Search Results for citation:"90 FR 8060"

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Search Results: citation:"90 FR 8060"

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  • 2025-01553 — Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
    Type:Notice
    Citation:90 FR 8060
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has received a proposed rule change from Nasdaq MRX, LLC to introduce fees for Industry Members associated with the Consolidated Audit Trail (CAT) costs for 2025. This change is designed for immediate effectiveness, and the SEC is inviting public comments on whether the change aligns with the Securities Exchange Act. Comments can be submitted electronically or by mail until February 13, 2025. The proposal and supporting documents are available for public viewing on the SEC and Nasdaq websites.

    Simple Explanation

    In a new rule, Nasdaq MRX is going to charge companies fees to help pay for a special system that tracks all the trading happening in the stock market. People can tell the government what they think about this rule until February 13, 2025.

  • 2025-01546 — Self-Regulatory Organizations; LCH SA; Order Granting Approval of Proposed Rule Change by LCH SA Relating to Dealer Status
    Type:Notice
    Citation:90 FR 8060
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) has approved a proposed rule change by LCH SA to amend its CDS Clearing Rule Book and Procedures. This change allows affiliates of Clearing Members to become CDS Dealers, enabling them to submit transactions on behalf of their affiliated Clearing Members. The rule aims to expand trading options for Clearing Members and streamline the clearing process by reducing the need for separate client onboarding for affiliate trades. It establishes clear criteria and a formal application process for affiliates seeking CDS Dealer status to ensure they meet necessary qualifications.

    Simple Explanation

    The SEC has agreed to let LCH SA allow special family members (called affiliates) of their main playing members (Clearing Members) to also play in the game of swapping something valuable (CDS). This makes it easier and faster for them to team up and play, without each new player needing a long sign-up process.