Search Results for keywords:"Qualifying Firms"

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Search Results: keywords:"Qualifying Firms"

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  • 2020-29285 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
    Type:Notice
    Citation:86 FR 657
    Reading Time:about 12 minutes

    The NYSE Arca proposed a change to their fee schedule, seeking to extend the waiver of certain fees for businesses unable to resume full operations due to COVID-19. These waivers apply to fixed fees related to Floor operations, benefiting firms that haven't reached pre-pandemic levels of activity. The goal of the waiver is to ease the financial burden on affected businesses as they adjust their operations. The Securities and Exchange Commission is inviting public comments on this proposed rule change, which went into effect on January 1, 2021, and may be suspended within 60 days if the Commission finds it necessary for investor protection or public interest.

    Simple Explanation

    NYSE Arca wants to help some businesses by not charging them certain fees because they are still recovering from COVID-19, but it's not clear how they pick these businesses to help and why. The government is asking people to say what they think about this change, and they might stop the changes if they don't think it's good for everyone.

  • 2020-29222 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Modify the NYSE American Options Fee Schedule
    Type:Notice
    Citation:86 FR 641
    Reading Time:about 12 minutes

    The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.

    Simple Explanation

    The NYSE American is giving some businesses a break by not charging them certain fees while they try to get back to normal after COVID-19. This means these businesses won't have to pay as much money each month to keep going.