Search Results for keywords:"Regulatory compliance"

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Search Results: keywords:"Regulatory compliance"

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  • 2021-01451 — Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Transactions of Exempt Persons Regulations, and FinCEN Report 110, Designation of Exempt Person Report
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    Type:Notice
    Citation:86 FR 6964
    Reading Time:about 26 minutes

    The Financial Crimes Enforcement Network (FinCEN) is working to renew a rule that lets banks designate certain customers as "exempt persons" so they don’t have to report large cash transactions over $10,000 with them. The rule aims to help banks reduce paperwork and make it easier to manage these accounts. FinCEN is asking for public comments on the process and its impact on banks' workload to ensure it is effective and not unnecessarily burdensome. This is part of a broader effort to comply with the Paperwork Reduction Act of 1995, which seeks to minimize paperwork burdens on the public.

    Simple Explanation

    Imagine a rule that lets banks skip reporting when their special friends (customers) bring in lots of cash at once. The people in charge want to know if this rule is really working well and isn't too much work, so they're asking people to share what they think about it.

  • 2024-28114 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To List and Trade Various Bitcoin Options
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    Type:Notice
    Citation:89 FR 95309
    Reading Time:about 64 minutes

    The Securities and Exchange Commission (SEC) has been notified that Nasdaq ISE, LLC has filed a proposal to allow options trading for various Bitcoin-related exchange-traded funds (ETFs) on their exchange. The proposed rule aims to include Bitcoin-backed commodity ETFs, such as the Fidelity Wise Origin Bitcoin Fund and the ARK21Shares Bitcoin ETF, among others, as appropriate for options trading. The rule sets specific conditions and standards that these ETFs must meet to be eligible for options trading, ensuring they are widely held and actively traded. The SEC is seeking public comments on this proposal and has also considered waiving the 30-day operative delay to allow the rule to take effect immediately after filing.

    Simple Explanation

    Nasdaq wants to start selling special options for buying and selling Bitcoin funds, and they told the SEC about their plan. This means you might soon be able to trade these special options on their exchange, and the SEC wants to know what people think about this idea.

  • 2025-06414 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges
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    Type:Notice
    Citation:90 FR 16017
    Reading Time:about 14 minutes

    NYSE Arca, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its "NYSE Arca Equities Fees and Charges" schedule. The amendment introduces a routing fee for the "Midpoint Ping" strategy, which allows market participants to route orders to other exchanges within the NYSE Group to access midpoint liquidity. The fee will be $0.0030 per share for securities priced at or above $1.00, or 0.30% of the dollar value for those priced below $1.00. The rule change is now effective, and the SEC is inviting public comments on this proposal until May 7, 2025.

    Simple Explanation

    The NYSE Arca wants to charge a fee for a new way people can buy and sell shares secretly so they can get better prices. They will ask for public opinions about this plan until early May 2025.

  • 2021-00127 — Adjustment of Civil Penalties for Inflation for Fiscal Year 2021
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    Type:Rule
    Citation:86 FR 3745
    Reading Time:about 10 minutes

    The U.S. Nuclear Regulatory Commission (NRC) has updated its rules to adjust the maximum fines it can charge for violations. This is required by a law called the Federal Civil Penalties Inflation Adjustment Act, which makes sure penalties keep pace with inflation. Now, fines for breaking the Atomic Energy Act will increase from $303,471 to $307,058 per violation, per day. Additionally, fines related to fraudulent claims under the Program Fraud Civil Remedies Act will rise from $11,665 to $11,803 per false claim or statement.

    Simple Explanation

    The U.S. Nuclear Regulatory Commission (NRC) has made small changes to the fines people have to pay if they break certain rules, making sure the amounts grow a little each year to match inflation, just like how money must stretch further when things cost more.