Search Results for citation:"90 FR 12870"

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Search Results: citation:"90 FR 12870"

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  • 2025-04511 — Self-Regulatory Organizations; Notice of Filing of a Proposed Rule Change, as Modified by Partial Amendment No. 1, by Miami International Securities Exchange, LLC To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 12870
    Reading Time:about 31 minutes

    The Securities and Exchange Commission has announced that the Miami International Securities Exchange is proposing a change to its rules that would allow the listing and trading of options on Commodity-Based Trust Shares. These trust shares represent interests in a trust that holds specific commodities and sometimes cash, similar to how some ETFs work. The purpose of the change is to make it easier and faster to list options on these trust shares once they have met initial criteria without needing further approvals. This proposal is part of a competitive effort alongside other exchanges like Nasdaq, NYSE, and Cboe, and aims to increase investment options for market participants while promoting competition and consistency in the rules for trading such options.

    Simple Explanation

    The Miami International Securities Exchange wants to make it easier to buy and sell special options related to certain goods, like gold or oil, by updating their rules. This change would let them offer these options quicker without needing extra approval every time, helping more people join the fun of trading these goods, just like when you trade collectible cards.

  • 2025-04507 — Self-Regulatory Organizations; Fixed Income Clearing Corporation (“FICC”); Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Clearing Agency Risk Management Framework
    Type:Notice
    Citation:90 FR 12870
    Reading Time:about 3 minutes

    The Fixed Income Clearing Corporation (FICC) has proposed changes to its Risk Management Framework, affecting it and its affiliates, like The Depository Trust Company and National Securities Clearing Corporation. These changes aim to clarify and update procedures related to quarterly and annual reviews and remove references to the Systemic Risk Council. The Securities and Exchange Commission is seeking public comments on these proposed amendments, which can be submitted electronically or in writing by April 9, 2025. All comments will be publicly available on the SEC's website, although obscene or copyrighted material may be redacted or withheld.

    Simple Explanation

    The Fixed Income Clearing Corporation wants to update its rules to check its work regularly and remove some old, unused parts. The Securities and Exchange Commission wants people to share their thoughts about these changes before a certain date.