Search Results for keywords:"regulatory changes"

The Securities and Exchange Commission (SEC) has announced that Nasdaq MRX, LLC, is planning to stop offering two specific types of trading orders: Qualified Contingent Cross (QCC) with Stock Orders and Complex QCC with Stock Orders. These orders were used by members to automatically handle the stock portion of certain complex trades. However, these functionalities were never actually used, so Nasdaq MRX will remove them, allowing members to still conduct similar trades but with the responsibility of handling the stock part themselves. The change is expected to take effect by February 15, 2025, and the SEC has fast-tracked the approval process to support Nasdaq MRX's efficient operation.

The National Marine Fisheries Service (NMFS) is proposing changes to the Pacific Halibut Catch Sharing Plan for the waters off Washington, Oregon, and California. These changes include adjustments to recreational fishery seasons and allocations for 2025. New measures are also proposed to transfer unused fishing quotas from Northern California to areas south of Point Arena to help maintain opportunities for anglers. The public is invited to provide comments on these proposed rules by January 27, 2025.

The Environmental Protection Agency (EPA) has approved changes to Colorado's State Implementation Plan (SIP) regulations, which were submitted after the EPA identified issues in the state’s handling of extra emissions during startup, shutdown, and malfunction events. These changes remove certain provisions from the SIP, making them state-only, and align with federal requirements under the Clean Air Act. While the action aims to improve air quality, it does not require an environmental justice analysis. The rule takes effect on January 27, 2025.

The Nasdaq Stock Market LLC is proposing to change the credits they offer for certain stock transactions. Currently, there's a credit of $0.0030 per share for members providing substantial liquidity, but Nasdaq wants to add a new, slightly lower credit of $0.00295 per share for members meeting less strict volume requirements. This is meant to encourage more trading activity and improve the quality of the market by providing incentives for adding liquidity, especially in securities not listed on Nasdaq or NYSE. The changes are designed to be competitive and fair, with the understanding that participants dissatisfied with the credits can choose to trade elsewhere.

The Office of Refugee Resettlement (ORR) is seeking public comments on changes to an approved information collection related to the Unaccompanied Alien Children (UAC) Program. These changes include updates to several forms to improve compliance monitoring and administrative tasks. Two new instruments will be added to the collection, while one existing instrument will be removed. The public has 60 days to submit comments on whether these updates are necessary, accurate, and useful.

The Federal Trade Commission (FTC) published a supplemental notice requesting public comments on proposed changes to a rule that prohibits impersonating government and business entities. This notice included the option for interested parties to voice their opinions at an informal hearing, which focuses on whether to broaden the rule to also ban the impersonation of individuals. Nine organizations have been given the opportunity to present their statements at the upcoming hearing on January 17, 2025. The FTC has chosen not to move forward with a proposal that would hold parties accountable if their goods or services are used in impersonation schemes.

The Department of Housing and Urban Development (HUD) has issued a correction to a final rule about Manufactured Home Construction and Safety Standards, originally published on January 12, 2021. The correction addresses two errors: one involving an amendatory instruction for regulatory changes that incorrectly referred to a non-existent paragraph, and another in the text of the regulation itself where paragraph references were mistakenly listed. HUD clarified these points to ensure the regulations are correctly understood and applied.

The Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, Inc. has submitted a proposed change to its fee schedule. The changes would modify footnote 14 to include fee code AN and allow Lead Market Makers to have free continuous book executions during the Opening and Closing Auctions. Individuals are invited to submit comments on this proposed rule change, which is available for review on both the Cboe and SEC websites. The deadline for submitting comments is March 19, 2025.

The Federal Energy Regulatory Commission (FERC) has proposed changes to improve the operations of the Electric Reliability Organization (ERO), which oversees the reliability of the Bulk Power System. Under the new proposal, the ERO would need to submit performance assessments every three years instead of every five years, ensuring more timely reviews. FERC also suggests including more detailed discussions in these assessments and setting up a formal public comment period for stakeholders to provide suggestions. These changes aim to enhance the effectiveness of the ERO and adapt to the rapid changes in the electric industry.

The Department of Housing and Urban Development (HUD) has issued a final rule that permits mortgage companies to disburse up to 1% of a mortgage amount before using all of the funds provided by the borrower. This rule is meant to simplify the process of combining mortgages into mortgage-backed securities and help ensure interest rates for FHA-insured mortgages remain competitive. Public comments suggested more flexibility in disbursement limits, but HUD maintained the 1% limit to manage risks effectively. This final rule also makes minor organizational changes to existing regulations.