Search Results for agency_names:"Securities and Exchange Commission"

The Cboe C2 Exchange, Inc. has proposed a change to increase the monthly fee for 10 Gb physical connection ports from $7,500 to $8,500. This change is intended to help maintain and enhance their market technology and services and is still competitively priced compared to other exchanges. The proposed fee adjustment is justified by inflation and significant technological upgrades made by the Exchange since the current fee was set in 2018, which has improved the speed and capacity of their services. The proposal is filed under the regulations of the Securities Exchange Act of 1934, and public comments are invited on this change.

The Securities and Exchange Commission (SEC) reviewed and approved the Financial Accounting Standards Board's (FASB) 2025 annual accounting support fee. This fee is used to fund the FASB's operations, as required by the Sarbanes-Oxley Act of 2002. The Commission also checked that additional revenue sources, like publications, do not impact FASB's independence. The Office of Management and Budget decided that this fee is subject to budget cuts under the Budget Control Act of 2011, and the SEC expects collaboration with the Financial Accounting Foundation to manage these cuts effectively.

The Securities and Exchange Commission (SEC) has asked for approval from the Office of Management and Budget (OMB) to extend a rule that requires around 9,500 organizations in the securities industry to report missing, lost, or fake securities certificates. These reports are made using Form X-17F-1A and help maintain a database that tracks these securities issues. The estimated total reporting burden is 2,937.5 hours, as Accenture Federal Services LLC is now operating the Lost and Stolen Securities Program. The public can submit comments on this request from December 3, 2024, to January 2, 2025.

The Securities and Exchange Commission has received a proposal from Nasdaq BX to change how they handle the Options Regulatory Fee (ORF) starting on January 1, 2025. The change will adjust how fees are collected from different kinds of option transactions to better match the costs of regulation. Specifically, the proposal distinguishes between local and away trades and sets different fees for these categories. Nasdaq BX aims to ensure that these fees do not exceed 88% of the actual regulatory costs, and plans to revert to the previous fee system by July 1, 2025, unless further changes are made.

Nasdaq PHLX LLC has proposed a new rule to establish fees for expanded co-location services at its data center in Carteret, NJ, as filed with the Securities and Exchange Commission. The proposal introduces a range of fees for new Ultra High Density Cabinets, cabinet installation, and power distribution units (PDUs) in the expanded facility, known as NY11-4. These changes are intended to reflect the costs and operational efficiencies of supporting higher density power options. The fees, which are consistent with market rates, are meant to cover the increased costs and provide flexibility for customers in managing their connections to the exchange.

The Securities and Exchange Commission (SEC) approved a rule change proposed by Cboe Exchange, Inc., concerning auction notification messages and index combo orders in SPX, which is a type of options trading based on the S&P 500 Index. This rule modifies the minimum price increments for these orders in electronic auctions, aiming to align them with trading done on the floor for consistency and fair price improvement. The change is intended to make sure investors placing large or complex SPX options can receive better price improvements and more transparent pricing information during electronic auctions. The overall goal is to promote competition and provide improved opportunities for investors in electronic and floor-based trading environments.

The Securities and Exchange Commission issued a notice in the Federal Register on December 27, 2024, addressing a typographical error in a previous document related to the Submission for OMB Review concerning Regulation BTR. The correction specifies that the erroneous reference to a URL in the document should be updated with the correct one. This correction was officially dated December 30, 2024, and is filed under FR Doc. 2024-31577.

The Securities and Exchange Commission (SEC) has requested an extension for the collection of information related to Form PF from the Office of Management and Budget, as required by the Paperwork Reduction Act. Form PF is used by private fund advisers with significant assets under management to report certain information to facilitate the monitoring of systemic risk in the private fund industry. The SEC divides these advisers into two groups: Large Private Fund Advisers and smaller private fund advisers, and estimates varying annual burden hours for each group based on their size and filing history. Public comments on the information collection can be submitted within 30 days of the notice's publication.

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 Securities and Exchange Commission published a notice regarding a proposed change submitted by the NYSE American LLC. The change aims to update the NYSE American Options Fee Schedule by modifying the Floor Broker Fixed Cost Prepayment Incentive Program. This includes changes like increasing required volumes for certain credits and introducing new rebates. The proposal, filed on January 15, 2025, is intended to take immediate effect, and the Commission is seeking public comments on this proposal by February 13, 2025.