📈Proposed Rule Change to NSCC's Risk Management Framework
The notice from the Securities and Exchange Commission announces the proposed rule change by the National Securities Clearing Corporation to amend its Risk Management Framework. This includes updates on the quarterly and annual review processes, clarification measures, and the removal of specific references, aimed at enhancing clarity within its operational guidelines.
Learn More📈FICC Proposes Amendments to Risk Management Framework
The SEC published a notice regarding FICC's proposed rule change to amend its Risk Management Framework. The changes aim to clarify the quarterly escalation process, annual reviews, and eliminate references to the Systemic Risk Council. Stakeholders are invited to submit comments regarding the proposed changes.
Learn More📄SEC Notice on Information Collection for Rule 0-4 Compliance
The SEC is proposing an extension for Rule 0-4 under the Advisers Act, which prescribes application requirements for exemptive relief. The notice solicits comments on the information collection process, allowing stakeholders to provide input on its necessity, utility, and burden on applicants.
Learn More📈Proposed Rule Change for Options on Commodity-Based Trust Shares
The Securities and Exchange Commission is considering a proposed rule change from MIAX Pearl to allow the listing and trading of options on Commodity-Based Trust Shares. This amendment aims to enhance trading efficiency and competition among exchanges, benefiting market participants by enabling quicker hedging opportunities on these commodities.
Learn More💰CAIS Amendment Reduces Mandatory Reporting for Securities Industry
The CAIS Amendment proposes significant changes to the National Market System Plan by eliminating the requirement for reporting certain customer information, including names, addresses, and years of birth. This amendment aims to enhance data security while achieving substantial cost savings, estimated at $12 million annually, for participating organizations in the securities industry.
Learn More📈Proposed Rule Change for Selective Midpoint Order by NYSE Arca
The Securities and Exchange Commission is reviewing a proposed rule change by NYSE Arca to implement the Selective Midpoint Order (SeMi), which will replace the Discretionary Pegged Order. This new order type aims to enhance market liquidity and prevent trades during unstable conditions, utilizing a machine learning model for market stability predictions.
Learn More📈SEC Notice on Columbia Credit Opportunities Fund Exemptions
The notice from the Securities and Exchange Commission pertains to an application for exemptions under the Investment Company Act, allowing the Columbia Credit Income Opportunities Fund to issue multiple classes of shares and implement service fees and early withdrawal charges. Interested parties may request a hearing on the matter.
Learn More📈SEC Notice on Franklin Solana ETF Proposed Rule Change
The SEC published a notice regarding the proposed rule change from Cboe BZX Exchange, Inc. to list and trade shares of the Franklin Solana ETF, a commodity-based trust, allowing for investment opportunities in digital assets and addressing regulatory compliance related to cryptocurrency market dynamics.
Learn More📈SEC Notice on Options Trading for Commodity-Based Trust Shares
The Miami International Securities Exchange proposed an amendment to its rule allowing options to be listed and traded on Commodity-Based Trust Shares. This change aims to enhance market competition, streamline approval processes for new options, and facilitate greater trading activity, promoting investment opportunities. Interested parties are invited to comment on this proposal.
Learn More📈MIAX Sapphire Proposes New Fee Categories for Market Data Feeds
MIAX Sapphire, LLC has filed a proposed rule change with the SEC to amend the fee schedule by introducing new fee categories for proprietary market data feeds, including MIAX Sapphire Top of Market and MIAX Sapphire Liquidity Feed, which are designed to enhance trading functionality. The proposal is open for public comment.
Learn More