Search Results for keywords:"financial regulation"

The Securities and Exchange Commission (SEC) received a proposed rule change from MIAX PEARL, LLC, to allow trading options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. This proposal comes as a response to similar competitive offerings approved by the NYSE American. MIAX Pearl argues that these changes will offer investors a lower-cost tool for managing risks and gaining exposure to Ethereum prices. The SEC aims to ensure this new trading option is in line with its rules designed to prevent fraud and maintain fair trading practices.

The Securities and Exchange Commission has released a notice about a proposed rule change by the Fixed Income Clearing Corporation (FICC) relating to disruptions caused by participants in its systems. The key changes include updating definitions, clarifying notification requirements for system disruptions, and setting new procedures for reconnecting participants after disruptions. These revisions aim to enhance the management of system risks, improve transparency, and ensure that reconnections are safe. The proposed changes are intended to support the accurate and efficient processing of securities transactions and safeguard the systems.

Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

The Federal Housing Finance Agency (FHFA) has updated the cap on average total assets that determines if a Federal Home Loan Bank member qualifies as a "community financial institution" (CFI) to $1,239,000,000. This adjustment is based on the 1.2% increase in the Consumer Price Index for all urban consumers (CPI-U) from November 2019 to November 2020, as published by the Department of Labor. The changes took effect on January 1, 2021. The aim of the adjustment is to reflect inflation and ensure that the cap is in line with current economic conditions.

The Cboe BZX Exchange, Inc. has proposed changes to the rules governing the Fidelity Wise Origin Bitcoin Fund and the Fidelity Ethereum Fund to allow for in-kind creation and redemption of shares. Previously, transactions could only be handled in cash, but now they can also be done using bitcoin or ether, depending on the fund, which is aimed at making the process more efficient for participants. The proposal emphasizes that these changes are intended to be beneficial by letting authorized participants handle the purchase and sale of the digital currencies themselves. This proposed rule change will be reviewed by the Securities and Exchange Commission, and comments from the public are being solicited until March 18, 2025.

The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

The Miami International Securities Exchange, LLC (MIAX) filed a proposed rule with the Securities and Exchange Commission (SEC) to introduce a new fee structure for accessing its testing systems environment through a dedicated cross connection. Starting December 1, 2024, MIAX plans to charge $1,000 per month for this access, regardless of whether users choose a 1Gb or 10Gb connection. While VPN access to the testing system remains free, the dedicated connection offers an optional, premium way to connect for users who may find it more suitable for their needs. The proposed fee aligns with or is lower than similar charges imposed by other exchanges for comparable services.

The Securities and Exchange Commission is reviewing a proposed rule change from Cboe BYX Exchange, Inc. This change would allow users to use match trade prevention when they enter periodic auction orders on the exchange. The Commission has decided to extend the decision deadline to February 16, 2025, to have enough time to consider the proposal, which includes modifications made in Amendment No. 1. This extension ensures the Commission can make a well-informed decision on whether to approve or disapprove the rule change.

The Securities and Exchange Commission (SEC) has issued a notice regarding an application from HarbourVest Private Investments Fund and HarbourVest Registered Advisers L.P. for certain exemptions under the Investment Company Act of 1940. This application seeks permission for certain registered closed-end investment companies to issue multiple classes of shares and to charge early withdrawal fees and asset-based distribution or service fees. The application was filed on November 8, 2024, and interested parties can request a hearing by contacting the SEC by January 3, 2025. Further information and the application details can be accessed on the SEC's website or by contacting the SEC's Public Reference Room.

MIAX EMERALD, LLC filed a proposed rule change with the Securities and Exchange Commission on December 20, 2024. This proposal seeks to establish a fee discount program for the Open-Close Report in the MIAX Emerald Options Exchange Fee Schedule. The Exchange has designated the proposal for immediate effectiveness, but the Commission has the authority to suspend it within 60 days if deemed necessary for public interest or investor protection. The Commission invites public comments on the proposal by January 29, 2025, and comments can be submitted electronically or on paper.