Search Results for keywords:"proposed rule change"

In July 2020, The Nasdaq Stock Market filed a proposed rule change with the Securities and Exchange Commission (SEC) to adjust listing requirements for maintaining a minimum number of beneficial holders and shares outstanding. The SEC initially had until February 3, 2021, to decide whether to approve or disapprove the change, but extended the deadline to April 4, 2021, to allow for a thorough review. This extension ensures the SEC has enough time to consider comments and make an informed decision about the proposal.

The Securities and Exchange Commission has announced that NYSE Arca, Inc. filed a proposed rule change to amend their Equities Fees and Charges, specifically introducing a new Tier 6 and adopting Tiers 1, 2, and 3 under the new Sub-Dollar Adding Tiers pricing table. This proposal was filed on December 20, 2024, and is designated for immediate effectiveness. The public is invited to submit comments on this proposal, with a deadline of January 31, 2025. Comments can be submitted electronically via the SEC's website or by mail.

ICE Clear Credit LLC filed a proposed rule change to revise its Governance Playbook, as per Securities Exchange Act of 1934 requirements. Key changes include establishing a Board Risk Committee to oversee risk management and adding fitness standards for Board Managers. These changes aim to improve the clearance and settlement of securities by enhancing ICC's governance structure. Public comments on the proposal are encouraged by the Securities and Exchange Commission by May 12, 2025.

Nasdaq PHLX LLC, a self-regulatory organization, has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce a FIX Drop Port, similarly used by other Nasdaq exchanges like BX, NOM, ISE, GEMX, and MRX. The FIX Drop Port will be implemented in Options 3, Section 23(b)(3) and is designed for immediate effectiveness. The SEC is inviting the public to comment on this proposed rule change and advises that comments should be submitted by February 24, 2025. All comments will be made public on the SEC's website.

The Cboe EDGX Exchange, Inc. has proposed changes to its fee schedule concerning Dedicated Cores and filed these changes with the Securities and Exchange Commission (SEC) for immediate effect. This notice, published to gather feedback, invites people to share their opinions on whether the proposed changes align with relevant laws. Comments can be submitted online or by mail to the SEC. The final decision regarding the approval or disapproval of the proposal will be taken by the Commission based on the feedback received by February 28, 2025.

MIAX Sapphire, LLC has filed a proposed rule change with the Securities and Exchange Commission to establish a Virtual Trading Floor, as outlined in Exchange Rule 2090. This proposal is effective immediately and invites public comments until February 11, 2025. The public can view the details and submit comments either electronically through the SEC's website or by mail. The SEC may temporarily suspend the rule change within 60 days if it's deemed necessary for public interest or investor protection.

The Nasdaq Stock Market LLC proposed a rule that would allow them to deny or impose stricter listing criteria on companies based on their auditors or if their business activities occur in countries with restrictive laws, such as those that limit information access. This proposal was submitted to the Securities and Exchange Commission (SEC), which spent several months reviewing it and considering amendments. However, on February 1, 2021, before a final decision was reached, Nasdaq chose to withdraw the proposed rule change.

NYSE American LLC submitted a rule change to the Securities and Exchange Commission (SEC) to modify its Options Fee Schedule by removing outdated pricing information. This change was filed on February 24, 2025, and is effective immediately. The SEC is asking for public comments on this proposed rule change, and submissions can be sent via their website or email by March 26, 2025. All comments must be identified with the file number SR-NYSEAMER-2025-08.

The Securities and Exchange Commission (SEC) received a proposed rule change from NYSE National, Inc. on March 5, 2025, intending to adjust rules 7.31, 7.37, and 7.44. These amendments would allow optional routing strategies for specific orders on the exchange. The Commission has approved the change to be active immediately, bypassing the typical 30-day wait period, as it is deemed beneficial for investors and the public interest. The SEC is inviting public comments until April 7, 2025, regarding whether this proposed change aligns with the aims of the Securities Exchange Act of 1934.

The Nasdaq Stock Market LLC has proposed a change to its rules concerning data feeds used for handling, routing, and executing stock orders. They plan to use direct feeds from MIAX PEARL, LLC and MEMX LLC as their primary sources for market data, with CQS/UQDF as a secondary source if needed. This change aims to enhance transparency and support a fair and open market by clearly showing where Nasdaq gets its quotation data. The proposed rule change is intended to be implemented within 90 days of its effective date, and the Securities and Exchange Commission is open to public comments on this proposal until March 15, 2021.