📈SEC Notice
The SEC issued a notice regarding an application under the Investment Company Act for an exemption allowing certain registered closed-end investment companies to issue multiple classes of shares. This includes permission for imposing asset-based distribution fees and early withdrawal charges, highlighting regulatory adjustments in the investment landscape. Interested parties may request a hearing on the application.
Learn More📈FINRA Proposes Exemption for Business Development Companies
The SEC is reviewing a FINRA proposal to exempt certain business development companies from specific restrictions regarding public offerings and allocations. This notice extends the period for consideration of the proposal, allowing for further evaluation of feedback received during the comment period. The outcome could impact regulatory compliance for affected entities.
Learn More📈SEC Notice on Amendments to Options Trading Rules
The SEC published a notice regarding MEMX LLC's proposal to amend its options trading rules, specifically Rules 18.7 and 18.9, concerning position and exercise limits. The proposed changes aim to align MEMX's rules with those of other exchanges, enhancing clarity and consistency, while ensuring compliance with existing regulatory frameworks.
Learn More💰Nasdaq Proposes New Fee Credits for Liquidity Providers
The Nasdaq Stock Market LLC proposed a rule change to amend its fee schedule, introducing new credits for members that exceed liquidity thresholds as designated liquidity providers for exchange-traded products. This initiative aims to enhance competitiveness and facilitate increased trading activity in specific securities, providing financial incentives to members.
Learn More📈SEC Approves Options Trading on iShares Ethereum Trust
The SEC has published a notice regarding a proposed rule change to allow the listing and trading of options on the iShares Ethereum Trust, aiming to enhance market efficiency and provide investors with additional tools to manage their exposure to Ethereum. This regulatory change is expected to improve liquidity and transparency in the trading of cryptocurrency assets.
Learn More📈Cboe Proposes to Eliminate Position Limits for Specific Options
The Securities and Exchange Commission is reviewing Cboe Exchange's proposed rule change to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 ESG Index. The decision on this proposal, initially expected by May 2025, has been extended to June 30, 2025, to allow for thorough consideration of the associated issues.
Learn More🏦Bank Merger Act Rule Restores Expedited Review Process
The OCC is adopting an interim final rule to restore the streamlined application and expedited review to its procedures for reviewing applications under the Bank Merger Act and rescinding a policy statement that summarized the OCC's review of proposed bank merger transactions under the Bank Merger Act.
Learn More📈SEC Notice on ICE Clear Credit CDS Contracts Rule Change
The SEC is soliciting comments on ICE Clear Credit LLC's proposed rule change to allow clearance of additional Standard Emerging Market Sovereign CDS contracts. This amendment, expected to enhance market efficiency, includes the Republic of Côte d'Ivoire in the list of eligible reference entities for clearing, promoting better risk management in CDS transactions.
Learn More📈SEC Notice on GoldenTree Fund Exemption Application
This SEC notice pertains to an application from GoldenTree Opportunistic Credit Fund for an exemption to allow multiple share classes and the imposition of asset-based fees. The Commission invites public comments and requests for hearings on this application, highlighting its significance for registered investment companies.
Learn More📊Proposed Collection Extension for Exchange Act Form 10-Q
The Securities and Exchange Commission (SEC) is soliciting comments on the proposed extension of the information collection associated with Exchange Act Form 10-Q. This form ensures quarterly reporting compliance by issuers and helps provide adequate information to investors, reflecting the ongoing commitment to regulatory oversight. The SEC estimates substantial preparation time and associated costs for businesses involved.
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