Search Results for agency_names:"Investment Company Act Release No. 35487

The Nasdaq Stock Market LLC has submitted a proposed rule change to the Securities and Exchange Commission to list and trade the Hennessy Stance ESG ETF under Nasdaq Rule 5750. This ETF was previously traded on NYSE Arca and the change involves switching to Nasdaq's set of rules. The proposed change includes implementing surveillance and monitoring systems to ensure compliance with federal securities laws. The rule filing has been made effective immediately, as it does not significantly impact investor protection or competition.

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the FDIC are requesting public comments on proposed revisions and extensions to specific reports, aiming to update the guidelines for reporting certain types of deposits, such as brokered and sweep deposits. These revisions align with regulations like the Net Stable Funding Ratio and address exceptions in the revised definition of brokered deposits. Public feedback is sought on whether these updates improve the agencies' ability to monitor financial institutions and assess related risks. The changes are set to take effect beginning with the report date of June 30, 2021.

MIAX Sapphire, LLC, a self-regulatory organization, has proposed changes to its fee schedule for three specific market data feeds: MIAX Sapphire Top of Market, MIAX Sapphire Complex Top of Market, and MIAX Sapphire Liquidity Feed. These fees will initially be waived for six months to encourage market participation. The proposed fees are structured to cover the costs associated with providing these data feeds and are intended to be competitive with fees charged by other exchanges for similar services. The proposal maintains that the fees are fair, reasonable, and non-discriminatory, applying consistently to all subscribers based on their use and distribution of the data.

The Securities and Exchange Commission (SEC) has approved amendments to the National Market System Plan, which manages the Consolidated Audit Trail (CAT) to implement cost-saving measures. Key changes allow switching certain data related to options market maker quotes to less costly storage, minimize processing requirements, and permit the deletion of industry test data after three months instead of retaining it for longer. These changes aim to reduce operational costs significantly, with estimates suggesting savings of approximately $21 million in the first year. While this may slightly reduce some regulatory efficiency in terms of data access and processing, regulators will still have access to the necessary data through alternative methods.

In a proposed rule change, Nasdaq BX, Inc. seeks to adjust the intervals between strikes for Short Term Options Series (STOS) contracts that have expiration dates more than twenty-one days from their listing date. This change aims to create a more efficient market by reducing the number of strikes for less frequently traded options, refining them based on customer demand and the stock's price. The Securities and Exchange Commission (SEC) approved this proposal, as it aligns with regulations designed to improve market operations and protect investors. Public comments generally supported the proposal, with some suggestions for simplifying its implementation.

The Securities and Exchange Commission (SEC) has announced a proposed rule change by MEMX LLC, which aims to amend Exchange Rule 19.3. This change would allow the exchange to list and trade options on the iShares Bitcoin Trust, providing investors a chance to engage with Bitcoin through a public market rather than directly. The new rule outlines measures like custody provisions, position limits, and compliance with existing standards for trading and oversight. MEMX believes this proposal will give investors more options for managing their investments and hedging risks related to Bitcoin.

The Securities and Exchange Commission (SEC) has received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Canary Litecoin ETF. This ETF will be based on Coinbase's Litecoin futures and will operate under Nasdaq's Rule 5711(d) for Commodity-Based Trust Shares. The Trust will use CoinDesk's Litecoin Price Index to calculate the net asset value of the ETF, although it will not utilize a surveillance-sharing agreement with a large regulated market. The SEC is seeking public comments on this proposal before making a decision on approval.

The U.S. Department of Labor is proposing to stop issuing certificates that allow employers to pay subminimum wages to workers with disabilities under the Fair Labor Standards Act (FLSA) Section 14(c). This decision is based on the conclusion that such wages are no longer necessary due to improved employment opportunities and legal protections for individuals with disabilities. If enacted, the proposal would phase out new certificates immediately and existing ones over three years, ensuring that all affected workers transition to being paid at least the regular minimum wage. The Department believes that this change reflects broader societal shifts towards equality and inclusion for workers with disabilities.

The Board of Governors of the Federal Reserve System has proposed a rule to change how Suspicious Activity Reports (SARs) are filed by certain financial institutions, like state member banks and bank holding companies. The rule aims to allow for exemptions from these requirements to help banks more effectively meet Bank Secrecy Act requirements, potentially leading to innovative ways to tackle financial crime. The Board will coordinate with FinCEN on exemption requests and is seeking public comments on the proposal until February 22, 2021. The proposal emphasizes that these exemptions won't relieve institutions from complying with FinCEN’s SAR regulations.

The Department of Justice has proposed a consent decree with Turn 14 Distribution, Inc., which has been lodged with the U.S. District Court for the Eastern District of Pennsylvania. The case involves allegations that Turn 14 violated the Clean Air Act by selling devices that disable emission controls in cars. As part of the settlement, Turn 14 will pay a $3.6 million penalty and undertake certain actions to address the violations. The public can comment on this proposed agreement until 30 days after the notice's publication, with details for submitting comments available online.