Search Results for keywords:"SEC"

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Search Results: keywords:"SEC"

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  • 2021-04092 — Order Granting Application by Cboe C2 Exchange, Inc. for Exemption Pursuant to Section 36(a) of the Exchange Act From the Rule Filing Requirements of Section 19(b) of the Exchange Act With Respect to Certain Rules Incorporated by Reference
    Type:Notice
    Citation:86 FR 12052
    Reading Time:about 9 minutes

    Cboe C2 Exchange, Inc. applied for an exemption from certain rule filing requirements of the Securities Exchange Act, allowing them to incorporate rules from the Cboe Exchange, Inc. without filing separate changes. This would help maintain consistency between Cboe C2 rules and Cboe rules, ensuring that members trading on both exchanges follow the same standards. The Securities and Exchange Commission (SEC) granted this exemption, provided that Cboe C2 notifies its members about any changes to the Cboe rules. The SEC believes this approach will save time and resources and protect investors by avoiding conflicting regulations.

    Simple Explanation

    Cboe C2 Exchange asked if they could use rules from another exchange without having to make new ones, and the SEC said yes, as long as they tell their members about any changes. This way, both exchanges can use the same rules, making things easier and avoiding confusion.

  • 2025-02700 — Public Company Accounting Oversight Board; Notice of Withdrawal of Proposed Rules on Firm Reporting and Firm and Engagement Metrics and Related Amendments to PCAOB Standards
    Type:Notice
    Citation:90 FR 9746
    Reading Time:about 2 minutes

    The Public Company Accounting Oversight Board (PCAOB) had filed proposed rules on Firm Reporting and Firm and Engagement Metrics with the Securities and Exchange Commission (SEC). These proposals were initially published in the Federal Register for public comment in December 2024. However, on February 11, 2025, the PCAOB decided to withdraw these proposed rules before the SEC made a final decision on them. The withdrawal means that the rules will not be adopted or enforced.

    Simple Explanation

    The PCAOB wanted to make new rules about how accounting companies report information, but then decided not to go ahead with these rules before anyone could say "yes" or "no" to them. Now, these rules won't be used or become a part of the law.

  • 2021-00815 — Self-Regulatory Organizations; The Depository Trust Company; Order Approving a Proposed Rule Change To Allow for the Deposit of Electronic Certificates of Deposit and Technical Changes
    Type:Notice
    Citation:86 FR 4151
    Reading Time:about 20 minutes

    The Securities and Exchange Commission (SEC) has approved changes proposed by The Depository Trust Company (DTC) to introduce an electronic system for managing Certificates of Deposit (CDs) issued by banks. This new system allows CDs to be generated, executed, and stored electronically in a secure digital vault, reducing the need for physical certificates and associated operational concerns like transport disruptions. The approved rule aims to improve efficiency by streamlining the process, enhancing legal clarity, and reducing risks associated with physical handling. Additionally, the DTC plans to make technical updates, such as clarifying terminology and updating obsolete system references.

    Simple Explanation

    The SEC has said it's okay for a company that helps keep track of money stuff to use computers instead of paper to handle special savings papers from banks, making it easier and safer. But some people are a bit worried because it's not clear how much it will cost, who will make money from it, and there are some tricky words that people might not understand.

  • 2021-02009 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend Nasdaq Rule 5704
    Type:Notice
    Citation:86 FR 7750
    Reading Time:about 2 minutes

    In July 2020, The Nasdaq Stock Market filed a proposed rule change with the Securities and Exchange Commission (SEC) to adjust listing requirements for maintaining a minimum number of beneficial holders and shares outstanding. The SEC initially had until February 3, 2021, to decide whether to approve or disapprove the change, but extended the deadline to April 4, 2021, to allow for a thorough review. This extension ensures the SEC has enough time to consider comments and make an informed decision about the proposal.

    Simple Explanation

    Nasdaq wanted to change some rules about how many people need to own a stock for it to stay listed, but the people in charge needed more time to think about it, so they're taking a little longer to decide.

  • 2021-02961 — Sunshine Act Meeting; Cancellation
    Type:Notice
    Citation:86 FR 9116
    Reading Time:less than a minute

    The Securities and Exchange Commission had announced a closed meeting that was supposed to happen on Tuesday, February 9, 2021, at 5:00 p.m., as previously published in the Federal Register. However, this meeting has been cancelled. For any further information, Vanessa A. Countryman from the Office of the Secretary can be contacted at (202) 551-5400.

    Simple Explanation

    The Securities and Exchange Commission was going to have a secret meeting, but they decided not to have it anymore. If anyone wants to know more about why they canceled it, they can call Vanessa at (202) 551-5400.

  • 2021-02862 — Proposed Collection; Comment Request
    Type:Notice
    Citation:86 FR 9413
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is requesting public comments on a proposed extension of the information collection related to Form 3, which is used by insiders of public companies. This form is a statement of beneficial ownership of securities, filed annually by approximately 21,968 insiders, each taking about 0.5 hours to complete. The SEC is seeking feedback on the necessity and usefulness of this information collection, the accuracy of their burden estimates, and suggestions to improve or reduce the burden of the data collection. Comments are invited within 60 days of the publication, and they can be submitted to the SEC's Chief Information Officer.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to know what people think about a form that company insiders, like bosses, have to fill out to show what stocks they own. They want feedback on if this form is useful or too hard to fill out, and people have 60 days to send their thoughts to help make the form better.

  • 2025-03804 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Section 102.01 of the NYSE Listed Company Manual To Provide That the Stockholder Requirements Set Forth Therein Will Be Calculated on a Worldwide Basis When Listing a Company From Outside North America That Is Listing in Connection With Its Initial Public Offering and Is Not Listed on Any Other Regulated Stock Exchange
    Type:Notice
    Citation:90 FR 11760
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced an extension for determining whether to approve a rule change proposed by the New York Stock Exchange (NYSE). The rule change involves calculating distribution standards on a worldwide basis for certain companies listing on the NYSE. The original deadline for the decision was March 9, 2025, but the SEC has extended this by 60 days to May 8, 2025, to allow more time for consideration. The SEC has not yet received any public comments on this proposed rule change.

    Simple Explanation

    The U.S. Securities and Exchange Commission (SEC) needs more time to decide on a new rule from the New York Stock Exchange (NYSE). This rule is about how they count the number of people who own shares in a company from outside North America. The SEC has given itself until May 8, 2025, to make this decision.

  • 2024-29145 — Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Article 3
    Type:Notice
    Citation:89 FR 100562
    Reading Time:about 16 minutes

    The Securities and Exchange Commission has announced that the NYSE Chicago, Inc. filed a proposed change to its rules on December 3, 2024. This change aims to clarify how a broker-dealer can become or stay a member of the Exchange even if they have a statutory disqualification. The proposed amendments align NYSE Chicago's rules with those of other exchanges and SEC regulations, focusing on maintaining fairness and investor protection while allowing organizations time to seek resolution for disqualifications. The change will become effective without a 30-day waiting period, as the SEC considers it necessary for an ongoing urgent situation involving a firm currently seeking relief from such a disqualification.

    Simple Explanation

    The NYSE Chicago wants to change its rules so that a broker can stay if they break the rules, but only if they are trying to fix things quickly. The Securities and Exchange Commission (SEC) thinks this is super important, so they're letting it happen right away without waiting.

  • 2025-02985 — Submission for OMB Review; Comment Request; Extension: Form ID-Application for EDGAR Access
    Type:Notice
    Citation:90 FR 10524
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is seeking an extension on the approval for collecting information via Form ID, as required by the Paperwork Reduction Act of 1995. Individuals and companies use Form ID to gain access to file on the SEC's EDGAR system, which is crucial for making certain disclosures under federal securities laws. Each year, about 73,600 Form ID submissions are expected, with each taking about 0.6 hours to complete, resulting in a total of 44,160 hours of effort annually. The public can review and comment on this information collection request through the provided online link or via email by March 27, 2025.

    Simple Explanation

    The SEC wants to keep using a form that helps people and companies do important paperwork online, and they need people to share their opinions about this by March 27, 2025.

  • 2025-02945 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Bitwise XRP ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
    💰
    Type:Notice
    Citation:90 FR 10525
    Reading Time:about 50 minutes

    The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

    Simple Explanation

    The SEC is looking at a new plan where a company wants to make a special trading fund that works like a basket to hold a digital money called XRP. This plan is meant to let people trade XRP in a safer and more controlled way, and they want to make sure no one cheats or lies.

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