Search Results for keywords:"competition burden"

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Search Results: keywords:"competition burden"

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  • 2025-05208 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change Relating to a Participant System Disruption
    Type:Notice
    Citation:90 FR 13942
    Reading Time:about 47 minutes

    The Securities and Exchange Commission has released a notice about a proposed rule change by the Fixed Income Clearing Corporation (FICC) relating to disruptions caused by participants in its systems. The key changes include updating definitions, clarifying notification requirements for system disruptions, and setting new procedures for reconnecting participants after disruptions. These revisions aim to enhance the management of system risks, improve transparency, and ensure that reconnections are safe. The proposed changes are intended to support the accurate and efficient processing of securities transactions and safeguard the systems.

    Simple Explanation

    The Securities and Exchange Commission wants to make sure that if there's a problem with someone using the system for trading bonds, there are clear rules to fix it quickly and safely. This helps keep everything working smoothly and keeps the system safe.

  • 2021-03948 — Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Compliance Date of Amended Form G-32
    Type:Notice
    Citation:86 FR 11817
    Reading Time:about 11 minutes

    The Securities and Exchange Commission has announced that the Municipal Securities Rulemaking Board (MSRB) filed a proposed rule change to extend the compliance date for changes to Form G-32. Originally set for March 31, 2021, the compliance deadline has been moved to August 2, 2021, giving brokers and dealers more time to adapt to the updates due to ongoing COVID-19 disruptions. The proposed change is considered "noncontroversial," thus it becomes effective upon filing. The MSRB believes this extension will help brokers and dealers better allocate resources to implement new compliance processes and training.

    Simple Explanation

    The Securities and Exchange Commission is letting people have more time until August 2, 2021, instead of March 31, 2021, to get ready for new rules because the ongoing COVID-19 makes it tough to do so quickly. This change is simple and doesn't cause any big problems.

  • 2021-00196 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 11.8(b) Relating to the Handling of Limit Orders When the National Best Bid or Offer Is Not Available
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    Type:Notice
    Citation:86 FR 2018
    Reading Time:about 14 minutes

    The Securities and Exchange Commission has released a notice regarding a proposed rule change by MEMX LLC. The change involves amending a rule to allow MEMX to handle limit orders even when the national best bid or offer (NBBO) is not available, arguing that this will enhance market liquidity and benefit members by enabling the submission of orders that could help establish the NBBO. Unlike market orders, limit orders have a specific price limit set by the user, minimizing the risk of unintended prices due to NBBO unavailability. The Commission has waived the usual delay for the proposal to become operative, allowing it to take immediate effect. Critics or supporters of this change can submit their comments to the Commission as outlined in the notice.

    Simple Explanation

    The SEC says that a company that helps people buy and sell stocks, called MEMX, wants to change a rule so it can handle special types of buying orders, called limit orders, even when the best price to buy or sell isn't clear. This change is aimed at helping the system work better and allowing more people to buy and sell shares at prices they choose.