Search Results for citation:"90 FR 9259"

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Search Results: citation:"90 FR 9259"

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  • 2025-02385 — Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delay the Implementation of the New Options Regulatory Fee (ORF) and ORF Methodology Proposed in SR-MRX-2024-45
    Type:Notice
    Citation:90 FR 9259
    Reading Time:about 3 minutes

    Nasdaq MRX, LLC has proposed a rule change to the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology until June 1, 2025, with a planned end date of December 1, 2025. This decision is intended to allow more time for the adjustments spotlighted in the earlier proposal SR-MRX-2024-45. The Commission is inviting public comments on this proposal, and submissions should reference file number SR-MRX-2025-05. Comments should be submitted by March 3, 2025, through the SEC's website or by email, and will be made publicly available online.

    Simple Explanation

    Nasdaq MRX wants to wait a little longer before changing a fee for options to make sure everything is ready, so they're asking the SEC if they can delay this change until June 2025. They're also inviting people to give their thoughts and ideas about this delay by sending in comments before March 3, 2025.

  • 2025-02386 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change To Amend Equity 4 To Establish Halt Cross Price Protections and Make Other Related Changes
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    Type:Notice
    Citation:90 FR 9259
    Reading Time:about 45 minutes

    The Securities and Exchange Commission has approved a proposed rule change by The Nasdaq Stock Market LLC to improve its rules around trading halts and reopenings. This change introduces new price protections for when trading resumes after a halt, designed to ensure that stock prices do not deviate aggressively before trading starts again. The approved changes will incorporate a process to ensure price stability and transparency, helping improve the overall efficiency of trading and better protect investors. Additional adjustments include the removal and clarification of certain terms and references to enhance understanding and compliance.

    Simple Explanation

    When a game of musical chairs stops, everyone waits for one person to say "go" again. Nasdaq wants to make sure that when the game resumes, everyone knows the rules and nobody moves too fast, keeping things fair and clear for everyone playing.