Search Results for keywords:"financial impact"

Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

The Securities and Exchange Commission (SEC) announced that the National Securities Clearing Corporation (NSCC) filed a proposed rule change to its Clearing Agency Risk Management Framework. This proposal aims to update and clarify various processes, such as the quarterly review escalation process and the annual review process regarding "done-away" clearing activity. It also involves removing references to the Systemic Risk Council and making other minor clarifications. The SEC invites the public to comment on this proposed rule change by April 9, 2025.

ICE Clear Credit LLC (ICC) has proposed a change to its fee schedule, introducing a Client Volume Incentive Program. This program provides discounts on fees for clients who have annual billed fees for credit default swaps (CDS) exceeding $1 million USD. The discount is tiered, with up to 90% off for fees exceeding $6.4 million USD. The plan encourages more clients to use ICC's clearing services without imposing competitive burdens.

The Securities and Exchange Commission is seeking public feedback on its information collection under Rule 17g-1, which deals with the fidelity bonding of officers and employees of registered management investment companies. This rule requires independent directors to approve the bond annually, specifies terms for coverage amounts based on a fund's assets, and mandates the submission of certain documents to the Commission. The Commission estimates that complying with these requirements takes about two hours per year for each of the approximately 2,200 funds. Comments on the necessity and efficiency of these information collections are requested within 60 days.

The Federal Retirement Thrift Investment Board (FRTIB) is proposing a change to the rules about how loans from the Thrift Savings Plan are managed. Currently, any interest that has already been collected on a loan must be paid off before payments can be made toward the principal and current interest. The new rule suggests that the interest be added to the principal when recalculating the loan, making the process more in line with the practices used for similar private-sector plans. This change will not significantly impact small entities or require additional reporting.

The Postal Regulatory Commission has issued a public notice regarding a recent filing by the Postal Service. This filing involves requests to add new contracts to the Competitive Product List and concerns negotiated service agreements. The Commission invites public comments on these requests, with a deadline of February 6, 2025, and provides details on how to submit comments online. Additionally, the notice identifies specific docket numbers for the requests and mentions the appointed public representatives for the cases.

The Judicial Conference of the United States has announced that certain dollar amounts related to bankruptcy cases in the United States Code will be adjusted due to changes in the Consumer Price Index for All Urban Consumers. These changes will take effect on April 1, 2025, and will apply to many sections of titles 11 and 28 that deal with bankruptcy law. The adjustments are based on a three-year period ending before January 1, 2025, and will be rounded to the nearest $25. Additionally, several Official Bankruptcy Forms and Director's Forms will also be updated to reflect these new dollar amounts.

The Securities and Exchange Commission (SEC) is seeking public input on the renewal of a procedure related to Form 12b-25, which companies use to notify the SEC and the marketplace if they cannot file a required report on time. This procedure allows for an automatic filing extension. The SEC estimates that there are around 2,849 annual filings of this form, with each taking approximately 2.5 hours to complete, resulting in a total of 7,123 burden hours. The public has until March 11, 2025, to submit their comments about the necessity, accuracy, and efficiency of this information collection.

Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology, originally proposed in SR-BX-2024-054. This delay means the new fee and its methodology will now take effect on June 1, 2025, and will end on December 1, 2025. The proposal is immediately effective, and the public is invited to submit comments about it by March 3, 2025. For more details, the proposal is available on both Nasdaq BX's and the SEC's websites.

Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission, effective immediately, to amend its fee schedule for certain sub-dollar orders. The change revises the fee for an order that routes to and removes liquidity from another exchange at a price under $1.00. Instead of charging the cost imposed by the away exchange plus $0.0001 per share, IEX will now charge this cost plus 0.02% of the total dollar value of the execution. Comments on the proposal are invited to be submitted to the Commission by February 6, 2025.