Search Results for keywords:"Securities and Exchange Commission"

The Securities and Exchange Commission (SEC) is considering an application from Fidelity Covington Trust and others to amend a prior order, allowing certain funds to expand their investment options beyond what's currently permitted. The proposal suggests that these funds be able to invest in additional securities, such as fixed income and foreign investments, while adhering to new disclosure requirements to ensure transparency. The application argues that the flexibility in investments would not lead to confusion among investors and wouldn't negatively affect the fund's performance or operations. If granted, the new order would continue to meet the regulatory standards needed for exemption under various sections of the Investment Company Act.

On November 19, 2024, MIAX Emerald, LLC filed a proposed minor rule violation plan (MRVP) with the Securities and Exchange Commission (SEC). This plan allows the exchange to address certain rule violations with fines not exceeding $2,500, without having to report these minor infractions immediately to the SEC. Instead, the exchange will provide a quarterly report detailing such violations. The SEC found this proposal meets public interest standards and enables the exchange to manage oversight responsibilities more efficiently.

The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by Cboe EDGX Exchange, Inc., to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. These proposed ETFs, backed by Ethereum, aim to give investors a more straightforward method to invest in Ethereum without handling the cryptocurrency directly. The rule change seeks to establish guidelines on listing, trading specifications, position and exercise limits, and ensures these options meet existing trading regulations. The SEC is open to public comments on this proposal as part of its decision-making process.

The Options Clearing Corporation (OCC) is proposing changes to its rules and policies to introduce a persistent minimum amount of its own financial resources, known as "skin-in-the-game," to be used in covering losses if any member defaults. The OCC's new proposal aims to ensure this minimum amount is always available before tapping into members' clearing fund contributions. This effort is part of their broader plan to enhance financial stability and align their operations with global standards. Additionally, the changes are intended to improve risk management processes and ensure the OCC meets its regulatory obligations.

The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) for approval to extend a rule under the Paperwork Reduction Act. This rule, referred to as Rule 15a-6, allows foreign broker-dealers to perform certain activities with U.S. institutional investors without registering as broker-dealers, provided they meet specific requirements. The SEC estimates that complying with this rule will take U.S. broker-dealers about 6,000 hours annually and cost around $1,000,000 per year. The public can review and comment on this information collection request until March 31, 2025.

Cboe C2 Exchange, Inc. submitted a proposal to the Securities and Exchange Commission (SEC) on February 13, 2025, to amend its fee schedule by introducing fees for Cboe Timestamping Service reports. This proposal was filed under Section 19(b)(1) of the Securities Exchange Act of 1934 and is deemed immediately effective. The SEC is now seeking public comments on the proposed changes, which can be submitted via the Commission's website or by email until March 18, 2025.

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4). This rule pertains to Commodity-Based Trust Shares. The Exchange suggests that Solana (SOL) is resistant to price manipulation and highlights the regulation's aim to create a safer and more transparent investment option for U.S. investors, addressing manipulation concerns and ensuring compliance with the Act. The SEC invites public comments on this proposal before making a decision to approve or disapprove it.

The Securities and Exchange Commission (SEC) has announced that on February 27, 2025, NYSE Arca, Inc. filed a proposed rule change to amend its Connectivity Fee Schedule. The change reflects the renaming of NYSE Chicago, Inc. to NYSE Texas, Inc. This proposal has been designated for immediate effectiveness, meaning it does not significantly affect investor protection or competition and will take effect immediately to align with a related rule change by NYSE Chicago. The SEC is inviting public comments on this proposal to ensure it is consistent with existing regulations.

The Securities and Exchange Commission is reviewing a proposal from The Depository Trust Company (DTC) to amend its rules regarding disruptions to participant systems. These changes aim to clarify definitions, improve notification procedures, and update governance for handling major disruptions. The proposed adjustments also include new requirements for reporting and system "reconnection" after a disruption. The DTC hopes these updates will enhance the ability to manage risks and ensure smoother operation during system interruptions.

On January 28, 2025, Cboe BZX Exchange, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Bitwise Solana ETF. The SEC announced that it needs more time to evaluate this proposal and has extended the deadline for its decision from April 4, 2025, to May 19, 2025. This extension aims to give the SEC enough time to consider the proposal and any issues it presents. The proposed rule change was initially published for public comment on February 18, 2025.