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The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have extended the deadline for compliance with the new amendments to Form PF from March 12, 2025, to June 12, 2025. Form PF is a confidential reporting form that certain investment advisers to private funds, who are registered with the SEC and possibly with the CFTC, must fill out. The extension aims to address challenges like the need to file data under two different versions of the form, which raised issues for advisers. The new deadline also provides more time for affected parties to adapt to the changes and to ensure accurate data collection and reporting.

The Miami International Securities Exchange, LLC (MIAX) filed a proposed rule with the Securities and Exchange Commission (SEC) to introduce a new fee structure for accessing its testing systems environment through a dedicated cross connection. Starting December 1, 2024, MIAX plans to charge $1,000 per month for this access, regardless of whether users choose a 1Gb or 10Gb connection. While VPN access to the testing system remains free, the dedicated connection offers an optional, premium way to connect for users who may find it more suitable for their needs. The proposed fee aligns with or is lower than similar charges imposed by other exchanges for comparable services.

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

ICE Clear Europe Limited submitted a rule change to the Securities and Exchange Commission (SEC) to lower the clearing fees for the ICE Futures Europe Three Month Swiss Average Rate Overnight (SARON®) Index futures contract. The reduction in fees aligns with a decrease in the contract's notional size by a factor of four, facilitating a simpler transition of Open Interest from another contract type. The new fees are planned for implementation on March 1, 2021, pending regulatory approval. The changes are intended to ensure that fees are fair and consistent with the costs of clearing services without affecting competition among market participants.

The Cboe EDGX Exchange, Inc. has filed a notice with the Securities and Exchange Commission about changes it is proposing to the fees associated with its EDGX Top Feed data product. These changes include an increase in fees for internal distribution of the data from $500 to $750 per month and the introduction of a $4 monthly fee for each professional user accessing the data internally. The Exchange argues that these fees are competitive when compared to similar products by other exchanges and that this change aligns with their goal of providing valuable market data while operating in a competitive environment. The proposed rule change has taken effect and is open for public comments.

The Securities and Exchange Commission has announced that the Investors Exchange LLC submitted a proposed rule change to establish new fees for 2025 to cover costs related to the National Market System Plan Governing the Consolidated Audit Trail (CAT). This proposal includes a fee called CAT Fee 2025-1 set at $0.000022 per executed equivalent share, which is expected to be effective for six months and aims to recover half of the budgeted costs for 2025. The public is invited to submit comments on the proposal by January 29, 2025.

BOX Exchange LLC has proposed a rule change to amend several of its rules to enable the listing and trading of options on the iShares Ethereum Trust. This proposal includes modifications to listing criteria, position limits, and the mechanism for how these options will be traded. The exchange believes options on this trust provide investors with a more accessible and cost-effective way to invest in Ethereum, which is a popular cryptocurrency. The proposed rule changes are designed to prevent market manipulation while enhancing transparency and efficiency in trading these options.

The Securities and Exchange Commission (SEC) received a proposed rule change from MIAX PEARL, LLC, to allow trading options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. This proposal comes as a response to similar competitive offerings approved by the NYSE American. MIAX Pearl argues that these changes will offer investors a lower-cost tool for managing risks and gaining exposure to Ethereum prices. The SEC aims to ensure this new trading option is in line with its rules designed to prevent fraud and maintain fair trading practices.

Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

The NCUA Board has issued a final rule amending regulations for corporate credit unions. This rule clarifies that corporate credit unions are allowed to purchase subordinated debt instruments from natural person credit unions and outlines how these investments will be treated in terms of capital. The rule aims to balance providing flexibility for these transactions while minimizing systemic risk to the credit union system by requiring such debt instruments to be deducted from Tier 1 capital. This amendment takes effect on January 1, 2022.