Search Results for keywords:"Securities and Exchange Commission"

The Nasdaq Stock Market LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update the definitions of “class” and “series” in its Nasdaq Options Market LLC rules. This change is intended to align these terms with those used by affiliated exchanges. The proposal was filed on December 20, 2024, and has been designated for immediate effectiveness. The public is invited to submit comments on this proposal, which can be done electronically or by paper, until January 29, 2025.

The Cboe EDGX Exchange, Inc. proposed changes to its Fee Schedule related to Add/Remove Volume Tiers. These updates include adjusting criteria for different tiers and raising certain rebates to incentivize members to increase their trading activity on the exchange. The goal is to enhance market quality by encouraging more order flow, ultimately benefiting all market participants. The Securities and Exchange Commission (SEC) is inviting public comments on this 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.

MIAX Sapphire, LLC, a self-regulatory organization, has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its billing system. The change would allow MIAX Sapphire members to provide alternative payment instructions for direct debit processes, instead of using a Clearing Member's account as currently required. This aims to offer flexibility for members who face operational challenges with the existing system. The SEC is seeking public comments on this proposal and may expedite its effectiveness if it serves the public interest.

Nasdaq ISE, LLC is introducing a rule change to simplify its membership rules by incorporating the membership policies of The Nasdaq Stock Market LLC. This move aims to harmonize the rules across affiliated exchanges like Nasdaq and BX to create a consistent and efficient process for membership applications. Existing rules will apply to applications submitted before the new rules take effect, and the transition will be managed orderly to avoid confusion. The Securities and Exchange Commission is inviting public comments on this proposal.

The Securities and Exchange Commission (SEC) has extended the deadline for smaller broker-dealers to file their annual reports by 30 days, due to challenges these firms face in securing audit services within the crowded audit season following the fiscal year end. According to FINRA, this extra time will help alleviate the pressure on smaller broker-dealers, who often rely on manual processes and face limited availability of independent auditors. The extension is available to broker-dealers who meet specific conditions, such as having less than $50 million in capital and liabilities, being in compliance with certain rules, and using electronic filing to submit reports. This move aims to ensure quality in financial reporting without compromising investor protections.

The Securities and Exchange Commission announced a proposed rule change by the Fixed Income Clearing Corporation (FICC), which involves updates to its Operational Risk Management Framework. This change aims to reflect recent name changes of groups within the structure and to incorporate nonmaterial edits for clarity. The modifications do not seem to affect competition and intend to enhance the framework's clarity and comprehensiveness. The SEC is seeking comments from the public on the proposed updates by January 16, 2025.

The Securities and Exchange Commission has received a proposal from Nasdaq BX to change how they handle the Options Regulatory Fee (ORF) starting on January 1, 2025. The change will adjust how fees are collected from different kinds of option transactions to better match the costs of regulation. Specifically, the proposal distinguishes between local and away trades and sets different fees for these categories. Nasdaq BX aims to ensure that these fees do not exceed 88% of the actual regulatory costs, and plans to revert to the previous fee system by July 1, 2025, unless further changes are made.

Cboe EDGX Exchange, Inc. has proposed a change to its fee schedule, specifically increasing the cost of 10 gigabit (Gb) physical connectivity ports from $7,500 to $8,500 per month. This fee adjustment is intended to support the maintenance and improvement of market technology and services while staying competitive compared to fees charged by other exchanges. The proposed change is also meant to reflect inflation and investments the Exchange has made since the last fee adjustment in 2018. The Securities and Exchange Commission is seeking public comments on this proposal until January 21, 2025.

The Securities and Exchange Commission (SEC) received a proposed rule change from the Miami International Securities Exchange, LLC. This change aims to modify Exchange Rule 402 to allow the listing and trading of options on Commodity-Based Trust Shares. The SEC decided to extend the time they have to make a decision on this rule change to June 17, 2025, to ensure they have enough time to consider it thoroughly. No comments on this proposal have been received from the public so far.