📃Federal Reserve Notice on Exempted Transfer Agent Status
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision the Notice Claiming Status as an Exempted Transfer Agent (FR 4013; OMB No. 7100-0137).
Learn More💰Cboe BYX Exchange Proposed Increase in Physical Port Fees
Cboe BYX Exchange has proposed an increase in monthly fees for 10 Gb physical ports from $7,500 to $8,500. This fee adjustment aims to account for inflation and recent operational improvements, aligning the costs with enhanced service quality and competitive offerings in the market. The change is designed to support ongoing investments in technology and infrastructure.
Learn More⚖️Proposed Disruption Rule Change by NSCC and SEC
The SEC has published a notice regarding the NSCC's proposed rule change to update the Disruption Rules, focusing on system interruptions. Key changes include refined definitions, enhanced notification requirements, and provisions for reconnection of disrupted systems, aiming to improve operational resilience and risk management across associated clearing agencies and participants.
Learn More💵Cboe Increases Monthly Fee for 10 Gb Physical Ports
The Securities and Exchange Commission has published a notice from Cboe EDGX Exchange regarding a proposed rule change to increase monthly fees for 10 Gb physical ports. This adjustment is intended to help maintain and improve market technology and services, reflecting the Exchange's investments and the impact of inflation on operational costs.
Learn More⚖️Proposed Regulatory Changes for DTC Participant System Disruptions
The document posted by the SEC details proposed amendments to the Disruption Rules of the Depository Trust Company, focusing on enhancing protocols for managing system disruptions. Key changes include updated definitions, notification requirements, and governance structures for addressing Major System Events, aimed at improving operational resilience and compliance among market participants.
Learn More💹Proposed Rule Change for 21Shares Polkadot Trust Listing
The Securities and Exchange Commission is reviewing a proposed rule change from Nasdaq to list and trade shares of the 21Shares Polkadot Trust under Nasdaq Rule 5711(d). This proposal outlines the structure and function of the Trust, detailing its investment objectives and the mechanisms for trading and valuation of the shares in the evolving cryptocurrency market.
Learn More📄Update on Beneficial Ownership Reporting Requirements and Exemptions
FinCEN is adopting this interim final rule to narrow the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) to require only entities previously defined as "foreign reporting companies" to report BOI. Under this interim final rule, entities previously defined as "domestic reporting companies" are exempted from the reporting requirements and do not have to report BOI to FinCEN, or update or correct BOI previously reported to FinCEN. With limited exceptions, the interim final rule does not change the existing requirement for foreign reporting companies to file BOI reports, but it extends the deadline to file initial BOI reports, and to update or correct previously filed BOI reports, to 30 days from the date of this publication to give foreign reporting companies additional time to comply. However, the interim final rule exempts foreign reporting companies from having to report the BOI of any U.S. persons who are beneficial owners of the foreign reporting company and exempts U.S. persons from having to provide such information to any foreign reporting company for which they are a beneficial owner. FinCEN is accepting comments on this interim final rule. FinCEN will assess the exemptions, as appropriate, in light of those comments and intends to issue a final rule this year.
Learn More📈Nasdaq Proposes Changes to Fee Structure and Incentives
Nasdaq announces a proposed rule change aimed at amending fee structures, introducing new fee credits, and adjusting existing requirements for trading on the Exchange. These amendments are intended to encourage liquidity and enhance market quality, ultimately fostering a competitive trading environment for participants.
Learn More🤖SEC Roundtable on Artificial Intelligence in Financial Industry Announced
The SEC has announced a public roundtable focused on artificial intelligence in the financial industry, inviting participation from market participants, academics, and industry professionals to discuss its risks, benefits, and governance. The meeting will be held at the SEC headquarters and is open for public attendance and feedback.
Learn More📈SEC Notice on Barings LLC's Application for Share Class Exemption
The SEC issued a notice regarding an application by Barings LLC and Barings Private Credit Corporation for an exemption under the Investment Company Act. The application seeks permission for registered closed-end investment companies to issue multiple classes of shares with varying fees, enhancing flexibility in investment structures. Interested parties can request a hearing on the matter.
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