Found 3 results

Search Results: keywords:"decision deadline"

💰 Only

Oldest Newest

2024-29627 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Partial Amendment No. 1, Relating to the Adoption of a Trade Submission Requirement
December 17, 2024
Type:Notice
Citation:89 FR 102207
Reading Time:about 3 minutes
The Securities and Exchange Commission has extended its decision deadline concerning a rule change proposed by the Fixed Income Clearing Corporation (FICC). Originally submitted on June 12, 2024, the proposal involves a trade submission requirement, and comments on it have been received. After a partial amendment by FICC on September 24, 2024, the Commission decided to delay its decision to allow more time for consideration. The new deadline for the decision is set for February 26, 2025.
Simple Explanation
The government group that looks after how money trades are made wants more time to think about a change in the rules for how trades are reported. They now have until the end of February to make a decision.
2025-02557 — Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Certain Rules Related to Flexible Exchange Options on the Grayscale Bitcoin Trust
February 13, 2025
Type:Notice
Citation:90 FR 9570
Reading Time:about a minute or two
NYSE American LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow Flexible Exchange (FLEX) options on shares of the Grayscale Bitcoin Trust. This proposal was published on December 27, 2024, but received no public comments. The SEC, needing more time to evaluate the proposal, has extended the decision deadline to March 27, 2025. By this date, the SEC will decide whether to approve, disapprove, or begin proceedings to possibly disapprove the proposed rule change.
Simple Explanation
The people who make rules about money and stocks are thinking about allowing a special kind of trading for something called Bitcoin, but they need more time to decide if it's a good idea. So, they've decided to wait a little longer before making their choice.
2025-02679 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify Certain Initial Listing Liquidity Requirements
February 18, 2025
Type:Notice
Citation:90 FR 9771
Reading Time:about 2 minutes
The Nasdaq Stock Market LLC submitted a proposal to the Securities and Exchange Commission (SEC) to change some of its rules for companies that want to list on its markets, particularly those that are doing an initial public offering or moving from another market. These rule changes would require that the necessary market value of publicly held shares come only from the proceeds of these offerings. The SEC has extended the time it will take to make a decision on whether to approve or disapprove these changes. The new deadline for the SEC's decision is March 30, 2025.
Simple Explanation
Nasdaq wants to change some rules about how companies can join their markets, and the team that checks these rules needs more time to decide if the changes are okay. They have until March 30, 2025, to make their decision.

Showing 1 to 3 of 3 results