Search Results for keywords:"regulatory impact"

On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.

The Coast Guard, part of the Department of Homeland Security, issued a new rule that expands the existing security zone in the Port of Miami. This extension is designed to cover the new cruise ship terminal that was added in December 2024 and extends the security zone approximately 840 yards eastward along the Miami Main Channel. The rule is effective from December 27, 2024, and aims to ensure safety by restricting access when multiple vessels with potential hazards are present in the zone. The Coast Guard determined this change was necessary to address security concerns and to accommodate the port's expansion.

The Federal Railroad Administration (FRA), part of the Department of Transportation, has withdrawn a proposed rule regarding the investigation of railroad accidents and incidents. The rule, initially published in October 2024, aimed to establish a standard process for information gathering and consultation with stakeholders during investigations. The decision to retract follows two negative comments criticizing insufficiencies and potential issues, including vague definitions and conflicts with existing practices. The withdrawal allows FRA to revisit the proposal and work with stakeholders to address concerns.

In a new final rule, the Department of Energy (DOE) has updated its test procedures for small electric motors and electric motors to align more closely with industry standards. This includes incorporating the latest version of the IEEE 112 standard, adding a new IEC standard as an optional method for testing, and providing clearer definitions and testing instructions to improve consistency and reduce testing burdens for manufacturers. The rule emphasizes that these changes will not affect the measured efficiency of the motors and sets specific compliance dates for manufacturers to implement the new procedures. The revisions are expected to reduce costs and harmonize testing practices with international standards.