Search Results for keywords:"Securities Exchange Act"

Cboe C2 Exchange, Inc. applied for an exemption from certain rule filing requirements of the Securities Exchange Act, allowing them to incorporate rules from the Cboe Exchange, Inc. without filing separate changes. This would help maintain consistency between Cboe C2 rules and Cboe rules, ensuring that members trading on both exchanges follow the same standards. The Securities and Exchange Commission (SEC) granted this exemption, provided that Cboe C2 notifies its members about any changes to the Cboe rules. The SEC believes this approach will save time and resources and protect investors by avoiding conflicting regulations.

The Securities and Exchange Commission has announced that the Cboe EDGA Exchange, Inc. has proposed a new rule regarding billing errors and fee disputes. Under this rule, all fees and rebates will be considered final after three calendar months. This change is designed to encourage members to review their billing statements promptly, ensuring that any errors are addressed quickly and reducing the administrative burden on the Exchange. The SEC is seeking comments from the public on this proposed change.

The Options Clearing Corporation (OCC) proposed a rule to add a margin charge to all clearing member accounts to manage risks from short-dated trading activities. This proposal was initially submitted in July 2024 and has undergone multiple amendments to address concerns and include required information. The Securities and Exchange Commission (SEC) is taking extra time to review the proposal, extending its decision deadline to April 9, 2025, to ensure that all issues are carefully considered.

Cboe BZX Exchange, Inc. has proposed a rule change to remove the Non-Displayed Add Volume Tier 5 from its Fee Schedule. This proposal was filed with the Securities and Exchange Commission (SEC) and became immediately effective under certain provisions of the Securities Exchange Act. The SEC is inviting public comments on this proposed change, which can be submitted through their website or by mail. All comments should reference the specific file number associated with this rule change.

The Securities and Exchange Commission published a notice regarding a rule change proposed by LCH SA to adjust fees for cash and securities collateral in its CDSClear clearing services. Effective April 1, 2025, subject to regulatory approval, LCH SA plans to decrease the cash collateral spread for the euro (EUR) and reduce fees for USD treasuries posted by clients, aiming to promote competition and improve liquidity. LCH SA asserts the changes are consistent with existing regulations and do not impose unnecessary burdens on competition. The Commission invites public comments on whether the rule change meets the requirements of the Securities Exchange Act.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce fees for its expanded co-location services. The rule change takes immediate effect, as allowed under specific provisions of the Securities Exchange Act. The SEC seeks public comments on this proposal, encouraging people to submit their views, data, and arguments concerning it. This feedback can be submitted through the SEC’s website or by mail, with all comments publicly accessible online.

Nasdaq BX, Inc. proposed a rule change to allow participants to use the Financial Information eXchange (FIX) protocol to submit orders to its Price Improvement Auction mechanism. This proposal was filed with the Securities and Exchange Commission (SEC) on October 27, 2020, and published for public comment on November 16, 2020. The SEC has decided to extend the review period for the proposed rule change until February 14, 2021, to have more time to consider the proposal and decide whether to approve or disapprove it. There were no public comments received about this proposal during the comment period.

The Securities and Exchange Commission (SEC) notified that they are seeking approval from the Office of Management and Budget (OMB) to extend the collection of information required under Rule 17Ad-2(c), (d), and (h) of the Securities Exchange Act. This rule requires transfer agents to notify the SEC if they fail to meet specific performance standards. Although there are 740 transfer agents, only about three such notices are filed annually, with each notice taking roughly half an hour to prepare. Interested parties can view and comment on this request through a provided online link or via email by January 30, 2025.

The Securities and Exchange Commission (SEC) is reviewing a rule change proposed by the Financial Industry Regulatory Authority (FINRA). This amendment requires FINRA members to file communications about private placement offerings that are shared with retail investors, not just the private placement memorandums or offering documents initially required. The SEC is inviting public comments to help decide whether this rule change should be approved or rejected, focusing on whether it will improve oversight of broker-dealer communications with the public. Interested individuals can submit their thoughts through specified online and paper methods by February 24, 2021.

The Nasdaq Stock Market LLC proposed a rule that would allow them to deny or impose stricter listing criteria on companies based on their auditors or if their business activities occur in countries with restrictive laws, such as those that limit information access. This proposal was submitted to the Securities and Exchange Commission (SEC), which spent several months reviewing it and considering amendments. However, on February 1, 2021, before a final decision was reached, Nasdaq chose to withdraw the proposed rule change.