Search Results for keywords:"financial impact"

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Search Results: keywords:"financial impact"

  • Type:Notice
    Citation:86 FR 7914
    Reading Time:about 14 minutes

    Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

    Simple Explanation

    Cboe BYX Exchange, like a big playground for trading, decided to stop using two special fee labels because not many people used them. Instead, they'll use a simpler way to charge everyone the same fee when sending orders to a different trading playground.

  • Type:Notice
    Citation:90 FR 12425
    Reading Time:about 3 minutes

    NYSE National, Inc. has filed a proposed rule change to increase its port fees, which took effect from March 3, 2025. The Securities and Exchange Commission is requesting public comments on this proposed change to ensure its consistency with the Securities Exchange Act of 1934. Interested parties can submit their feedback through the SEC's website or via email by April 7, 2025. All submitted comments will be publicly available, so individuals are advised not to include sensitive personal information.

    Simple Explanation

    NYSE National, Inc. wants to make it more expensive for people to connect to their stock market computers starting from March 3, 2025, and they want people to say what they think about this by April 7, 2025, on a website or through email.

  • Type:Notice
    Citation:90 FR 11758
    Reading Time:about 3 minutes

    The Postal Regulatory Commission has announced a recent filing by the Postal Service regarding a negotiated service agreement. The notice invites the public to submit comments by March 13, 2025, and provides details on how to do so. This filing involves several docket numbers related to amendments and additions to various Postal Service contracts, with proceedings open for public comment as specified. The notice aims to gather public input on whether these requests align with relevant legal and regulatory policies.

    Simple Explanation

    The Postal Regulatory Commission is thinking about a new deal the Post Office wants to make. They're asking people to share their thoughts on it before March 13, 2025.

  • Type:Notice
    Citation:86 FR 11838
    Reading Time:about a minute or two

    The Department of the Treasury is announcing an opportunity for the public to comment on its information collection request regarding tax preparers. The document explains that tax preparers can use IRS Forms 8944 and 8948 to request waivers and provide explanations when not filing electronically, due to hardships. This initiative is part of complying with the Paperwork Reduction Act of 1995. Public comments are invited by March 29, 2021, and more information can be obtained by contacting Molly Stasko or visiting the website specified in the notice.

    Simple Explanation

    The Department of the Treasury is asking people to comment on forms that help tax helpers ask for special permission to submit taxes on paper instead of online if they face tough times. Think of it like asking your parents if you can turn in your homework on paper if your computer breaks.

  • Type:Notice
    Citation:86 FR 641
    Reading Time:about 12 minutes

    The NYSE American LLC has proposed a change to their options fee schedule, which involves continuing the waiver of some floor-based fixed fees. This extension is intended to assist market participants who have struggled to return to their normal operational levels on the trading floor due to COVID-19 restrictions. The fee waiver will help reduce monthly costs for firms affected by these disruptions until at least March 2021 or until the trading floor fully reopens. Additionally, this change aims to support fair competition and equitable fee allocation among its members.

    Simple Explanation

    The NYSE American is giving some businesses a break by not charging them certain fees while they try to get back to normal after COVID-19. This means these businesses won't have to pay as much money each month to keep going.

  • Type:Notice
    Citation:90 FR 9350
    Reading Time:about 3 minutes

    The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

    Simple Explanation

    The Investors Exchange (IEX) wants to change the rules about how much money people pay or get back when they trade stocks. They want people to tell them what they think about these changes by March 4, 2025.

  • Type:Notice
    Citation:86 FR 7135
    Reading Time:about 10 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change submitted by NYSE Arca, Inc. This change involves updating the fee schedule by eliminating charges and credits related to Self Trade Prevention Modifiers and Market Data Revenue Sharing Credits, as both have become obsolete. The proposal is intended to streamline the fee schedule for clarity and does not introduce any new fees. The SEC invites public comments on this proposal, encouraging interested individuals to submit their opinions by February 16, 2021.

    Simple Explanation

    NYSE Arca, a company that helps people buy and sell stocks, wants to make its rule book simpler by taking out some old fees and credits that aren't needed anymore. The people in charge want to know what others think, so they've asked for comments.

  • Type:Notice
    Citation:90 FR 12844
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) announced that the National Securities Clearing Corporation (NSCC) filed a proposed rule change to its Clearing Agency Risk Management Framework. This proposal aims to update and clarify various processes, such as the quarterly review escalation process and the annual review process regarding "done-away" clearing activity. It also involves removing references to the Systemic Risk Council and making other minor clarifications. The SEC invites the public to comment on this proposed rule change by April 9, 2025.

    Simple Explanation

    The NSCC wants to change some rules about how they manage risks, and they told the SEC about it. They are asking people to say what they think about these changes by April 9, 2025.

  • Type:Notice
    Citation:89 FR 102192
    Reading Time:less than a minute

    The Postal Service has notified that it filed a request with the Postal Regulatory Commission to add a new domestic shipping contract to the Negotiated Service Agreements list in the Mail Classification Schedule's Competitive Products List. This filing, which was done on November 29, 2024, aims to include the Priority Mail and USPS Ground Advantage Contract 488. Additional details can be found on the Postal Regulatory Commission's website under the docket numbers MC2025-539 and K2025-537. For further information, Sean Robinson can be contacted at the provided number.

    Simple Explanation

    The Postal Service wants to add a new agreement to its list that helps decide prices for sending mail and packages. They filed a request for this on November 29, 2024, and you can find more details about it online.

  • Type:Proposed Rule
    Citation:90 FR 16469
    Reading Time:about 3 minutes

    The Federal Retirement Thrift Investment Board (FRTIB) is proposing a change to the rules about how loans from the Thrift Savings Plan are managed. Currently, any interest that has already been collected on a loan must be paid off before payments can be made toward the principal and current interest. The new rule suggests that the interest be added to the principal when recalculating the loan, making the process more in line with the practices used for similar private-sector plans. This change will not significantly impact small entities or require additional reporting.

    Simple Explanation

    The Federal Retirement Thrift Investment Board wants to change a rule so that when people pay back their retirement plan loans, they put any extra interest together with the unpaid money, like stacking blocks, to make it easier for them to pay it all back.