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Regulations

  • Type:Notice
    Citation:90 FR 16036
    Reading Time:about 8 minutes

    ICE Clear Credit LLC (ICC) has proposed a change to its fee schedule, introducing a Client Volume Incentive Program. This program provides discounts on fees for clients who have annual billed fees for credit default swaps (CDS) exceeding $1 million USD. The discount is tiered, with up to 90% off for fees exceeding $6.4 million USD. The plan encourages more clients to use ICC's clearing services without imposing competitive burdens.

    Simple Explanation

    ICE Clear Credit LLC is giving big discounts to people who do a lot of business with them. If you spend over $1 million trading with them in a year, you can get up to 90% off some fees, but smaller businesses might not get the same big discounts.

  • Type:Notice
    Citation:90 FR 16038
    Reading Time:about 15 minutes

    Nasdaq PHLX LLC has proposed a rule change to its Customer Rebate Program, seeking approval from the Securities and Exchange Commission (SEC). The change involves paying only the higher rebate to a member when they qualify for two different rebate incentives in the same month, rather than providing both. This amendment is intended to simplify the rebate structure while still motivating members to engage with customer orders. The proposal aims to ensure equitable and fair rebates among members, without imposing any undue burden on market competition.

    Simple Explanation

    Nasdaq PHLX wants to change a rule so that when a member qualifies for two rewards in one month, they only get the bigger one. This change is meant to make things simpler and fairer for everyone.

  • Type:Rule
    Citation:90 FR 15409
    Reading Time:about 12 minutes

    The Coast Guard is setting up a temporary security zone near the Mar-A-Lago Club and the Southern Boulevard Bridge in Palm Beach, Florida. This security measure will be enforced only when VIPs, including the President, are present to protect against threats such as terrorism and sabotage. The rule is effective from March 19, 2025, to July 17, 2025, with public comments accepted until May 12, 2025. The regulation ensures that the waterways remain safe while imposing limited restrictions on vessel movements during VIP visits.

    Simple Explanation

    The Coast Guard is making a special area near Mar-A-Lago in Florida where boats can't go whenever the President or important people are visiting, to help keep everyone safe. They want to hear what people think about this plan until May 12, 2025.

  • Type:Proposed Rule
    Citation:90 FR 15419
    Reading Time:about 21 minutes

    The Federal Aviation Administration (FAA) is proposing a new airworthiness directive (AD) for certain Bombardier airplane models, including all CL-600-1A11, CL-600-2A12, and some CL-600-2B16 airplanes. This move is due to the need for stricter airworthiness limitations to enhance safety. The proposal would require updates to existing maintenance or inspection programs to incorporate these new or more restrictive limitations, aiming to address safety concerns and prevent potential issues with these aircraft. The FAA is inviting public comments on this proposal, with the deadline for comments set as May 27, 2025.

    Simple Explanation

    The FAA wants to make sure some Bombardier airplanes are extra safe, so they are asking the people who take care of these planes to follow new rules and check them more often. They are also asking people to share their thoughts about these new rules by a certain date.

  • Type:Notice
    Citation:90 FR 15449
    Reading Time:about 4 minutes

    The National Institute of Standards and Technology (NIST) is asking the public and other federal agencies for input on their information collection activities, as required by the Paperwork Reduction Act. This request focuses on gathering data related to community resilience and disaster studies, such as responses to wildfires, earthquakes, and hurricanes. Public comments are accepted until June 10, 2025, to help evaluate the utility and burden of the collection process. The goal is to improve safety and resilience against disasters in U.S. communities through voluntary participation in surveys and interviews.

    Simple Explanation

    The government wants to hear from people about how they can collect better information to help towns be safer during big storms or fires. They're asking people to share their thoughts until June 10, 2025, to make sure the questions they ask aren't too hard and keep everyone safe.