Search Results for keywords:"self-regulatory organizations"

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 New York Stock Exchange (NYSE) has proposed a rule change to eliminate the cap on the fee discount provided to certain investment management entities and their eligible portfolio companies. Previously, there was a maximum limit on the discount, which created unequal fee outcomes for similar companies. By removing this cap, all qualifying companies will uniformly receive a 50% annual fee discount without a maximum limit, promoting fairness and consistency. The change is expected to have minimal impact on overall competition, as only a small percentage of companies qualify for this discount.

Cboe BZX Exchange, Inc. has proposed changes to its rules regarding Market Makers in Derivative Securities. The proposal suggests that Market Makers should only be required to provide a list of their trading accounts upon request, rather than regularly filing them with the Exchange. Additionally, the proposal seeks to eliminate the rule preventing Market Makers from trading in accounts not reported to the Exchange. These updates aim to reduce the paperwork burden while ensuring necessary information is still accessible when required.

The NYSE Arca, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend Rule 2.4. This amendment aims to clarify the procedures for broker-dealers involved in a statutory disqualification, allowing them to become or remain members of the exchange. The proposal seeks to bring NYSE Arca's rules in line with other exchanges and the SEC's guidelines, ensuring a consistent approach. The SEC has quickly approved the rule change to address an urgent situation where a firm facing disqualification is applying for membership during its relief process.

The Securities and Exchange Commission (SEC) is seeking comments on the information collection for Rule 19h-1 under the Securities Exchange Act. This rule involves the process self-regulatory organizations follow when allowing individuals with misconduct records to continue or join the securities business. Public feedback is invited on the need for this information, its utility, the accuracy of the estimated time burden, and suggestions to enhance the data collection process. Comments should be submitted within 60 days of the publication date, by May 5, 2025.

NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Teucrium Water Fund under a specific NYSE Arca rule. This proposal was published on December 14, 2020, and as of now, the SEC has not received any public comments. Originally, the SEC had 45 days to make a decision, which would have been by January 28, 2021. However, the SEC has extended the deadline to March 14, 2021, to allow more time to consider the proposal.

The Securities and Exchange Commission has announced that the BOX Exchange LLC filed a proposed rule change to extend the period that certain individuals can act as principals without having passed applicable qualification exams. This change is in response to disruptions caused by the COVID-19 pandemic, which have made it difficult for candidates to take these exams. The proposal allows those acting as principals since before January 1, 2021, to continue in their roles until April 30, 2021, without completing the exams. This temporary rule aligns with similar measures by other self-regulatory organizations and aims to maintain operational stability during the pandemic while ensuring investor protection.

The Miami International Securities Exchange, LLC, known as MIAX Options, has proposed a rule change approved by the Securities and Exchange Commission due to disruptions caused by the COVID-19 pandemic. The change temporarily extends the period from 120 days to April 30, 2021, for registered individuals to function as principals without passing a qualification exam. This extension applies only to those designated before January 1, 2021, in response to challenges like limited capacity at test centers and operational disruptions from the pandemic. The goal is to maintain the operation of firms while easing the burden on individuals affected by testing limitations.

The Securities and Exchange Commission announced that MIAX Sapphire, LLC has submitted a proposed rule change to amend its fee schedule. This amendment would establish a fee for market participants that use a dedicated cross connection to access the Exchange's testing systems environment. The proposal is effective immediately, and the public is invited to submit comments on it until February 21, 2025. The details of the proposed rule change can be accessed on the websites of both the Exchange and the Commission.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from Cboe Exchange, Inc.. This rule change seeks to introduce Qualified Contingent Cross Orders for FLEX option trading. The SEC has extended its deadline to make a decision on whether to approve or disapprove the proposal until April 17, 2021. This extension allows the SEC more time to consider the proposal in detail, particularly after Cboe Exchange submitted two amendments modifying the original rule change.