Search Results for agency_names:"Securities and Exchange Commission"

The Securities and Exchange Commission (SEC) is seeking public comments on changes to the way investment companies advertise their performance to potential investors. The proposed changes, known as Rule 482, aim to ensure that advertisements provide balanced and informative information about investment objectives, risks, charges, and past performance, which may not guarantee future results. Additionally, the rule would align risk statements in advertisements with those required in official prospectuses, particularly for money market funds. Comments on the proposed changes are invited until March 24, 2025.

Nasdaq PHLX LLC proposed changes to lower the Options Regulatory Fee (ORF) starting in 2025. From November 1, 2024, to December 31, 2024, they plan to reduce the ORF fee from $0.0034 to $0.0022 per contract. Beginning January 1, 2025, the methodology for assessing ORF will change to include different rates for options traded on different exchanges, with new rates applied to various transactions except those by market makers. The proposal aims to ensure that the fees collected cover regulatory costs without exceeding them.

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.

On February 10, 2025, NYSE Arca, Inc. submitted a proposal to the Securities and Exchange Commission to list and trade shares of the Grayscale Cardano Trust (ADA) under the exchange's commodity-based trust regulations. This proposal, updated by a second amendment on February 20, 2025, outlines the purpose and operation of the trust, emphasizing the roles of entities like Grayscale Investments and Coinbase Custody. The Cardano Trust functions by holding Cardano (ADA) digital assets and is designed as a cost-effective way for investors to gain exposure to ADA without holding the asset directly. The proposal includes details on the Cardano network, the trust's operation, rules for creating and redeeming trust shares, and the security protocols for storing digital asset keys.

The NYSE Arca, Inc. has proposed a rule change to extend its trading hours. This amendment suggests that the trading sessions on Monday through Thursday will run from 1:30 a.m. Eastern Time to 11:30 p.m. Eastern Time, and on Friday, from 1:30 a.m. Eastern Time to 8:00 p.m. Eastern Time. The goal is to make markets more accessible and increase trading opportunities for investors. Additionally, the proposal includes new disclosures about the risks associated with trading during these extended hours.

The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. The change is to introduce a new fee for market participants who want to use a direct connection to the Exchange's testing systems. This proposal was filed on January 14, 2025, and is immediately effective. The SEC is inviting comments from the public on this proposed change until February 21, 2025.

The Securities and Exchange Commission (SEC) has approved changes proposed by ICE Clear Credit LLC to improve governance practices. The changes involve amending the Governance Playbook and Operating Agreement to create a Nominating Committee. This committee will evaluate the independence and qualifications of individuals being proposed for the board to ensure fair management. These updates aim to meet new regulatory requirements and enhance the organization's governance by minimizing conflicts of interest.

The Securities and Exchange Commission had announced a closed meeting that was supposed to happen on Tuesday, February 9, 2021, at 5:00 p.m., as previously published in the Federal Register. However, this meeting has been cancelled. For any further information, Vanessa A. Countryman from the Office of the Secretary can be contacted at (202) 551-5400.

Nasdaq PHLX LLC has proposed a rule change to reorganize its PSX equity and general rules by moving them into a new Rulebook shell. This reorganization is part of an effort to make the Rulebook easier to use and more consistent across Nasdaq's affiliated exchanges. The proposed changes include updating rule references, removing outdated rules, and making minor technical corrections. The Securities and Exchange Commission has allowed this proposal to take effect immediately to facilitate a more streamlined rule management process.

The Cboe Exchange, Inc. filed a proposal to change its fee structure regarding expiring fee waivers and incentive programs, effective January 4, 2021. The proposed changes include adjusting the incentive programs for market makers in specific index options, like MSCI EAFE (MXEA) and Emerging Markets (MXEF), and increasing financial incentives for quoting in S&P 500 (SPX) options during global trading hours. Additionally, the proposal plans to remove expired incentives related to the FTSE 100 Mini Index (UKXM) options. These changes aim to encourage liquidity and active markets, benefiting overall market quality to the advantage of all participants.