing rules for clarity and consistency across self-regulatory organizations. The changes aim to enhance regulatory oversight for trading activities in response to operational or regulatory disruptions, thus promoting orderly market conditions.
Learn More📈Nasdaq Proposal for Generic Listing of Multi-Class ETFs Under Review
The SEC has extended the review period for Nasdaq's proposed rule change to adopt Rule 5703, which would allow the generic listing and trading of Multi-Class Exchange-Traded Fund Shares. The extension aims to provide adequate time for the Commission to consider the proposal and related issues before making a decision.
Learn More📈Nasdaq Proposes Enhanced Closing Price Determination for ETPs
The Securities and Exchange Commission has announced a proposed rule change by Nasdaq to modify how the Official Closing Price (NOCP) is determined for exchange-traded products (ETPs) with less than one round lot traded. By adopting a time-weighted average price method, the proposal aims to provide a more accurate reflection of ETP values, particularly for those with lower trading volumes.
Learn More🏦Proposed Rule Change Impacting Security-Based Swap Facilities
The SEC has issued a notice regarding the proposed rule change by the NYSE to amend the Certificate of Incorporation for Intercontinental Exchange, reflecting new regulations for security-based swap execution facilities. The amendment aims to clarify ownership limitations and ensure compliance with applicable securities regulations. It also includes updates to the registered office address and other non-substantive changes.
Learn More📉Removal of Annuity Provider Regulation
This direct final rule (DFR) removes 29 CFR 2550.404a-4 from the Code of Federal Regulations, which is a regulation published in 2008 that provides a fiduciary safe harbor for the selection of annuity providers for the purpose of benefit distributions from individual account retirement plans covered by title I of the Employee Retirement Income Act of 1974 (ERISA). The regulatory safe harbor became unnecessary in 2019 when Congress amended ERISA to add a more streamlined fiduciary safe harbor covering the same activity. Although the statutory safe harbor did not technically nullify or repeal the regulatory safe harbor, its existence offers an unnecessary and inefficient alternative and may inadvertently be a trap for the unwary. This action improves the daily lives of the American people by reducing unnecessary, burdensome, and costly Federal regulations.
Learn More📈NYSE American Proposes Changes to Intercontinental Exchange Rules
The NYSE American seeks to amend the incorporation certificates of Intercontinental Exchange, Inc. and its holdings to comply with new regulations for security-based swap execution facilities, including adjustments to voting and ownership limitations. The proposal includes aligning operational procedures with federal standards and updating the registered office location in Delaware.
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