📈Key Updates to EDGAR Filer Manual and Compliance Requirements
The Securities and Exchange Commission ("Commission") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual ("EDGAR Filer Manual" or "Filer Manual") and related rules and forms. Certain updates reflect and identify changes to EDGAR made in connection with EDGAR Release 25.2. Additional updates reflect and identify changes to EDGAR made in connection with the Commission's September 27, 2024 EDGAR Filer Access and Account Management rulemaking ("EDGAR Next").
Learn More📜DOL Finalizes Removal of Obsolete Insurance Regulation
This DFR removes 29 CFR 2550.401c-1 from the Code of Federal Regulations, which the Department of Labor (DOL) believes is obsolete. The regulation applies only to certain insurance policies or contracts issued to (or on behalf of) employee benefit plans on or before December 31, 1998. Given the unlikelihood that any of these policies or contracts remain in effect, the DOL believes the regulation is no longer needed and, if left on the books, could add confusion and unnecessary complexity. Removing obsolete regulations eliminates the burden on the public of having to determine whether they need to comply with the regulations. This action is being taken pursuant to Executive Order 14192, titled Unleashing Prosperity Through Deregulation.\1\ This action improves the daily lives of the American people by reducing unnecessary, burdensome, and costly Federal regulations. ---------------------------------------------------------------------------
Learn More📈NYSE Notice of Filing for SBSEF Regulatory Amendments
The Securities and Exchange Commission has published a notice regarding proposed amendments to the Certificate of Incorporation for Intercontinental Exchange, Inc. and its holdings, aimed at ensuring compliance with regulations regarding security-based swap execution facilities. The changes also include an update of the registered office in Delaware and conforming provisions related to stockholder voting and ownership limits.
Learn More📈Cboe Proposes One-Minute Interval Intraday Open-Close Report
Cboe C2 Exchange has filed with the SEC to introduce a new One-Minute Interval Intraday Open-Close Report, enabling traders to access more frequent trading data. This report aims to enhance participant insights on trading activities throughout the day, assisting in better-informed trading decisions and meeting evolving market demands.
Learn More📈FINRA's Rule 6152 for Enhanced Disclosure of Order Execution
The SEC approves FINRA Rule 6152, mandating members submit order execution reports for NMS stocks for centralized publication. This rule aims to increase transparency and access to essential execution quality data for regulators, investors, and other stakeholders, facilitating better analysis and comparison of execution statistics.
Learn More📈New One-Minute Interval Open-Close Report Proposed by Cboe
The Cboe Exchange proposes a new One-Minute Interval Intraday Open-Close Report, designed to deliver more frequent trading data updates. This product aims to provide market participants with better insights into investor sentiment and trading activity, facilitating improved trading decisions and strategies. The introduction of this data product aligns with evolving industry needs and enhances market transparency.
Learn More🏛️SEC Sunshine Act Meeting
The Securities and Exchange Commission has scheduled a closed meeting to discuss significant topics, including the resolution of litigation claims and enforcement proceedings. The discussions involve Commissioners and legal counsel, aiming to address injunctive actions and administrative proceedings relevant to regulatory compliance in various sectors.
Learn More📄SEC's Proposed Information Collection for Rule 17Ad-17 Compliance
The Securities and Exchange Commission is requesting comments on a proposed information collection under Rule 17Ad-17, which entails requirements for broker-dealers and transfer agents to search for lost securityholders and notify payees. The rule imposes recordkeeping obligations and outlines associated burdens and costs for compliance.
Learn More⏲️Cboe BYX Exchange Proposes Amendment on Timestamp Compliance
Cboe BYX Exchange has filed a proposed rule change to extend the timestamp granularity exemption under the CAT NMS Plan. The amendment updates compliance rules to allow the truncation of timestamps, instead of rounding them, for submissions until April 8, 2030, impacting regulatory obligations for trading firms.
Learn More📊Cboe EDGA Proposes Rule Change on Timestamp Granularity
The Cboe EDGA Exchange has filed a proposed rule change to amend its compliance rule regarding timestamp granularity. The amendment extends the expiration date of an exemptive relief from April 2025 to April 2030, affecting how timestamps are handled for reporting to the Consolidated Audit Trail (CAT). The change aims to ensure consistency with regulatory requirements while addressing operational procedures for Industry Members.
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