Search Results for keywords:"Securities Exchange Act"

Nasdaq BX, Inc. proposed a rule change to allow participants to use the Financial Information eXchange (FIX) protocol to submit orders to its Price Improvement Auction mechanism. This proposal was filed with the Securities and Exchange Commission (SEC) on October 27, 2020, and published for public comment on November 16, 2020. The SEC has decided to extend the review period for the proposed rule change until February 14, 2021, to have more time to consider the proposal and decide whether to approve or disapprove it. There were no public comments received about this proposal during the comment period.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce fees for its expanded co-location services. The rule change takes immediate effect, as allowed under specific provisions of the Securities Exchange Act. The SEC seeks public comments on this proposal, encouraging people to submit their views, data, and arguments concerning it. This feedback can be submitted through the SEC’s website or by mail, with all comments publicly accessible online.

The Securities and Exchange Commission (SEC) is reviewing a proposal by Cboe Exchange, Inc. to allow a new type of order that includes both options and futures, known as "future-option orders." The proposal was initially filed in September 2024 and has undergone various stages of review. The SEC decided to give themselves more time—until June 5, 2025—to make a final decision to approve or disapprove this rule change. This extension allows the SEC to thoroughly consider the proposal and any feedback received.

The Nasdaq Stock Market LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) seeking to introduce new listing rules focused on board diversity. This proposal was initially shared for public comment in December 2020. By law, the SEC has a specific timeframe in which to evaluate such proposals. Due to the need for more time to assess the rule change and review public comments, the SEC has extended its decision deadline to March 11, 2021.

The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to increase the monthly fee for 10 Gb physical ports. This proposal was filed on February 14, 2025, and is intended to be effective immediately. The SEC invites public comments on whether this change aligns with the Securities Exchange Act, and comments must be submitted by March 27, 2025. The full details of the proposed rule change can be accessed on both the SEC and the Exchange's websites.

The New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and Exchange Commission (SEC). This change involves removing the maximum fee rates for processing and forwarding proxy materials to stock owners and required member organizations to follow fee schedules set by other securities organizations. The SEC had a 45-day period to take action on this rule change after it was published, initially expiring on February 4, 2021. However, the SEC extended this period to March 21, 2021, to allow more time to consider the proposal and the comments received.

The Securities and Exchange Commission is considering a proposal by NYSE National, Inc. to establish procedures for allocating power to its co-located users. As high demand for power has arisen due to market volatility, NYSE National plans to expand power capacity and make it available for users. The proposed changes include setting limits on power and cabinet purchases and implementing a waitlist if supplies run low. This aims to manage resources fairly among users and ensure everyone has a chance to access the needed power and cabinet space.

The Securities and Exchange Commission (SEC) is informing the public about a new rule proposal from NYSE Arca, Inc. This rule suggests increasing the fees for port services and removing outdated language from their Fee Schedule, effective March 3, 2025. The SEC invites public comments on the rule change and provides instructions on how to submit these comments online or via email. All comments will be publicly available on the SEC's website.

On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

The Securities and Exchange Commission (SEC) is inviting public comments on its information collection process under Rules 6a-1 and 6a-2 and Form 1 as required by the Paperwork Reduction Act. These rules require new national securities exchanges to submit applications and updates to ensure compliance with the Securities Exchange Act. The SEC estimates a total annual burden of approximately 8,030 hours on these exchanges for their filings. Public comments on this matter are requested by February 11, 2025, and should focus on the necessity, accuracy, and efficiency of this information collection.