Search Results for citation:"90 FR 12588"

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Search Results: citation:"90 FR 12588"

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  • 2025-04352 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options
    Type:Notice
    Citation:90 FR 12588
    Reading Time:about a minute or two

    Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

    Simple Explanation

    Nasdaq wants to create a new way for people to trade things like pretend money called Bitcoin, and they asked a group called the SEC if that's okay. The SEC needs more time to think about it, so they moved their decision date to May 25, 2025, to decide if that’s a good idea.

  • 2025-04342 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule Equity 7, Section 3
    Type:Notice
    Citation:90 FR 12588
    Reading Time:about 3 minutes

    The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.

    Simple Explanation

    Nasdaq PHLX wants to stop giving extra money to companies that help other people buy and sell things with them. The big bosses are checking to see if this is okay and want to know what people think by April 8, 2025.