Search Results for citation:"86 FR 8061"

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Search Results: citation:"86 FR 8061"

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  • 2021-02187 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's CAT Compliance Rule To Be Consistent With a Conditional Exemption Granted by the SEC From Certain Allocation Reporting Requirements
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    Type:Notice
    Citation:86 FR 8061
    Reading Time:about 30 minutes

    The Securities and Exchange Commission (SEC) has published a notice about a proposed rule change by Cboe EDGA Exchange, Inc., intended to align their compliance rule regarding the Consolidated Audit Trail (CAT) with an exemption granted by the SEC. This rule change focuses on the reporting of allocation processes, where brokers perform allocations to client accounts, and the conditions under which certain brokers are exempt from this requirement. The new rules aim to reduce the reporting burden on brokers and streamline the process by making sure only brokers who have sufficient information report these allocations. Additionally, the exchange plans to add more details to allocation reports, like trade and settlement dates, to ensure comprehensive reporting that aids in regulatory oversight.

    Simple Explanation

    Cboe EDGA Exchange wants to change some of their rules to match a special rule from people who make sure trading is fair (like the SEC). They're trying to make it easier for people who help trade stocks to do less paperwork, but still keep everyone informed about what's happening with trades.

  • 2021-02373 — Sunshine Act Meetings
    Type:Notice
    Citation:86 FR 8061
    Reading Time:about a minute or two

    The Securities and Exchange Commission will hold closed meetings every Tuesday in February 2021 at 5:00 p.m. These meetings will occur remotely or at the Commission's headquarters in Washington, DC. Attendees will include Commissioners, their Counsel, the Secretary, recording secretaries, and possibly other interested staff members. Discussions will cover examinations, enforcement proceedings, and may also change depending on the Commission's priorities. If there are any changes to the meeting details, updates will be posted on the SEC's website.

    Simple Explanation

    The Securities and Exchange Commission is having special secret meetings every Tuesday in February where grown-ups talk about important stuff like checking things out and making sure rules are followed. Sometimes they meet on the computer and sometimes in a building in Washington, DC, but they don't give a lot of details because it's a secret.