Search Results for keywords:"operational efficiency"

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Search Results: keywords:"operational efficiency"

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  • 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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    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.

  • 2024-30600 — Order Approving Public Company Accounting Oversight Board Budget and Annual Accounting Support Fee for Calendar Year 2025
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    Type:Notice
    Citation:89 FR 104594
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) has approved the Public Company Accounting Oversight Board (PCAOB) budget and annual accounting support fee for 2025, in accordance with the Sarbanes-Oxley Act. The SEC reviewed the PCAOB's proposed budget, ensuring it aligns with recoverable expenses, and emphasized the importance of operational efficiency. The PCAOB is directed to maintain regular communications with the SEC regarding any budget adjustments and to submit a reduced spending plan due to sequestration cuts. The Budget Control Act of 2011 requires sequestration of $22.8 million for 2025, slightly reducing available funds for the PCAOB.

    Simple Explanation

    The government said "yes" to a big group's (PCAOB) plan for money they need in 2025 to keep an eye on other companies’ money matters. They also asked the group to spend a little less because some extra savings need to be made.