Search Results for keywords:"compliance period"

The Securities and Exchange Commission (SEC) has disapproved a proposed rule change submitted by the Cboe BZX Exchange, Inc., which aimed to extend the time allowed for certain exchange-traded products (ETPs) to meet minimum listing requirements. The Exchange wanted to increase the compliance period from 12 to 36 months for ETPs to have a minimum of 50 beneficial holders, arguing it aligns better with the ETP lifecycle and current market conditions. However, the SEC found that the Exchange did not provide enough evidence to ensure this change would protect against market manipulation and protect investors. Despite receiving some support from commenters, the proposal was deemed inconsistent with the necessary regulatory requirements.

The Alcohol and Tobacco Tax and Trade Bureau (TTB) is proposing a rule that would require alcohol beverage labels to disclose the presence of major food allergens such as milk, eggs, fish, shellfish, tree nuts, wheat, peanuts, soybeans, and sesame. This initiative aims to give consumers who are allergic to these foods essential information to make informed choices about alcohol consumption. The proposal is part of a broader push to standardize labeling with other food products, and TTB is considering an extended compliance period to reduce the impact on the industry, particularly small businesses. Comments on the proposal are being sought until April 17, 2025.