Search Results for keywords:"Financial Regulations"

Found 3 results

Search Results: keywords:"Financial Regulations"

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  • 2024-28109 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rules 3120 (Position Limits) and 5020 (Criteria for Underlying Securities) To Permit Options Trading on Bitcoin Funds
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    Type:Notice
    Citation:89 FR 95339
    Reading Time:about 36 minutes

    The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC filed a proposed rule change to allow options trading on Bitcoin Funds, including the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This proposal, effective immediately, aligns with a similar rule change recently approved for another exchange, NYSE American. The BOX Exchange argues that offering Bitcoin Fund options will provide investors with cost-efficient investment tools and improved market transparency. The regulatory filing outlines the rules and safeguards, including position limits and surveillance measures, to ensure fair and transparent trading.

    Simple Explanation

    The document says that a group called the SEC is allowing a place where people buy and sell things, called the BOX Exchange, to let people trade special kinds of bets called options on something like imaginary coins called Bitcoin. This, they say, is to help people have new ways to invest their money.

  • 2021-03093 — Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
    Type:Notice
    Citation:86 FR 9939
    Reading Time:about 4 minutes

    The Board of Governors of the Federal Reserve System has decided to extend for three more years, without any changes, the recordkeeping, disclosure, and reporting rules related to securities transactions under Regulation H. These rules apply to state member banks (SMBs) and are designed to ensure they keep proper records, provide necessary transaction confirmations to customers, and establish policies for securities trading. The rules are carried out under sections 208.34(c), (d), and (g) of the regulation and are required by the Securities Exchange Act of 1934. The extension was announced without any public comments received on a notice issued in October 2020.

    Simple Explanation

    The people in charge of big money banks decided to keep some important rules the same for three more years. These rules help the banks remember to write down what they do with the money, tell people about it, and make sure they're following important money laws.

  • 2025-01995 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend FLEX Floor Trading
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    Type:Notice
    Citation:90 FR 8726
    Reading Time:about 11 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by Nasdaq PHLX LLC related to FLEX Options trading on their Exchange. This proposed change involves amendments to the trading rules, including the clarification of functionality, the listing of certain options types, and adjustments to settlement processes. The SEC has not yet reached a decision and is inviting public commentary to help assess the consistency of these changes with financial regulations. Interested parties can submit their views or concerns by February 21, 2025, with rebuttal comments due by March 7, 2025.

    Simple Explanation

    The SEC is thinking about allowing some changes to how a big stock market trades special types of options, but they want people to tell them what they think about these changes before they decide.