Search Results for keywords:"Murray Lock

The U.S. Copyright Office has issued a final rule to improve the process of recording notices of termination to enhance efficiency. This update clarifies timeliness rules for such notices and expands permissible methods for serving them, including reputable courier services and email if the recipient consents. It also broadens the definition of "harmless errors" to cover minor mistakes in compliance, which do not materially impact the notice. Additionally, the Office plans to explore the development of a directory for digital communication and public comments regarding form templates for these notices.

The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by The Options Clearing Corporation (OCC) to manage risks from intraday and overnight trading activity. This amendment, known as Amendment No. 3, introduces a new Intraday Risk Charge aimed at mitigating risks associated with rapidly fluctuating intraday trading volumes, particularly "zero-days-to-expiration" options. The rule aims to ensure that OCC's current risk management practices cover such trading activities and includes monitoring thresholds for issuing margin calls. The changes are designed to align with recent SEC rules and industry feedback, with implementation planned for September 2025. The SEC is seeking public comments on these proposed changes.

The Federal Communications Commission (FCC) has announced new rules to improve accessibility for video conferencing services. These rules ensure that such services can be used by people with disabilities by requiring features like accurate captioning, sign language interpretation support, and customizable user interface controls. Additionally, the FCC allows for integrated relay services to support functionally equivalent communication in video conferences, while also implementing measures to prevent misuse of the Telecommunications Relay Services Fund. The changes aim to make video conferencing more accessible, reflecting its essential role in communication today.

The Securities and Exchange Commission is considering a proposal by The Nasdaq Stock Market LLC to list and trade shares of the CoinShares XRP ETF under Nasdaq Rule 5711(d). This proposed rule change would allow the exchange to offer a new exchange-traded fund (ETF) that is designed to track the performance of the digital asset XRP. The ETF aims to provide investors an easy and cost-effective way to gain exposure to XRP without directly investing in the cryptocurrency itself. The SEC is seeking public comments on whether this proposal aligns with the rules and regulations set out by the Securities Exchange Act of 1934.

DoD, GSA, and NASA have issued a final rule to amend the Federal Acquisition Regulation (FAR) in order to implement an Executive Order that promotes the use of American-made goods in government procurement. This rule increases domestic content requirements for products, especially focusing on iron and steel, and raises the price preference for domestic goods from 6% to 20% for large businesses and from 12% to 30% for small businesses. Additionally, certain aspects of the Buy American statute are retained, such as waivers for Commercially Available Off-The-Shelf (COTS) items, although exceptions apply for products predominantly made of iron or steel. The rule is intended to boost economic growth, job creation, and national security by encouraging the use of U.S.-manufactured products.

The Department of Energy (DOE) has announced a final interpretive rule regarding energy conservation standards for products like residential furnaces and commercial water heaters. The rule states that non-condensing technology and its associated venting is considered a "feature" that must be preserved under the Energy Policy and Conservation Act (EPCA). This decision comes after public comments and aims to prevent eliminating this technology through energy-saving regulations. This interpretation may limit potential energy savings but allows consumers more choices and prevents unnecessary building modifications. The DOE also withdrew previous proposals on energy conservation standards that were inconsistent with this interpretation.

The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.

On January 30, 2025, NYSE Arca, Inc. proposed a rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale XRP Trust as a commodity-based trust share on the NYSE Arca. The Trust's main goal is to offer investors a way to gain investment exposure to XRP, a digital asset, on a regulated exchange. The Trust operates without active management and holds XRP, allowing investors to avoid the complexities of purchasing and securing XRP directly. The SEC is seeking public comments on this proposal and will decide whether to approve it within 45 to 90 days.

The Securities and Exchange Commission (SEC) has approved a proposal by the Options Clearing Corporation (OCC) to implement a new margin add-on charge aimed at reducing risks from short-dated options trading and intraday activities. This charge will be applied to all clearing member accounts to ensure sufficient financial resources are available to cover credit exposure. The decision comes as a response to the significant increase in trading volume and the associated risks that were not fully addressed under the previous margin system. Despite some industry concerns about potential impacts on competition, the SEC determined that the changes are necessary to safeguard securities and funds while ensuring fair competition.

The Securities and Exchange Commission (SEC) has implemented new rules for certain broker-dealers to enhance customer protection. These amendments mandate that broker-dealers with more than $500 million in average total credits must compute and deposit reserve requirements daily, rather than weekly, for funds that belong to customers and other broker-dealers. This change aims to better safeguard customer funds and reduce the risk of financial shortfalls if a broker-dealer were to fail. Additionally, broker-dealers performing daily computations are allowed to reduce their aggregate debit items by 2%, instead of the previous 3%, in their reserve calculations.