Search Results for citation:"90 FR 11079"

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Search Results: citation:"90 FR 11079"

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2025-03334 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule To Adopt a Global Trading Hours (“GTH”) Surcharge Fee Applicable to Certain Market-Maker Transactions in Mini-SPX Index (“XSP”) Options and To Amend Certain Lead Market-Maker (“LMM”) Incentive Programs
March 03, 2025
Type:Notice
Citation:90 FR 11079
Reading Time:about 3 minutes
The Cboe Exchange, Inc. has proposed a rule change to modify its fee schedule by adding a surcharge fee for certain Market-Maker transactions in Mini-SPX Index options during Global Trading Hours. Additionally, the rule change seeks to adjust some Lead Market-Maker Incentive Programs by altering series requirements, changing quote width and size requirements, modifying rebate amounts, and revising categories related to expiry and VIX Index values. This proposal was filed with the Securities and Exchange Commission and is open for public comments until March 24, 2025. The changes aim to streamline trading operations and influence transaction costs and incentives for market participants.
Simple Explanation
Cboe Exchange, Inc. wants to change some of its rules to charge a bit more for certain trades at different times and to make some other trading adjustments, and they are asking people to share their thoughts about these changes until March 24, 2025.
2025-03350 — Order Granting Temporary Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From Certain Aspects of Rule 17ad-22(e)(6)(i) and Section 19(g)(1) of the Securities Exchange Act of 1934
March 03, 2025
Type:Notice
Citation:90 FR 11079
Reading Time:about 10 minutes
The Securities and Exchange Commission (SEC) has granted temporary relief from certain regulations for clearing agencies dealing with U.S. Treasury securities. These regulations, known as the Margin Separation Requirement, were initially set to be enforced by March 31, 2025. However, due to challenges faced by market participants in meeting the original deadline, the SEC decided to extend the compliance date to September 30, 2025. This extension allows additional time for agencies to adjust their legal, operational, and risk management systems to meet the new rules, ensuring that market stability is maintained while preventing market disruption.
Simple Explanation
The SEC is giving more time to certain financial companies to get ready for new rules about handling money related to U.S. Treasury securities, pushing the deadline from March to September 2025 to help them prepare better.

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