Search Results for keywords:"Securities and Exchange Commission"

The National Securities Clearing Corporation (NSCC) proposed a rule change to modify its fee structure, specifically the Clearing Fund Maintenance Fee. The change aims to exclude cash deposits from Securities Financing Transaction (SFT) accounts from this fee, to encourage broader participation in the SFT clearing service by reducing economic burdens. This proposal is expected to have minimal financial impact on Members while fostering greater access to NSCC's services. The amendment is planned to take effect on January 1, 2025, pending further comments and approval.

The Securities and Exchange Commission (SEC) is requesting an extension for collecting certain information using Form 1-K, as required under the Paperwork Reduction Act. Form 1-K is mandatory for Tier 2 issuers who conduct offerings under Regulation A and need to file annual reports. There are about 353 issuers that file this form each year, and preparing it requires around 600 hours. The public can submit comments on this information request from December 12, 2024, to January 13, 2025.

NYSE American LLC has filed a proposed rule change with the Securities and Exchange Commission to set up fees for industry members linked to the Consolidated Audit Trail (CAT) costs for 2025. The fee, known as CAT Fee 2025-1, will be $0.000022 per executed equivalent share and will replace the existing higher fee. These fees aim to cover about half of the planned CAT costs for the year. The proposal is available on the SEC website, and comments from the public are invited.

Cboe EDGX Exchange, Inc. has proposed a change to its fee schedule, specifically increasing the cost of 10 gigabit (Gb) physical connectivity ports from $7,500 to $8,500 per month. This fee adjustment is intended to support the maintenance and improvement of market technology and services while staying competitive compared to fees charged by other exchanges. The proposed change is also meant to reflect inflation and investments the Exchange has made since the last fee adjustment in 2018. The Securities and Exchange Commission is seeking public comments on this proposal until January 21, 2025.

The Securities and Exchange Commission has received a proposal from Nasdaq PHLX LLC to allow FLEX Trading in options for the iShares Bitcoin Trust ETF (IBIT). This would enable these options to trade as both cash-settled and physically settled, with a consolidated limit of 25,000 contracts, which aims to prevent market manipulation and protect investors. The proposal is intended to broaden the range of available trading products and better manage investment risks in bitcoin-related products. Public comments are invited on whether this proposal aligns with the Securities Exchange Act's standards.

The Cboe Exchange, Inc. has announced a proposal to change its rules to allow the exchange to list options on the iShares Ethereum Trust. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal, which is intended to offer investors a cost-effective way to gain exposure to ether, as well as provide a hedging tool. The proposed options will be similar to those available for other commodity ETFs like gold and silver. To facilitate this change, various rules about trading, listing criteria, and position limits will apply to ensure market integrity and investor protection.

The Securities and Exchange Commission published a notice for an application seeking exemption from certain requirements of the Investment Company Act of 1940. This exemption would allow ETF Series Solutions and Distillate Capital Partners LLC to make changes to sub-advisory agreements without needing shareholder approval and to consolidate fee disclosures. The goal is to enable the investment adviser to select and manage sub-advisers more efficiently, benefiting the shareholders by potentially reducing costs. Additionally, the application outlines conditions to protect shareholder interests and seeks to maintain transparency by informing shareholders of significant changes via a streamlined notification process.

NYSE Arca has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend Rule 5.3-O. This amendment aims to permit the listing and trading of options on Commodity-Based Trust Shares. These shares represent interests in trusts that hold specified commodities. The change is expected to enhance market competitiveness by allowing options on these Commodity-Based Trust Shares to be listed and traded more efficiently, without needing separate approvals from the SEC, thereby benefiting investors with quicker and transparent access to these investment options.

The Depository Trust Company (DTC) submitted a proposal to the Securities and Exchange Commission (SEC) to issue up to $3 billion in senior notes. The goal is to enhance DTC's liquidity by having more cash available in case a participant fails to meet their financial obligations. This idea aims to make DTC less reliant on existing credit resources and better prepared to meet its liquidity needs. The SEC reviewed the plan and concluded that it aligns with financial stability goals and risk management standards, thus posing no objections to the proposal.

The Securities and Exchange Commission has received a proposed rule change from The Nasdaq Stock Market LLC. This change would allow for a new trading halt feature for Exchange-Traded Products (ETPs) on their launch day, similar to the process used for IPOs. The proposed rule is designed to aid efficient price discovery and protect against unexpected volatility by enabling the ETP issuer to halt trading for a specified period before manually opening it. Nasdaq aims to implement this new feature by the second quarter of 2025.