Search Results for keywords:"proposed rule change"

The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange, Inc. The change involves the introduction of a new service called the Cboe Timestamping Service, which offers detailed timestamp information on orders, quotes, and cancels for market participants. This service includes two types of reports: the Missed Liquidity Report and the Cancels Report, both of which are optional and require separate fees. The Exchange has requested the Commission to allow the change to take effect immediately to offer these reports starting January 27, 2025, and the public is invited to submit comments until February 13, 2025.

The Cboe EDGX Exchange, Inc. has proposed a rule change to amend the auction response and execution price cap for AIM and SAM auctions, which are systems designed to improve pricing for securities traders. The change involves modifying Rules 21.19 and 21.21 to allow executions at prices not limited by the initial National Best Bid or Offer (NBBO), potentially providing better price improvements for orders. This proposal aims to take advantage of price movements during auctions while ensuring that orders are executed at beneficial prices, without disadvantage to market participants. The Securities and Exchange Commission is seeking public comments on this proposed rule change.

The Securities and Exchange Commission announced that the National Securities Clearing Corporation (NSCC) has proposed changes to its Operational Risk Management Framework. These updates include reflecting recent name changes within its organizational groups and clarifying some existing sections for better understanding. The changes are designed to improve the framework without impacting the competitiveness of the clearing agency. Public comments on these proposals can be submitted to the SEC until January 16, 2025.

The Nasdaq Stock Market LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to introduce a new Order Entry Protocol named "CORE FIX" or "CF." This protocol aims to simplify order handling and improve speed by using the same standard as the existing FIX protocol, but without its routing capabilities. The SEC is seeking comments from the public on this proposal, and individuals are encouraged to submit their views electronically or via mail by April 9, 2025. The complete details of this proposed rule change are available on both the Nasdaq and the SEC websites.

The New York Stock Exchange LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to modify certain sections of the NYSE Listed Company Manual, specifically concerning shareholder approval requirements and related party transactions. The SEC published this proposal in the Federal Register on January 4, 2021, but has not received any public comments. Under the rules, the SEC typically has 45 days to take action on such proposals, which in this case would have lapsed on February 18, 2021. However, they have decided to extend this period to April 4, 2021, to have more time to consider the proposed changes.

NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Teucrium Water Fund under a specific NYSE Arca rule. This proposal was published on December 14, 2020, and as of now, the SEC has not received any public comments. Originally, the SEC had 45 days to make a decision, which would have been by January 28, 2021. However, the SEC has extended the deadline to March 14, 2021, to allow more time to consider the proposal.

The Securities and Exchange Commission has announced that the BOX Exchange LLC filed a proposed rule change to extend the period that certain individuals can act as principals without having passed applicable qualification exams. This change is in response to disruptions caused by the COVID-19 pandemic, which have made it difficult for candidates to take these exams. The proposal allows those acting as principals since before January 1, 2021, to continue in their roles until April 30, 2021, without completing the exams. This temporary rule aligns with similar measures by other self-regulatory organizations and aims to maintain operational stability during the pandemic while ensuring investor protection.

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.

The Nasdaq Stock Market LLC filed a proposed rule change with the Securities and Exchange Commission (SEC) to update details regarding service providers and the basket size for the Hashdex Nasdaq Crypto Index US ETF. This rule change is intended to align with the Trust’s registration statement and does not significantly impact investor protection or competition. The SEC waived the usual 30-day delay, allowing the new rule to take effect immediately. Public comments can be submitted online or by mail, and the deadline for commenting is February 25, 2025.

The Securities and Exchange Commission (SEC) is reviewing a disapproval decision concerning a proposed rule change by The Nasdaq Stock Market LLC to increase fees for certain market data and connectivity products. Originally filed in March 2024, the rule change faced a temporary suspension by the SEC's Division of Trading and Markets, which later disapproved the proposal in November 2024. Nasdaq filed a petition to have this disapproval reviewed, and the SEC granted this request, allowing interested parties to submit statements in support of or opposition to the disapproval by March 12, 2025. The disapproval remains effective until further notice.