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2025-01621 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change To Modify the Application of the Minimum Bid Price Compliance Periods and the Delisting Appeals Process for Bid Price Non-Compliance in Listing Rules 5810 and 5815 Under Certain Circumstances
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January 23, 2025
Type:Notice
Citation:90 FR 8081
Reading Time:about 38 minutes
The Securities and Exchange Commission (SEC) has approved rule changes proposed by Nasdaq to enhance the enforcement of listing standards for companies trading on its exchange. The approved changes involve the suspension of trading for companies that have not met the minimum bid price requirement after a second compliance period, even if they appeal the decision. Additionally, Nasdaq will not allow a compliance period for companies that fail to meet the bid price requirement within one year of a reverse stock split. These changes are intended to protect investors by reducing the risk of manipulation and ensuring the integrity of the stock market, particularly by addressing issues with companies that repeatedly fail to meet listing standards.
Simple Explanation
Nasdaq has made a new rule that says if a company's stock price is too low for too long, the company can't trade its stock on the exchange anymore. This rule helps make sure everything is fair and keeps the stock market honest and safe for everyone.
2024-29474 — Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to ICC's Treasury Operations Policies and Procedures
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December 16, 2024
Type:Notice
Citation:89 FR 101666
Reading Time:about 39 minutes
The Securities and Exchange Commission (SEC) approved changes proposed by ICE Clear Credit LLC (ICC) to its Treasury Operations Policies and Procedures. These changes aim to improve the clarity and accuracy of the Treasury Policy by adding details, correcting errors, and aligning it with current practices. Key revisions include new criteria for settlement banks to provide liquidity information and updates to investment guidelines for better flexibility and security. These amendments are designed to enhance the efficiency and safeguarding of financial transactions handled by ICC.
Simple Explanation
ICE Clear Credit LLC made some updates to their rules on how they handle money and investments, and the people in charge of checking these rules said, "Okay, go ahead!"
2024-28257 — Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change, as Modified by Partial Amendment No. 1, by The Options Clearing Corporation Concerning Its Stock Loan Programs
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December 03, 2024
Type:Notice
Citation:89 FR 95878
Reading Time:about 74 minutes
The Securities and Exchange Commission (SEC) has approved a rule change for the Options Clearing Corporation's (OCC) stock loan programs. This change merges OCC's Hedge Program and Market Loan Program into a single, more efficient program. The update aims to simplify the loan process, enhance record-keeping, and expand accessibility for Canadian clearing members while also aligning practices with industry standards. The reform is expected to reduce operational burdens and improve overall effectiveness in managing stock loan transactions.
Simple Explanation
The OCC is combining two of its stock loan programs into one to make it easier and clearer for people to manage loans of stocks so Canadian members can join in more easily. The new setup will help save time and reduce the hassle of keeping track of stock loans.
2025-04165 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale XRP Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
March 17, 2025
Type:Notice
Citation:90 FR 12408
Reading Time:about 2 minutes
On January 30, 2025, NYSE Arca, Inc. proposed a rule change with the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale XRP Trust. They later modified this proposal with an amendment on February 10, 2025. The SEC needed more time to consider this proposed change and decided to extend the deadline for their decision to either approve or reject it until May 21, 2025. This extension allows the SEC to thoroughly evaluate the proposal and any related concerns.
Simple Explanation
NYSE Arca wants to have a new type of stock related to XRP, and the SEC (which is like the rule-checkers for stocks) needs more time to decide if that's okay, so they will think about it until May 21, 2025. This extra time helps them make sure everything is safe and fair.

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