Search Results for keywords:"Rule change"

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Search Results: keywords:"Rule change"

  • Type:Notice
    Citation:90 FR 17093
    Reading Time:about 12 minutes

    The Miami International Securities Exchange, LLC (MIAX) has proposed a change to its billing rules. This change would allow MIAX members, with approval, to use alternative payment instructions to pay fees owed to MIAX instead of the standard method involving a Clearing Member's account at the Clearing Corporation. This proposal is designed to give members more flexibility in their payment arrangements and is intended not to affect competition or public interest. The Securities and Exchange Commission (SEC) is inviting public comments on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange wants to let its members pay their bills in different ways, instead of just using one bank account, so it's easier for everyone and fair. The Securities and Exchange Commission is asking people to share their thoughts on this idea.

  • Type:Rule
    Citation:90 FR 248
    Reading Time:about 4 minutes

    The Postal Service has introduced changes to the international Return Receipt service, which affects the Mailing Standards of the United States Postal Service, International Mail Manual (IMM). Starting January 1, 2025, the service will no longer be available for Priority Mail International and First-Class Package International Service, but it will still be offered when paired with registered letters or flats for First-Class Mail International. These changes are part of a larger effort to update mailing regulations and are documented in the Federal Register under document number 2024-31517.

    Simple Explanation

    The Postal Service decided that from January 2025, you can't get a "return receipt," which is like getting a postcard back to tell you your package was delivered, for some kinds of international mail packages, but you can still do this with special registered letters.

  • Type:Notice
    Citation:90 FR 17987
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market to allow the listing and trading of shares of the Grayscale Polkadot Trust on Nasdaq under a specific rule for commodity-based trust shares. The original deadline for the SEC to make a decision was April 27, 2025, but they have extended it to June 11, 2025, to allow more time to review the proposal and the issues it might raise. This extension ensures that the SEC can carefully evaluate whether to approve, disapprove, or gather further information on the proposed change.

    Simple Explanation

    The SEC is taking more time to decide if a new type of stock related to Polkadot, a type of digital currency, can be bought and sold on the Nasdaq. They will make their decision by June 11, 2025, because they want to make sure everything is in order before saying yes or no.

  • Type:Notice
    Citation:86 FR 7317
    Reading Time:about 13 minutes

    The Options Clearing Corporation (OCC) proposed a rule change to adjust their rules in alignment with recent updates to Part 39 of the Commodity Futures Trading Commission (CFTC) regulations. These changes include amendments to OCC Rule 602, addressing customer-level margin requirements, and OCC Rule 1103, concerning the suspension of clearing members. The revisions aim to make margin requirements commensurate with the risk of each customer account and incorporate an exception for futures commission merchants that meet certain CFTC conditions. These rules were filed with the Securities and Exchange Commission and became effective immediately to ensure compliance by the January 27, 2021 deadline.

    Simple Explanation

    The Options Clearing Corporation (OCC) made some changes to their rules to match new government rules about trading. These changes help make sure that the way they handle money and risks for different people who trade with them is fair and safe, and these new rules had to be in place by January 27, 2021.