Search Results for keywords:"SEC rules"

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Search Results: keywords:"SEC rules"

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  • 2025-02162 — Order Granting Registration of Security-Based Swap Execution Facilities
    Type:Notice
    Citation:90 FR 8946
    Reading Time:about 8 minutes

    The Securities and Exchange Commission (SEC) has approved the registration applications of eight entities to operate as Security-Based Swap Execution Facilities (SBSEFs). This decision allows these platforms to facilitate the trading of security-based swaps in compliance with the Exchange Act requirements and the SEC's Regulation SE rules. These entities, including Bloomberg SEF LLC and ICE Swap Trade, LLC, demonstrated adherence to the necessary regulations, thus earning their official registration. The compliance ensures enhanced regulation and oversight of trading activities within these facilities.

    Simple Explanation

    The government has given the green light for eight companies, like big financial players such as Bloomberg, to set up special places to trade a type of financial bet called "security-based swaps." This means they have to follow strict rules to make sure everything is fair and safe.

  • 2024-28548 — Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Proposed Rule Change by The Options Clearing Corporation Concerning Modifications to Its Governance Documents To Align With Recently Adopted SEC Governance Rules
    Type:Notice
    Citation:89 FR 97127
    Reading Time:about 19 minutes

    The Securities and Exchange Commission (SEC) approved a rule change proposed by The Options Clearing Corporation (OCC) to amend its governance documents to align with SEC rules. The changes focus on ensuring board independence, enhancing third-party provider risk management, and improving transparency in governance. Specifically, the amendments require a majority of board and committee members to be independent, clarify responsibilities for managing third-party services, and update criteria for board member evaluation. These updates aim to strengthen the governance and accountability of the OCC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) has said it's okay for a group that handles options trading to change some of its rules so that it follows new SEC rules. These changes will help make sure the group is run better by having more fair and clear ways of picking people in charge.