Search Results for keywords:"SEC exemption"

The Cboe Exchange, Inc. has proposed a rule change to align its compliance rules with an exemption granted by the Securities and Exchange Commission (SEC). This exemption pertains to how industry members report allocation details when shares or contracts are distributed into different accounts. The updated rule will simplify reporting requirements for industry members who manage these allocations without impacting the regulatory utility of the reported data. The intent is to reduce burdens and costs for brokers by having the entity with the necessary information submit the allocation report.

Cboe EDGX Exchange, Inc. has proposed changes to its compliance rules to align with an exemption from certain allocation reporting requirements granted by the Securities and Exchange Commission (SEC). This involves adjusting how the Exchange handles allocation reports by requiring brokers that perform allocations to client accounts to submit these reports. The goal is to simplify reporting obligations, reduce costs for brokers, and ensure that relevant trading data is efficiently reported without burdening brokers who don't perform allocations. The proposed changes aim to maintain regulatory effectiveness while making the process more practical for industry members.