Search Results for keywords:"corporate governance"

The Securities and Exchange Commission (SEC) has granted Green Impact Exchange, LLC (GIX) approval to register as a national securities exchange. GIX will be responsible for its trading system's regulations and oversight, although some regulatory functions will be outsourced to the Financial Industry Regulatory Authority (FINRA) through a regulatory services agreement. The exchange will operate as an electronic trading platform without a physical trading floor, and its corporate governance and ownership structures align with industry standards to maintain independence and meet SEC requirements. Additionally, GIX plans to utilize technology provided by MEMX Technologies to facilitate trading operations while ensuring compliance with federal securities laws.

MIAX Emerald, LLC has proposed changes to its By-Laws, which were filed with the Securities and Exchange Commission (SEC) on January 10, 2025. The changes include removing the need for a Compensation Committee and a Quality of Markets Committee on the Board and updating how the Regulatory Oversight Committee decides the compensation and personnel actions for the Chief Regulatory Officer. The proposal is designed for immediate effectiveness, and the SEC is inviting public comments on these changes. The full text of the proposed changes can be accessed on MIAX Emerald's and the Commission's websites.

The Miami International Securities Exchange, LLC (MIAX) has proposed changes to its By-Laws. The amendments involve removing the requirement for a Compensation and a Quality of Markets Committee within the Board, updating processes for determining the compensation and personnel actions involving the Chief Regulatory Officer, and making clarifying changes. These changes have been filed with the Securities and Exchange Commission and are effective immediately. MIAX invites the public to submit comments about these proposed changes using various online or mailing methods.

The Nasdaq Stock Market LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to remove its requirement for board diversity disclosures. This move comes after a federal court overturned the SEC's previous order that had approved these rules. Nasdaq requested that the usual 30-day waiting period be waived so that the change could take effect immediately, in sync with the court's decision on February 4, 2025. The SEC is inviting the public to submit comments on this proposed rule change until February 20, 2025.

The Federal Deposit Insurance Corporation (FDIC) is withdrawing its proposed rules related to brokered deposit restrictions, corporate governance, and the Change in Bank Control Act. These proposals, published in 2023 and 2024, aimed to revise existing regulations but faced issues like being overly complex, conflicting with state laws, and potentially discouraging investments in banks. If the FDIC decides to take regulatory action on these matters in the future, it will announce new proposals.

The Investors Exchange LLC (IEX) has proposed changes to its parent corporation's bylaws. These changes would allow the Board of Directors to invite non-voting observers to attend and participate in board meetings. The proposed amendment aims to formally codify existing practices, ensuring clear roles and responsibilities for these observers while maintaining confidentiality and regulatory compliance. This proposal is considered non-controversial and is aligned with similar practices at other exchanges like BOX and MEMX, which also allow non-voting board observers.