Search Results for citation:"90 FR 12374"

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Search Results: citation:"90 FR 12374"

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  • 2025-04184 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the 21Shares Core Solana ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
    Type:Notice
    Citation:90 FR 12374
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has extended the time period to make a decision on a proposed rule change filed by Cboe BZX Exchange, Inc. This proposal involves the listing and trading of shares for the 21Shares Core Solana ETF under specific exchange rules. Initially set for a decision by April 4, 2025, the SEC believes more time is needed to consider the details and implications, so they have extended the decision deadline to May 19, 2025. This allows the SEC additional time to evaluate whether to approve, disapprove, or begin further proceedings regarding the rule change.

    Simple Explanation

    The SEC needs more time to decide if a special rule to let people buy and sell shares of a company that invests in Solana, a kind of digital money, should be allowed. They've pushed back their decision date from April to May so they can think about it more.

  • 2025-04233 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rules 7.31E and 7.37E
    Type:Notice
    Citation:90 FR 12374
    Reading Time:about 4 minutes

    On March 5, 2025, the NYSE American LLC filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its rules for an optional routing strategy for certain order types. This change became effective immediately because it doesn't significantly impact investor protection or competition and the SEC agreed to waive the usual 30-day waiting period. The public can submit comments on this proposed rule change until April 7, 2025, and the SEC may suspend the change within 60 days if deemed necessary. All related documents can be accessed on the SEC's website.

    Simple Explanation

    The NYSE American wants to make a small change to how some stock orders are handled, and they did it quickly so it could start right away. People can share their thoughts about it until early April, and if needed, the change might be stopped later.