Search Results for keywords:"Securities and Exchange Commission"

The Fixed Income Clearing Corporation (FICC) has submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning the GSD Rulebook. This proposal aims to revise how Funds-Only Settlement Amount (FOS) payments are handled, clarifying their designation as a settlement, not a collateral payment, and detailing when payments are final. Additionally, FICC plans to remove its right to offset a FOS payment against any additional funds required from a Netting Member. The SEC invites public comments on whether this rule change aligns with the Securities Exchange Act of 1934.

The Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares in a new exchange-traded fund (ETF) called the Canary SUI ETF. This ETF will be based on the Commodity-Based Trust Shares under BZX Rule 14.11(e)(4) and is designed to track the performance of SUI, a type of cryptocurrency. The proposal includes details on how the ETF will manage and protect investor interests by ensuring transparency and preventing fraud and manipulation, similar to other approved crypto-based funds. The Securities and Exchange Commission is evaluating the proposal and is seeking public comments before making a decision.

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend a rule that requires key market players to maintain robust and secure technological systems. This rule, known as Regulation SCI, involves collecting information to ensure market stability and includes specific requirements for reporting technological events and improvements to the SEC. Currently, 48 entities are subject to this rule, with the number expected to increase over the next three years. The regulation aims to enhance the resilience of the U.S. securities market and ensure compliance with federal securities laws, incurring costs and compliance efforts from the involved entities.

The Securities and Exchange Commission (SEC) has approved a proposal by NYSE Arca, Inc. to extend its trading hours. The extended trading will now allow activity from 1:30 a.m. to 11:30 p.m. Eastern Time on weekdays, barring differences on Fridays. This extension aims to foster competition by providing an additional trading venue during extended hours and includes enhanced customer disclosures to inform investors of the risks associated with trading during these hours. Also, the plan ensures that the necessary data mechanisms are in place before this extended trading can commence.

The Securities and Exchange Commission (SEC) is considering an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for an exemption under the Investment Company Act of 1940. This exemption would allow certain registered investment companies to pay advisory fees in shares of their common stock. Interested parties can request a hearing by emailing the SEC and the applicants by March 14, 2025. The application's details and conditions can be accessed through the SEC's EDGAR system.

The Options Clearing Corporation (OCC) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to adjust fees related to contracts. They wanted to increase the per contract clearing fee from $0.02 to $0.025 and remove a $55 flat fee for large transactions. This proposal was originally filed on December 19, 2024, and opened for public comment, but on February 14, 2025, the OCC decided to withdraw the proposal. The withdrawal was officially communicated by Sherry R. Haywood, the Assistant Secretary of the SEC.

The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange, Inc. The change involves the introduction of a new service called the Cboe Timestamping Service, which offers detailed timestamp information on orders, quotes, and cancels for market participants. This service includes two types of reports: the Missed Liquidity Report and the Cancels Report, both of which are optional and require separate fees. The Exchange has requested the Commission to allow the change to take effect immediately to offer these reports starting January 27, 2025, and the public is invited to submit comments until February 13, 2025.

The Investors Exchange LLC (IEX) has proposed a new rule to allow odd lot orders (orders for less than 100 shares) to be displayed and to aggregate them to form a protected quotation. This change aims to make odd lot orders visible, giving them higher execution priority and aligning IEX's rules with other securities exchanges. The proposal is considered non-controversial and does not foresee any significant impact on competition or investor protections. The rule intends to increase liquidity and enhance price discovery on the exchange, benefiting all market participants.

The NYSE Arca, Inc. has submitted a proposal to the Securities and Exchange Commission to update its Connectivity Fee Schedule. The change allows connections to the New York Stock Exchange LLC, NYSE American LLC, and NYSE Arca trading floors through dedicated bandwidth options called TF Connections. These connections could either directly link the data center in Mahwah, New Jersey, with a single trading floor or multiple floors. The fee for these connections will vary based on bandwidth needs and will be competitive with alternatives offered by third-party telecom providers.

The Nasdaq Stock Market LLC submitted a proposed rule to the Securities and Exchange Commission (SEC) that aimed to set new qualifications for the management of companies operating in countries with restrictive information laws. Initially filed in May 2020, the proposal underwent several amendments to address regulatory concerns. Despite a detailed review process including public comments and multiple amendments, the proposal was ultimately withdrawn by Nasdaq on February 1, 2021.