🔄LCH SA Regulatory Changes for Clearing Members Approved
The Securities and Exchange Commission has approved a proposed rule change by LCH SA concerning revisions to its Rule Book and regulations. Notably, Clearing Members are mandated to participate in regular testing of business continuity and disaster recovery plans, enhancing operational resilience and compliance standards within the clearing agency framework.
Learn More📈Analysis of BYX Exchange Enhanced Retail Price Improvement Order
The Securities and Exchange Commission has published a notice regarding Cboe BYX Exchange's proposed rule change to enhance its Retail Price Improvement Program. This includes an Enhanced RPI Order aimed at improving price competition for retail investors, expanding the program's scope to securities priced below $1.00, and providing further details on order priority and execution mechanics.
Learn More📄SEC Notice on Form T-1 Submission for OMB Review
The SEC is requesting an extension for Form T-1, a statement of eligibility under the Trust Indenture Act. This process collects information to determine corporate qualifications to act as trustees. The SEC encourages public comments regarding the necessity and burden of this information collection, which is mandatory for compliance.
Learn More📈SEC Proposes Extension of Form 18 for Foreign Securities Registration
The Securities and Exchange Commission is seeking an extension for Form 18, which allows foreign governments to register securities for U.S. exchanges. This form aims to inform U.S. investors about relevant foreign investment opportunities by ensuring they receive essential material information. Public comments are invited on the information collection's necessity and burden.
Learn More📄SEC Notice for OMB Review on Form T-6 Extension
The SEC has submitted a request to the Office of Management and Budget for an extension of the information collection associated with Form T-6. This form is critical for foreign corporations aiming to act as trustees under U.S. law, outlining the eligibility requirements and information collection process essential for compliance.
Learn More📄SEC Notice on Form T-3 Application for Indenture Qualification
The SEC is seeking comments on the extension of Form T-3, which is necessary for the qualification of indentures under the Trust Indenture Act of 1939. The form is crucial for offering debt securities not required to be registered under the Securities Act. The notice invites public feedback on the collection of information and its implications.
Learn More📄Compliance Requirements for Form 8-A Registration by SEC
The Securities and Exchange Commission seeks an extension for Form 8-A, a registration statement for securities. This form is essential for issuers with total assets exceeding $10 million, outlining required disclosures about equity securities, thereby ensuring compliance with the Securities Exchange Act of 1934.
Learn More⚖️FINRA's Proposed Rule Change on Sanctions Effectiveness
The SEC published a notice regarding FINRA's proposed rule change that allows delayed effectiveness of certain sanctions and actions. The amendments provide a framework for firms to seek relief before sanctions become effective, addressing the balance between regulatory enforcement and firms' rights to contest disciplinary measures. The change aims to enhance procedural fairness while maintaining investor protection.
Learn More📈SEC Notice on OCC's Revised Recovery and Wind-Down Plan
The SEC has announced the extension of the review period for proposed modifications to the Options Clearing Corporation's Recovery and Orderly Wind-Down Plan. This notice allows additional time for the SEC to assess the implications of the proposed rule changes, which aim to align with recent SEC regulations.
Learn More💰Amendments to CAT NMS Plan Affecting Customer Data Reporting
The SEC has published a notice regarding the filing of an amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT), proposing to reduce the customer information required for reporting. The amendment aims to enhance data privacy while generating significant cost savings for the involved parties. This proposal introduces substantial changes to data handling and compliance for industry members, alongside comments from various stakeholders.
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