Search Results for keywords:"rule change"

The Securities and Exchange Commission has announced that MIAX Emerald, LLC has made changes to its Fee Schedule. The proposed changes involve updating the Exchange's email domain to @miaxglobal.com and removing outdated references to mini-options, which are no longer offered due to lack of market acceptance. These changes were filed to provide greater clarity and do not impose any new fees. The SEC has waived the usual 30-day waiting period, allowing these updates to take effect immediately.

The New York Stock Exchange LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update certain rules, including allowing the appointment of Trading Officials. This proposal was published for public comment in the Federal Register on December 30, 2020, but no comments were received. The SEC needed more time to review the proposal and decided to extend the period for their decision, setting a new deadline of March 30, 2021, to either approve or disapprove the rule change.

Cboe C2 Exchange, Inc. has proposed a rule change to establish a new fee called the CAT Fee 2025-1, which is set at $0.000022 per executed equivalent share. This fee is related to the costs associated with the Consolidated Audit Trail, which is governed by the National Market System Plan. The proposal was filed with the Securities and Exchange Commission (SEC) on December 20, 2024, and has been designated for immediate effectiveness. The SEC has invited the public to submit comments on this proposal by January 27, 2025.

The Securities and Exchange Commission published a notice about a proposed rule change for the Cboe BYX Exchange. The change involves allowing the Exchange's Match Trade Prevention (MTP) functionality to be used when entering Periodic Auction Orders. This aims to help users manage their orders and prevent undesirable trades, like wash sales, without interfering with ongoing auctions. Although MTP for Periodic Auctions would have some operational differences, it is meant as an optional risk tool and doesn't affect existing auction processes.

The Options Clearing Corporation (OCC) filed a proposed rule change to amend the definition of “Fund Share” in its by-laws. This change aligns with the Commodity Futures Trading Commission's (CFTC) advisory indicating that options on spot commodity exchange traded funds (ETFs) are likely to be considered securities, thus falling under SEC oversight. The proposed changes will remove the need for product-by-product exemptions previously sought from the CFTC, providing clearer guidelines for market participants, and ensuring OCC's by-laws remain current and clear. The rule change aims to facilitate the efficient clearance of these options without significantly impacting competition or investor protection.

The Securities and Exchange Commission has approved a proposed rule change by NYSE Arca, Inc. regarding information available on the websites for the iShares Gold Trust, iShares Silver Trust, and iShares S&P GSCI Commodity-Indexed Trust. The change requires these Trusts to provide more detailed data about the premiums or discounts of their shares' closing prices relative to their net asset values, shifting from chart forms to tables and graphs. This updated method intends to offer market participants better insight into how shares are priced against their net asset values. The exchange has stated that this new approach will make information more specific, comprehensive, and timely for investors.

The New York Stock Exchange (NYSE) proposed a rule change to the Securities and Exchange Commission (SEC) to exempt closed-end funds from holding annual shareholder meetings. This rule alteration was initially filed on June 21, 2024, and published for public comment on July 9, 2024. However, on January 31, 2025, the NYSE decided to withdraw this proposed rule change. The SEC had been considering whether to approve or disapprove the proposal before its withdrawal.

The Securities and Exchange Commission has approved a rule change proposed by the Financial Industry Regulatory Authority (FINRA) to amend the rules about removing members from FINRA's National Adjudicatory Council (NAC). This change aligns the reasons for removing a NAC member with those for removing a governor from the FINRA Board, including removal "for any cause affecting the best interests" judged by the FINRA Board. This is intended to enhance governance and assure fair representation of FINRA members, supporting investor protection and public interest through fair and impartial adjudication processes. The decision emphasizes the importance of the NAC's independence, integrity, and freedom from conflicts of interest.

Nasdaq PHLX LLC proposed a rule change to allow market makers to participate in Price Improvement XL auctions for Nasdaq-100 Micro Index Options. The Securities and Exchange Commission (SEC) initially had 45 days to approve, disapprove, or begin proceedings on this rule change, ending on December 21, 2024. However, the SEC extended this period to ensure they have enough time to consider the proposal thoroughly. The new deadline for a decision is February 4, 2025.

The Federal Aviation Administration (FAA) has updated the schedule for restricted airspace at the Grand Bay Weapons Range in Georgia. This change extends the hours during which these areas (R-3008A, R-3008B, R-3008C, and R-3008D) can be activated without requiring a Notice to Airmen (NOTAM), aligning the published hours more closely with their actual use. As a result, pilots will have a clearer understanding of when these areas are typically in use, and the workload related to issuing NOTAMs will be reduced. The rule change becomes effective on April 22, 2021.