Search Results for keywords:"rule change proposal"

The Postal Service is proposing a change to its rules on when customers can apply for extra service refunds. Currently, customers must apply for a refund on extra services for Priority Mail Express within 10 to 30 days of purchasing the service, and for other mail classes within 10 to 60 days. The new proposal suggests extending these time limits to 30 to 60 days for Priority Mail Express, while other mail classes would allow applications from 30 days after purchase. This change aims to create a more efficient process and consistently applied refund timelines. Public comments on this proposal are invited until February 8, 2021.

The Nasdaq Stock Market LLC has proposed a rule change to amend its pricing schedule for certain market makers involved in removing liquidity from the market for penny stocks. This proposal was filed with the Securities and Exchange Commission (SEC) and is designed to lower the percentage requirements for specific incentives available to market makers. This rule change has been designated for immediate effect, though the SEC is soliciting public comments on it. Interested parties can submit their opinions online or via mail to the SEC before March 12, 2025.

NYSE Arca, Inc. has proposed a rule change to allow for the listing and trading of shares of the Grayscale Litecoin Trust under its new rule, 8.201-E, which covers Commodity-Based Trust Shares. This proposal aims to turn the Grayscale Litecoin Trust into an exchange-traded product, making it easier for investors to gain exposure to Litecoin (LTC) on a regulated exchange. The Trust currently holds about $215.4 million worth of LTC and is the largest LTC investment fund, which allows investors to engage without directly purchasing the cryptocurrency. The Securities and Exchange Commission is soliciting public feedback on the proposed rule change.

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 (SEC) is reviewing a rule change proposed by NYSE American, LLC. The proposal suggests temporarily waiving the Options Regulatory Fee (ORF) for December 2024, aiming to prevent fee collections from exceeding regulatory costs. The fee would resume on January 1, 2025, at the same rate. The SEC temporarily suspended this proposal to allow more time for public feedback and further evaluation of its consistency with relevant laws and fairness in terms of fee allocation.