Search Results for keywords:"Securities and Exchange Commission"

The Securities and Exchange Commission (SEC) is seeking public comments on the collection of information required by Rule 304 of Regulation ATS. This rule pertains to alternative trading systems and requires them to submit Form ATS-N, providing details about their operations to increase transparency and reduce conflicts of interest. The SEC estimates it takes about 1,901 hours a year for entities to comply with these requirements. Comments on the usefulness and burden of the information collection are invited until January 31, 2025.

The Securities and Exchange Commission has received a proposed rule change from NYSE Arca, Inc. to amend its options fee schedule. The change aims to lower the cap on fees for certain options strategy executions from $1,000 to $200 for OTP Holders trading at least 25,000 monthly contract sides. This move is intended to motivate OTP Holders to increase their trading volume on the Exchange, which could enhance market depth, tighten bid-ask spreads, and improve price discovery. The Exchange believes this proposal encourages competition by making NYSE Arca a more attractive venue for strategy executions.

The Securities and Exchange Commission (SEC) is requesting an extension of the paperwork required for Rule 15Ga-2 and Form ABS-15G. These forms are used to gather information about asset-backed securities, particularly about repurchase requests. Form ABS-15G is essential for implementing disclosure requirements mandated by the Dodd-Frank Act. Public comments on this request can be submitted from December 12, 2024, to January 13, 2025.

The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove a rule change proposed by the Investors Exchange LLC (IEX) for its new options trading facility, IEX Options. This facility aims to manage the trading of options using a system similar to other exchanges while featuring unique aspects like a minor delay on orders to protect market makers. The SEC is inviting public feedback to evaluate if the proposed rules align with fair trading principles and do not impose undue competition burdens. Comments are open until May 16, 2025, with rebuttals due by May 30, 2025.

The Cboe C2 Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to adopt new functionality for processing auction responses. Currently, auction responses can miss out on participating in auctions if there is high message traffic. The proposed change would allow the system to process auction responses for up to 100 milliseconds beyond the end of an auction period to ensure more responses have the chance to be included, which could lead to better pricing for investors. The SEC is seeking comments from the public on this proposed change.

Cboe Exchange, Inc. proposed a temporary increase in its Options Regulatory Fee (ORF) from $0.0017 to $0.0023 per contract side, effective April 1, 2025, to cover more of its regulatory costs. The revenue from ORF helps pay for the regulation of customer trading activities, like monitoring and investigations. This increase will still keep ORF revenue below 75% of Cboe's total regulatory costs. The new rate is set to end on December 31, 2025, and the Exchange plans to explore a revised ORF model and possibly seek further adjustments in the future.

The Securities and Exchange Commission is reviewing a proposed rule change filed by The Nasdaq Stock Market. Nasdaq aims to amend Rule 4759 to change the primary and secondary sources of quotation data from certain market centers that it uses for order processing and regulatory compliance. The rule change involves using direct data feeds from the Long-Term Stock Exchange as the primary source and CQS/UQDF as a secondary source. The proposal is filed under a rule that allows for quicker adoption if it does not significantly impact investors or competition, and the SEC has decided it can take effect immediately.

The Securities and Exchange Commission is seeking public comments on the continued collection of information via Form T-1, which relates to the Trust Indenture Act of 1939. This form assesses if a corporation is qualified to act as a trustee under an indenture. The Commission estimates each response to Form T-1 requires about 15 hours, with half of that time being an internal burden. Comments are invited on whether the form is necessary, its burden assessments, and potential improvements, and must be submitted by May 12, 2025.

The Securities and Exchange Commission (SEC) is inviting public comments on its information collection process under Rules 6a-1 and 6a-2 and Form 1 as required by the Paperwork Reduction Act. These rules require new national securities exchanges to submit applications and updates to ensure compliance with the Securities Exchange Act. The SEC estimates a total annual burden of approximately 8,030 hours on these exchanges for their filings. Public comments on this matter are requested by February 11, 2025, and should focus on the necessity, accuracy, and efficiency of this information collection.

The SEC is reviewing a proposed rule change by NYSE American LLC to set up new procedures for allocating power to co-located Users at its facilities. Due to increased demand, especially during volatile market periods, the Exchange plans to integrate power allocation rules with existing rules on cabinet allocation. These changes include placing purchasing limits on Users when available power or cabinet supplies fall below certain thresholds, and creating a waitlist system if these supplies are exhausted. The proposal aims to ensure a fair distribution of resources among users and is open for public comments.