📈Proposed FICC Rule Change Enhances Default Management Procedures
The Securities and Exchange Commission has published a proposal from the Fixed Income Clearing Corporation to modify its Government Securities Division Rulebook. The changes aim to enhance understanding of default management procedures and facilitate transfers of indirect participant activity, ultimately promoting greater financial stability and clarity within the securities market.
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.
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 Extends Review Period for Grayscale Bitcoin Trust Options
The Securities and Exchange Commission (SEC) has announced a longer review period for the proposed rule change by NYSE American LLC, focused on allowing FLEX options on the Grayscale Bitcoin Trust. The decision is part of a regulatory process that aims to provide the SEC with adequate time to assess the implications of this financial product.
Learn More📈ICE Clear Credit Proposes Rule Change on Monitoring Procedures
ICE Clear Credit LLC has filed a proposed rule change to update its Counterparty Monitoring Procedures, focusing on clarifications to ensure consistency with current practices without altering the ICC Clearing Rules. The changes aim to enhance the effectiveness and clarity of oversight over counterparties, reinforcing the stability and integrity of clearance and settlement processes.
Learn More💹SEC Review of Cboe BZX's Proposed Rule Change for Crypto ETF
The SEC is evaluating a proposed rule change by Cboe BZX Exchange to amend the listing and trading rules for the Franklin Crypto Index ETF, permitting the staking of ether. This move could influence regulatory compliance and the market dynamics of cryptocurrency investment. Comments from interested parties are encouraged to guide the Commission's decision.
Learn More📈FINRA Proposes Amendments to TRACE Reporting Regulations
The SEC publishes a notice regarding FINRA's proposed rule changes to amend TRACE reporting rules, aiming to maintain a 15-minute reporting deadline and introduce simplified allocation reporting for managed accounts. The changes intend to enhance efficiency and address compliance concerns raised by financial firms engaged in transaction reporting.
Learn More📈Nasdaq ISE Proposes Amendments to Options Pricing Structure
The Securities and Exchange Commission has published a notice concerning Nasdaq ISE's proposed rule change to amend fees for Nasdaq 100 Index options. The amendment introduces a surcharge aimed at encouraging more liquidity among Non-Priority Customers while maintaining unchanged fees for Priority Customers, reflecting a broader effort to enhance trading efficiency.
Learn More📈NYSE Arca Proposes Amendments to ETF Options Listing Criteria
The Securities and Exchange Commission has published a notice of a proposed rule change by NYSE Arca to amend criteria for listing options Exchange-Traded Fund Shares. The changes aim to clarify and streamline existing rules, aligning them with those of other exchanges to promote consistency and transparency in ETF options trading.
Learn More💹SEC Proposes Rule Change for Franklin Ethereum ETF Staking
The Securities and Exchange Commission is evaluating a proposed rule change from Cboe BZX Exchange to amend the listing and trading rules for the Franklin Ethereum ETF, specifically to permit staking of ether. This change could alter trading dynamics and regulatory frameworks within the cryptocurrency market.
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