Search Results for keywords:"Securities and Exchange Commission"

The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Cboe BZX Exchange, Inc. This change involves amendments to the fee schedule for the use of "Dedicated Cores," a service that enhances trading speed and performance by allocating dedicated CPU processing power to users. Users who opt for this service can use up to two Dedicated Cores free of charge, while additional cores incur a scalable fee based on usage. This service is optional and aims to provide firms, especially those sensitive to latency, a more efficient trading experience.

The Securities and Exchange Commission (SEC) is seeking to extend its current rules on collecting information under the Paperwork Reduction Act of 1995. Rule 22e-3 allows money market funds to suspend redemptions temporarily if it helps with an orderly fund liquidation, but they must notify the SEC of such suspensions. The SEC estimates that compliance with this rule will involve minimal effort, requiring about an hour of a lawyer's time each year. The public is invited to comment on the necessity and burden of this information collection by February 14, 2025.

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.

The Cboe Exchange, Inc. has proposed a rule change to update its fees schedule to support listing and trading of options linked to the Cboe Bitcoin U.S. ETF Index and the Cboe Mini Bitcoin U.S. ETF Index. Proposed fees include $0.50 for customer orders and $1.00 for non-customer orders for the Bitcoin ETF Index options and lower fees for the Mini ETF Index options. Standard surcharges, fee programs, and rebates for liquidity providers and market makers are also included in the changes. The proposed incentives aim to encourage liquidity and tighten trading spreads to benefit all market participants.

Cboe EDGA Exchange, Inc. proposed a rule change to increase the monthly fee for a 10-gigabit physical port from $7,500 to $8,500. This change is intended to help maintain and improve the exchange's market technology, and it aligns with fees charged by other exchanges. The exchange also highlighted its significant investments in upgrading its systems and accommodating new data centers as a reason for the fee increase, which they believe is reasonable given the inflation and enhancements in service quality. The Securities and Exchange Commission is seeking public comments on this proposal.

The Securities and Exchange Commission (SEC) published a notice regarding two applicants, Premier Multi-Series VIT and SEI Insurance Products Trust, seeking orders to stop being classified as investment companies. Premier Multi-Series VIT made a final distribution to its shareholders on April 22, 2020, and incurred expenses of roughly $97,923 in this process. SEI Insurance Products Trust completed a similar process on September 28, 2020, costing around $21,512. Both companies filed official applications in 2020 to formalize their requests with the SEC.

The Securities and Exchange Commission (SEC) is inviting comments on the information collection requirements related to Rule 498, as outlined by the Paperwork Reduction Act. Rule 498 allows investment funds to use a Summary Prospectus for delivering key information about fund investments, while the full statutory prospectus is available online. The SEC estimates that about 10,536 funds are using this Summary Prospectus, with a total annual burden of approximately 15,804 hours and cost burden of around $190 million. Comments can help improve these processes and must be submitted within 60 days.

The Options Clearing Corporation (OCC) has proposed a rule change to adjust its fee schedule, specifically focusing on the Operational Loss Fee, to ensure it aligns with their Capital Management Policy. This change aims to enable the OCC to replenish its capital efficiently if their equity falls below a certain level. The updated fee structure would see clearing members potentially share the cost if OCC's assets drop below required thresholds, with the aim of maintaining stability and fulfilling their obligations. The OCC believes this adjustment is fair and necessary to support their Recovery and Orderly Wind-Down Plan, complying with regulatory requirements.

The Securities and Exchange Commission (SEC) received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Grayscale Polkadot Trust under Nasdaq Rule 5711(d). This trust will hold and manage Polkadot tokens, offering an investment avenue without direct ownership of the digital currency. The proposed rule includes measures to prevent fraud and manipulation, and outlines how the shares will be created, traded, and redeemed. The SEC is reviewing the proposal and inviting public comments for potential approval or disapproval.

The Securities and Exchange Commission (SEC) has received a proposal from Cboe Exchange, Inc. to amend certain rules, allowing them to list and trade options on three Ethereum-based ETFs: the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal includes changes to rules about the criteria for underlying securities, as well as position and exercise limits for these options, which are based on the number of shares and trading volume. The goal is to provide investors with a new tool for managing risks associated with investments in Ethereum. The SEC is seeking public comments on this proposal to consider its compliance with the Securities Exchange Act of 1934.