Search Results for keywords:"Amendment No. 3"

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Search Results: keywords:"Amendment No. 3"

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  • 2024-28599 — Pennsylvania; Amendment No. 3 to Notice of a Major Disaster Declaration
    Type:Notice
    Citation:89 FR 97033
    Reading Time:about a minute or two

    The Federal Emergency Management Agency (FEMA) has issued an amendment to a major disaster declaration for Pennsylvania, originally declared on September 11, 2024. This amendment adds Union County to the list of areas severely impacted by the disaster, making it eligible for public assistance. The amendment details various federal programs, such as community disaster loans and fire management assistance, that are available to aid the impacted areas. This update was officially issued on November 14, 2024.

    Simple Explanation

    FEMA updated a big help plan for Pennsylvania because something bad happened there, and now it includes Union County too, so they can get help to fix things.

  • 2025-01412 — Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Amendment No. 3 to Proposed Rule Change by The Options Clearing Corporation To Establish a Margin Add-On Charge That Would Be Applied to All Clearing Member Accounts To Help Mitigate the Risks Arising From Intraday and Overnight Trading Activity
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    Type:Notice
    Citation:90 FR 7722
    Reading Time:about 47 minutes

    The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by The Options Clearing Corporation (OCC) to manage risks from intraday and overnight trading activity. This amendment, known as Amendment No. 3, introduces a new Intraday Risk Charge aimed at mitigating risks associated with rapidly fluctuating intraday trading volumes, particularly "zero-days-to-expiration" options. The rule aims to ensure that OCC's current risk management practices cover such trading activities and includes monitoring thresholds for issuing margin calls. The changes are designed to align with recent SEC rules and industry feedback, with implementation planned for September 2025. The SEC is seeking public comments on these proposed changes.

    Simple Explanation

    The SEC is thinking about adding a new rule to help keep track of fast-moving trading that happens during the day and at night, like with special kinds of options called "zero-days-to-expiration" options, so they can make sure everyone plays by the rules and keeps things fair. They're asking people what they think about this new idea before they decide what to do in September 2025.