Search Results for agency_names:"Securities and Exchange Commission"

Cboe BYX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission on December 20, 2024, establishing new fees related to the Consolidated Audit Trail for 2025. The Exchange aims to set the CAT Fee 2025-1 at $0.000022 per executed equivalent share. The SEC is inviting public comments on this proposed rule change, with submissions due by January 27, 2025. Interested parties can submit their opinions through the SEC’s website or by email, using the specified file number for reference.

The Securities and Exchange Commission (SEC) is proposing a new exemptive order that would allow broker-dealers to publish quotations for certain securities without meeting existing information review and recordkeeping requirements. This proposal aims to create an "expert market" for sophisticated investors, such as institutional buyers and accredited investors, who can assess investment risks without public information. The order suggests that only these sophisticated investors have access to the market, and it sets out conditions to ensure the quotes remain out of reach for the general public, thus protecting less savvy investors from potential fraud. The SEC is seeking feedback on this proposed change, inviting comments until February 11, 2021.

The Securities and Exchange Commission has announced that BOX Exchange LLC filed a rule change regarding its fee schedule for the BOX Options Market. This change, effective January 4, 2021, revises fees and introduces new credits for different types of trades, such as PIP, COPIP, Facilitation, and Solicitation transactions. The alterations aim to simplify the fee schedule, reduce confusion, and encourage more trading activity on BOX Options by offering financial incentives for specific order types. Comments from the public are welcomed until February 16, 2021.

Nasdaq PHLX LLC (Phlx) filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow orders from market makers to be solicited for PIXL auctions in Nasdaq-100 Micro Index (XND) Options. This proposal was initially published for public comment on November 6, 2024, but the SEC received no comments. On December 20, 2024, Phlx decided to withdraw this proposed rule change. The notice of withdrawal was issued by the SEC's Division of Trading and Markets, with Secretary Vanessa A. Countryman providing the notice under delegated authority.

The Securities and Exchange Commission (SEC) has announced a notice regarding an application submitted by Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC. This application seeks an exemption from certain requirements under the Investment Company Act of 1940, which would allow the applicants to modify agreements with subadvisers without needing shareholder approval. Additionally, the exemption would provide relief from some disclosure rules related to the fees paid to these subadvisers. Interested individuals can request a hearing on this matter by March 3, 2025.

Cboe BYX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to amend Rule 2.8, which deals with a member's voluntary termination of rights. This rule change requires members who wish to give up their rights to notify the Exchange by a certain deadline using a specified method. The SEC is asking for public comments on this proposed change, and submissions should be filed by March 31, 2025. All comment submissions will be available for public viewing on the SEC's website.

The Options Clearing Corporation (OCC) is proposing changes to its rules and policies to introduce a persistent minimum amount of its own financial resources, known as "skin-in-the-game," to be used in covering losses if any member defaults. The OCC's new proposal aims to ensure this minimum amount is always available before tapping into members' clearing fund contributions. This effort is part of their broader plan to enhance financial stability and align their operations with global standards. Additionally, the changes are intended to improve risk management processes and ensure the OCC meets its regulatory obligations.

The Securities and Exchange Commission published a notice about a proposed rule change filed by MIAX PEARL, LLC regarding its fee schedule. The exchange wants to update its email domain and remove references to mini-options, which are not available anymore. The Commission allowed the changes to take effect immediately upon filing because they do not impact investor protection or public interest, thus avoiding any significant burdens on competition. Interested parties are encouraged to submit their comments on the proposal by using the SEC's website or email.

The Securities and Exchange Commission (SEC) is seeking public comments on a proposed extension of a rule that allows broker-dealers to provide monthly transaction information to certain money market fund investors instead of immediate confirmations. This exemption from Exchange Act Rule 10b-10(a) applies if no sales load or redemption fee is charged and if investors are informed of their option to request immediate confirmations but choose not to. The SEC estimates that around 206 broker-dealers would be impacted and encourages feedback on whether this information collection is necessary, how to improve it, and ways to reduce its burden. Comments are due by January 31, 2025.

The Long-Term Stock Exchange, Inc. (LTSE) has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule by introducing new fees for its proprietary market data feeds, including Depth of Book, Top of Book, and Last Sale. This proposed rule change is intended to take effect immediately from February 14, 2025. The SEC is inviting public comments on this proposal until March 26, 2025, and comments can be submitted electronically or by mail. The submitted comments will be publicly available on the SEC’s website unless they contain obscene or copyrighted material.