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The Securities and Exchange Commission (SEC) has announced a new rule proposal from MIAX Sapphire, LLC regarding fees for connectivity and port services. MIAX Sapphire plans to implement fees for network connections and ports, including a waiver period to incentivize participation, after which full fees will apply. The proposed fees aim to cover the costs of providing these services, with some services offered at a loss to attract market participants. The SEC is inviting public comments on these proposed changes.

Nasdaq PHLX LLC filed a proposed rule change with the Securities and Exchange Commission to remove rules associated with options on the Nasdaq-100® Volatility Index (VOLQ). These options were delisted in May 2023, and currently, there is no activity or plan to relist them. The purpose of this change is to simplify the rules for Phlx members, member organizations, and the public by eliminating outdated references. This proposal is not expected to impact competition since no trading of VOLQ options occurs on the market today.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application under specific sections of the Investment Company Act of 1940. The application seeks permission for TCW Direct Lending VII LLC and its affiliates to carry out an exchange offer, allowing investors to swap their investment units for shares in a related fund called the Extension Fund. This exchange would also involve transferring a proportional share of the company's assets and liabilities to the Extension Fund. A hearing may be requested by interested parties by emailing the Commission by a specified deadline.

The Transportation Security Administration (TSA) is extending its information collection regarding security programs for foreign air carriers entering the United States. This mandatory information collection aims to ensure these carriers meet safety standards comparable to those of U.S. operators by monitoring their compliance with specific security procedures. The TSA is seeking public comments by January 6, 2025, about the necessity and impact of this data collection. The estimated annual burden for foreign air carriers is 241,485 hours, involving around 180 respondents.

The Postal Regulatory Commission is notifying the public about a recent Postal Service filing related to a negotiated service agreement. This notice is part of a process for the Commission to review the Postal Service's requests, which might include adding or modifying products on the Competitive product list. The document outlines multiple requests and invites the public to comment on them. Interested parties can submit comments online, and those unable to do so are encouraged to reach out for further guidance.

The Postal Regulatory Commission has announced that the Postal Service has filed several requests for adding new contracts to the Competitive Product List. These requests are related to negotiated service agreements and will be reviewed in public proceedings. The public is invited to comment on these proposals by December 31, 2024. Detailed information about each request, as well as instructions for submitting comments electronically, is available on the Commission's website.

The Postal Regulatory Commission has issued a notice regarding new filings by the Postal Service about negotiated service agreements. These filings involve adding or amending competitive product contracts such as Priority Mail and USPS Ground Advantage. The Commission is inviting public comments on these filings by March 3, 2025, and has designated specific public representatives for each docket. For those unable to submit comments electronically, alternative methods are available by contacting David A. Trissell.

The Investors Exchange LLC has filed a proposed rule change with the Securities and Exchange Commission to modify the definitions of "Real-Time" and "Delayed" in their market data feeds. The change will increase the delay interval from fifteen milliseconds to fifteen minutes. This modification aims to allow data subscribers to adjust their subscriptions in response to the new time interval. The proposed changes are set to be implemented on February 1, 2025, and the Commission is inviting public comments on this rule change until February 24, 2025.

Nasdaq PHLX LLC has proposed a rule change to its Customer Rebate Program, seeking approval from the Securities and Exchange Commission (SEC). The change involves paying only the higher rebate to a member when they qualify for two different rebate incentives in the same month, rather than providing both. This amendment is intended to simplify the rebate structure while still motivating members to engage with customer orders. The proposal aims to ensure equitable and fair rebates among members, without imposing any undue burden on market competition.

Cboe Exchange, Inc. has proposed a rule change to amend its fee schedule, specifically regarding Related Future Cross (RFC) orders, which are complex orders involving a combination of option and futures contracts. This change is set to be effective from January 19, 2021. The proposed amendments include updates to the fee structure, such as relocation of certain surcharge waivers to footnotes 21 and 25, to reflect the permanent adoption of RFC orders in both electronic and open outcry trading environments. The filing with the Securities and Exchange Commission is open for public comments, and the Commission may take action within 60 days of the filing if necessary to protect investors and public interest.