📈Cboe BZX Proposed Rule Change on Closing Auction Orders
The Cboe BZX Exchange is proposing amendments to its rules regarding the closing auction process. This includes changing the Market-On-Close order cutoff time from 3
Learn More📈FICC's Proposed Rule Changes on Capital Policy and Replenishment Plan
The Securities and Exchange Commission announces the Fixed Income Clearing Corporation's proposed amendments to its Capital Policy and Capital Replenishment Plan. The revisions aim to simplify and clarify the policy, ensuring effective management of capital reserves needed for business continuity against potential financial losses. The plan updates authorization procedures to enhance operational resilience.
Learn More📜SEC Seeks Comments on Proposed Rule 31 and Form R31 Extension
The Securities and Exchange Commission announces a request for comments on the proposed collection of information under Rule 31 and Form R31. This collection aims to assess and adjust fees from national securities exchanges based on transaction volumes, requiring monthly reporting to ensure compliance with the Securities Exchange Act. The SEC invites input on the practicality and utility of this information gathering process.
Learn More📈Nasdaq GEMX Discontinues Proposed Options Regulatory Fee Model
Nasdaq GEMX proposes to discontinue the Options Regulatory Fee model scheduled for June 2025 due to feedback from members and an upcoming technology migration at the OCC. The Exchange is evaluating a new model focused solely on on-exchange transactions, aiming for fairness and simplicity in fee assessments.
Learn More📈Proposed Rule Change for FLEX Options to Allow Cash Settlement
The Securities and Exchange Commission announced amendments to the rules governing FLEX Options, enabling cash settlement for certain equity securities. This change aims to enhance trading opportunities and provide risk management tools for market participants, ultimately promoting market liquidity and transparency. The Exchange expects this will spur competition with the OTC market and broaden access to these financial instruments.
Learn More📈Notice on Proposed Rule Changes for Clearing Agencies by SEC
The Securities and Exchange Commission issued a notice regarding proposed rule changes from The Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes aim to modify existing disruption rules to enhance operational resiliency and address system disconnects, with a longer review period designated for comprehensive evaluation.
Learn More📊LEI Requirement for DTC Participants
The Securities and Exchange Commission (SEC) announces a proposed rule change by The Depository Trust Company (DTC) to amend its rules, requiring all participants to obtain and maintain a Legal Entity Identifier (LEI). This change aims to enhance data quality, simplify operational processes, and improve risk management in financial transactions among DTC participants.
Learn More📈SEC Proposes Allocation of Regulatory Responsibilities Between FINRA and 24X
The SEC has announced a proposed plan for the allocation of regulatory responsibilities between FINRA and 24X National Exchange, aimed at reducing regulatory duplication and compliance costs for firms that are members of both organizations. This plan will enable enhanced coordination and oversight within the financial securities industry.
Learn More💰IEX Proposes New Market Quality Incentives for Increased Liquidity
The Securities and Exchange Commission has published a notice regarding the Investors Exchange LLC's proposal to amend its fee schedule, establishing a Supplemental Market Quality Program. This initiative aims to boost displayed liquidity and order flow by providing financial incentives for members who meet specific trading activity criteria in designated securities.
Learn More📈Mandatory Reporting for Foreign-Resident Holdings of U.S. Securities
By this Notice the Department of the Treasury is informing the public that it is conducting a mandatory survey of foreign-residents' holdings of U.S. securities, including selected money market instruments, as of June 30, 2025. This mandatory survey is conducted under the authority of the International Investment and Trade in Services Survey Act. This Notice constitutes legal notification to all United States persons (defined below) who meet the reporting requirements set forth in this Notice that they must respond to, and comply with, this survey. Additional copies of the reporting forms SHLA (2025) and instructions may be printed from the internet at: https:// home.treasury.gov/data/treasury-international-capital-tic-system-home- page/tic-forms-instructions/forms-shl.
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