Search Results for keywords:"rule change proposal"

The Securities and Exchange Commission published a notice about a rule change proposal by The Nasdaq Stock Market LLC. The proposal aims to adjust fees for several Nasdaq options market data products based on the inflation rate, including Best of Nasdaq Options (BONO) and Nasdaq ITCH to Trade Options (ITTO). The rule change was filed on December 26, 2024, and was marked for immediate effectiveness. The public is invited to submit comments regarding the proposal until February 3, 2025.

The Cboe BZX Exchange, Inc. has proposed a new rule change that would allow the VanEck Bitcoin Trust and the VanEck Ethereum Trust to engage in in-kind creation and redemptions. This means that authorized participants could create or redeem shares using bitcoin or ether directly, instead of cash. The goal is to improve efficiency and reduce the impact on the market by allowing these transactions to occur with the underlying cryptocurrency rather than cash. The proposed change is being reviewed by the Securities and Exchange Commission, which is seeking public comments before making a decision.

The Securities and Exchange Commission has published a notice regarding a proposed rule change filed by NYSE National, Inc. This change aims to clarify the process for a broker-dealer, which may be subject to a statutory disqualification, to become or remain an ETP Holder on the Exchange. The proposed amendments will align NYSE National’s rules with those of other exchanges and SEC regulations, ensuring a consistent process when dealing with statutory disqualifications. The notice invites public comments on this proposal, which seeks to improve transparency and efficiency in membership applications affected by such disqualifications.

The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by NYSE American, LLC. The proposal suggests temporarily waiving the Options Regulatory Fee (ORF) for December 2024, aiming to prevent fee collections from exceeding regulatory costs. The fee would resume on January 1, 2025, at the same rate. The SEC temporarily suspended this proposal to allow more time for public feedback and further evaluation of its consistency with relevant laws and fairness in terms of fee allocation.

Nasdaq ISE, LLC filed a proposed rule with the Securities and Exchange Commission (SEC) that would allow it to list and trade options on the iShares Ethereum Trust. Initially published for comment on August 12, 2024, the SEC received feedback on the proposal. Due to the complexity of the issues raised, the SEC has extended the decision period by 60 days, setting a new deadline of April 9, 2025, to approve or disapprove the rule change. This extension ensures the SEC has enough time to thoroughly evaluate the proposed changes and the feedback received.

The New York Stock Exchange LLC submitted a proposal to the Securities and Exchange Commission to amend its Equities Price List. The proposed changes include introducing a new Adding Credit Tier 7, revising the non-display credit for Supplemental Liquidity Providers, and updating the credit for adding non-displayed liquidity in certain securities. The changes are intended to take effect on January 2, 2025. The public is invited to comment on the proposal by February 4, 2025.

The Postal Service is proposing a change to its rules on when customers can apply for extra service refunds. Currently, customers must apply for a refund on extra services for Priority Mail Express within 10 to 30 days of purchasing the service, and for other mail classes within 10 to 60 days. The new proposal suggests extending these time limits to 30 to 60 days for Priority Mail Express, while other mail classes would allow applications from 30 days after purchase. This change aims to create a more efficient process and consistently applied refund timelines. Public comments on this proposal are invited until February 8, 2021.

Cboe BZX Exchange, Inc. has proposed a rule change to allow the listing of options on Commodity-Based Trust Shares, which are shares that represent interests in commodities held in trusts, on their exchange. This aims to reduce listing times and costs by eliminating the need for separate approvals, enabling options on these trusts to be traded similarly to other ETFs. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal to determine whether it aligns with trading regulations and if it should be approved. If successful, this would provide investors with more tools for hedging and trading in a regulated market environment.

The Cboe BZX Exchange submitted a proposal to the Securities and Exchange Commission (SEC) to change the rules for trading shares of the VanEck Bitcoin Trust and VanEck Ethereum Trust. This change would allow in-kind creations and redemptions of these shares. The SEC typically has 45 days to approve or disapprove such proposals, but they have decided to extend this deadline to June 3, 2025, to take a closer look at the proposal. This extension will give the SEC more time to consider the details and implications of the proposed changes.

The Nasdaq Stock Market LLC has proposed a rule change to amend its pricing schedule for certain market makers involved in removing liquidity from the market for penny stocks. This proposal was filed with the Securities and Exchange Commission (SEC) and is designed to lower the percentage requirements for specific incentives available to market makers. This rule change has been designated for immediate effect, though the SEC is soliciting public comments on it. Interested parties can submit their opinions online or via mail to the SEC before March 12, 2025.