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2021-01941 — Program for Allocation of Regulatory Responsibilities Pursuant To Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amended Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc. and NYSE Arca, Inc.
January 29, 2021
Type:Notice
Citation:86 FR 7590
Reading Time:about 25 minutes
The Securities and Exchange Commission (SEC) approved an updated plan between the Financial Industry Regulatory Authority (FINRA) and NYSE Arca, which aims to streamline regulatory responsibilities. This plan helps avoid the duplication of regulatory tasks for companies registered with both FINRA and NYSE Arca by specifying which organization will handle what aspects of regulation. The amendment removes certain rules from the plan and is designed to improve efficiency and reduce costs for regulated firms while ensuring investors are protected. The SEC declared the plan effective to promote better coordination between the two self-regulatory organizations.
Simple Explanation
The SEC said that two groups, FINRA and NYSE Arca, will share their work to make sure businesses are following the rules, so they don’t do the same work twice, helping them save money and making sure people who invest are protected.
2025-01622 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 21.15(b) (Exchange Data Products) To Adopt Cboe Timestamping Service, Which Is a Market Data Service Comprised of Two Distinct Market Data Reports
January 23, 2025
Type:Notice
Citation:90 FR 8067
Reading Time:about 6 minutes
The Cboe EDGX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission to amend Rule 21.15(b) and introduce the Cboe Timestamping Service. This service includes two optional market data reports, the Missed Liquidity Report and the Cancels Report, which provide timestamp information about order and quote messages. The proposal has become effective immediately as it does not significantly impact investors or the public interest. Interested parties can submit comments on the proposal until February 13, 2025.
Simple Explanation
The Cboe EDGX Exchange has made a new rule that lets people get special reports with times when stock trades happen, but they don't say how much it costs. People have until February 13, 2025, to give their thoughts on this change.
2025-01546 — Self-Regulatory Organizations; LCH SA; Order Granting Approval of Proposed Rule Change by LCH SA Relating to Dealer Status
January 23, 2025
Type:Notice
Citation:90 FR 8060
Reading Time:about 18 minutes
The Securities and Exchange Commission (SEC) has approved a proposed rule change by LCH SA to amend its CDS Clearing Rule Book and Procedures. This change allows affiliates of Clearing Members to become CDS Dealers, enabling them to submit transactions on behalf of their affiliated Clearing Members. The rule aims to expand trading options for Clearing Members and streamline the clearing process by reducing the need for separate client onboarding for affiliate trades. It establishes clear criteria and a formal application process for affiliates seeking CDS Dealer status to ensure they meet necessary qualifications.
Simple Explanation
The SEC has agreed to let LCH SA allow special family members (called affiliates) of their main playing members (Clearing Members) to also play in the game of swapping something valuable (CDS). This makes it easier and faster for them to team up and play, without each new player needing a long sign-up process.

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