Search Results for keywords:"securities regulations"

NYSE Arca, Inc. submitted a request to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Solana Trust. They made an amendment to their proposal, and as a result, the SEC is extending its review period due to the complexity of the issues involved. The new deadline for the SEC to make a decision on whether to approve or disapprove the proposal is set for May 13, 2025. This extension will allow the SEC additional time to consider the details of the proposed changes.

The New York Stock Exchange (NYSE) proposed changes to its fee structure for companies listing their securities, which was filed with the Securities and Exchange Commission. The initial listing fee for common shares is rising from $300,000 to $325,000, and specific annual fees per share are increasing slightly as well. Additionally, the NYSE plans to set a maximum annual fee of $100,000 for certain debt securities, citing efficiencies in managing multiple bond series from the same company. These adjustments reflect the NYSE's need to cover increased operational costs while maintaining competitive listing services.

The NYSE Arca, Inc. has proposed a rule change to the Securities and Exchange Commission to amend its Rules 7.31-E and 7.37-E. This change would provide an optional routing strategy for orders on the exchange. The proposal became effective immediately upon filing because it does not significantly affect investor protection, the public interest, or impose any substantial burden on competition. The SEC is inviting public comments on this proposal, which should be submitted by April 7, 2025.

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) filed a proposed rule change on March 10, 2025. This change aims to update and clarify the Clearing Agency Risk Management Framework by modifying review procedures and removing references to the Systemic Risk Council. The Commission invites public comments on this proposed rule change until April 9, 2025. Further details about the proposal can be found on the DTC and SEC websites.

The Fixed Income Clearing Corporation (FICC) has proposed rule changes to update its regulations concerning voluntary withdrawal provisions for certain members, specifically those who have not used its services for at least six months and with whom the FICC has had no recent contact. This proposal was submitted to the Securities and Exchange Commission (SEC) on January 13, 2025, and is considered effective immediately under specified conditions, as it does not significantly impact investor protection or competition. The SEC is now open to public comments on this amendment, and feedback can be submitted via their online platform or through mail by February 19, 2025.

The Cboe Exchange, Inc. has proposed a rule change to align its compliance rules with an exemption granted by the Securities and Exchange Commission (SEC). This exemption pertains to how industry members report allocation details when shares or contracts are distributed into different accounts. The updated rule will simplify reporting requirements for industry members who manage these allocations without impacting the regulatory utility of the reported data. The intent is to reduce burdens and costs for brokers by having the entity with the necessary information submit the allocation report.

Cboe Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase the fee for their Cboe Legacy Silexx Basic platform. The proposal has been filed for immediate effectiveness, meaning it can take effect without the usual delay. The SEC is inviting public comments on this proposal and has provided instructions on how to submit feedback. All comments must be submitted by March 11, 2025.

The Securities and Exchange Commission has announced that MIAX Emerald, LLC has made changes to its Fee Schedule. The proposed changes involve updating the Exchange's email domain to @miaxglobal.com and removing outdated references to mini-options, which are no longer offered due to lack of market acceptance. These changes were filed to provide greater clarity and do not impose any new fees. The SEC has waived the usual 30-day waiting period, allowing these updates to take effect immediately.

The Texas Stock Exchange LLC (TXSE) has filed for registration as a national securities exchange with the Securities and Exchange Commission (SEC). The application, submitted in January 2025 and amended in April 2025, includes details on how TXSE plans to meet legal requirements. TXSE aims to offer an automated trading system with a simple order structure and no physical trading floor. The SEC is inviting public comments on this application before making a decision.