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The Fixed Income Clearing Corporation (FICC) has proposed rule changes to update its regulations concerning voluntary withdrawal provisions for certain members, specifically those who have not used its services for at least six months and with whom the FICC has had no recent contact. This proposal was submitted to the Securities and Exchange Commission (SEC) on January 13, 2025, and is considered effective immediately under specified conditions, as it does not significantly impact investor protection or competition. The SEC is now open to public comments on this amendment, and feedback can be submitted via their online platform or through mail by February 19, 2025.

Cboe EDGX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its monthly fee for Purge Ports, effective January 2, 2025. This change was filed under the Securities Exchange Act of 1934 and has been marked for immediate effectiveness. The SEC is seeking public comments on whether this proposed rule change aligns with the Act. Comments can be submitted electronically or via mail by referring to file number SR-CboeEDGX-2024-087 before January 29, 2025.

The Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to allow trading options on the Grayscale Ethereum Trust ETF, the Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The proposal aims to modify existing rules to enable these options, offering investors the opportunity to explore Ethereum's price movements in a more regulated setting. These Ethereum-based ETFs will operate similarly to other commodity ETFs already trading on the exchange, like those based on Bitcoin. The SEC is seeking public comments on this proposal, particularly regarding its consistency with securities laws.

The Securities and Exchange Commission (SEC) announced that LCH SA, a clearing agency, has proposed changes to its CDSClear fee grid for commercial air conditioning and heating equipment. The adjustments include increasing the annual fixed fee for General Members and altering fees for both General and Select Members under different conditions. Additionally, LCH SA introduces new fee structures for Options clearing services, aiming to make options clearing more attractive and equitable for all parties involved. The SEC invites comments from the public on these proposed changes.

The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC has filed a proposal to amend its Fee Schedule for the upcoming year, 2025. The proposed changes involve establishing a new fee system called CAT Fee 2025-1, which sets the fee at $0.000022 per executed equivalent share. This fee helps cover the costs associated with the Consolidated Audit Trail (CAT), a system that tracks trading activity in the national market. The CAT Fee 2025-1 is intended to replace the previous CAT Fee 2024-1, which had a higher rate, and will be in effect for six months to cover half of the budgeted CAT costs. Interested parties are invited to submit comments on these changes by January 29, 2025.

In August 2024, Cboe Exchange proposed a rule change to the Securities and Exchange Commission (SEC) to allow the trading of options on an Ethereum-based product called the Fidelity Ethereum Fund. After reviewing the proposal and receiving comments, the SEC extended its review period to ensure ample time for consideration, setting a deadline of May 2, 2025, to make a decision on whether to approve or disapprove the rule change. The proposal had already been adjusted through an amendment to focus only on the Fidelity Ethereum Fund, limiting the scope and setting specific trading rules for the options.

The Securities and Exchange Commission approved a rule change proposed by The Nasdaq Stock Market LLC. This change amends Nasdaq's rules about reserve orders, which allow for certain orders to display a smaller size and replenish from an undisclosed reserve. The update clarifies how the reserve orders function when there are conflicting conditions in the Nasdaq book, ensuring they act as liquidity providers. This modification aims to remove any ambiguity and increase transparency and certainty in how reserve orders are processed.

The Federal Reserve System has made a correction to the definition of "eligible retained income" in its capital rule, which affects how banks calculate limits on capital distributions and bonuses. This change clarifies inconsistencies introduced by the stress capital buffer rule and aligns with definitions set in previous rules from March and October 2020. The corrected rule is effective from January 15, 2021. For more details, contact the legal team at the Federal Reserve using the provided phone numbers.

The NYSE American LLC has notified the Securities and Exchange Commission (SEC) about a change to its fee structure for the NYSE American Options. This change aims to adjust the Floor Broker Fixed Cost Prepayment Incentive Program by lowering one of the manual billable qualification thresholds, introducing a new combined manual billable and QCC billable qualification threshold, and introducing a trial incentive for certain manual executions. These modifications are intended to take effect on March 7, 2025. The SEC is inviting public comments on this proposed rule change by April 7, 2025.

The Cboe BZX Exchange, Inc. has proposed a change to allow the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF to enable in-kind creations and redemptions. Instead of dealing solely in cash, investors can now create or redeem shares using bitcoin or ether, which potentially enhances market efficiency. This change aims to reduce the impact of these transactions on the market by letting participants manage how they acquire or dispose of crypto assets. The proposal is under review by the Securities and Exchange Commission, which is seeking public feedback.