Search Results for keywords:"financial impact"

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Search Results: keywords:"financial impact"

  • Type:Notice
    Citation:90 FR 2056
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is seeking public input on the renewal of a procedure related to Form 12b-25, which companies use to notify the SEC and the marketplace if they cannot file a required report on time. This procedure allows for an automatic filing extension. The SEC estimates that there are around 2,849 annual filings of this form, with each taking approximately 2.5 hours to complete, resulting in a total of 7,123 burden hours. The public has until March 11, 2025, to submit their comments about the necessity, accuracy, and efficiency of this information collection.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to hear from people about a form that companies fill out when they can't finish important paperwork on time. This form lets them have a little extra time to file, and people can share their thoughts about it until March 11, 2025.

  • Type:Notice
    Citation:90 FR 8945
    Reading Time:about 3 minutes

    The Postal Regulatory Commission has issued a public notice regarding a recent filing by the Postal Service. This filing involves requests to add new contracts to the Competitive Product List and concerns negotiated service agreements. The Commission invites public comments on these requests, with a deadline of February 6, 2025, and provides details on how to submit comments online. Additionally, the notice identifies specific docket numbers for the requests and mentions the appointed public representatives for the cases.

    Simple Explanation

    The Postal Regulatory Commission is telling people about a new plan from the Postal Service to change how they deliver mail with special deals. They want to know what everyone thinks about these changes by February 6, 2025, and give instructions on how to share their thoughts online.

  • Type:Notice
    Citation:89 FR 105140
    Reading Time:about 13 minutes

    The Securities and Exchange Commission (SEC) has received a proposed rule change from NYSE Arca, Inc. to revise their Options Fee Schedule. This change aims to introduce pricing incentives for trading options on digital asset Exchange Traded Funds (ETFs) listed on NYSE Arca Equities, such as the Grayscale Bitcoin Trust ETF and others. The proposal includes offering additional discounts or credits per contract to encourage such trading, effective December 17, 2024. The Exchange believes that these changes will increase liquidity and benefit all market participants without imposing unnecessary competition burdens.

    Simple Explanation

    NYSE Arca, which is like a big marketplace for trading, wants to make it cheaper and more attractive to trade certain digital money options. They hope this change will make trading faster and better for everyone, but they're not sure exactly how it will affect everybody yet.

  • Type:Notice
    Citation:90 FR 9269
    Reading Time:about 3 minutes

    Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology, originally proposed in SR-BX-2024-054. This delay means the new fee and its methodology will now take effect on June 1, 2025, and will end on December 1, 2025. The proposal is immediately effective, and the public is invited to submit comments about it by March 3, 2025. For more details, the proposal is available on both Nasdaq BX's and the SEC's websites.

    Simple Explanation

    Nasdaq BX, Inc. wants to wait a bit longer before starting a new way to charge a fee for trading options, so now they plan to start on June 1, 2025, and stop on December 1, 2025. They want people to say what they think about this change and you can see more details on their website.

  • Type:Notice
    Citation:90 FR 4825
    Reading Time:about 3 minutes

    Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission, effective immediately, to amend its fee schedule for certain sub-dollar orders. The change revises the fee for an order that routes to and removes liquidity from another exchange at a price under $1.00. Instead of charging the cost imposed by the away exchange plus $0.0001 per share, IEX will now charge this cost plus 0.02% of the total dollar value of the execution. Comments on the proposal are invited to be submitted to the Commission by February 6, 2025.

    Simple Explanation

    Investors Exchange, a stock market, is changing the way it charges for certain very cheap stock trades. Now, instead of just a small fee for each share, they're also adding a tiny percent of the total trade cost, which means the more the trade is worth, the more you pay.

  • Type:Notice
    Citation:90 FR 8941
    Reading Time:about a minute or two

    The Judicial Conference of the United States has announced that certain dollar amounts related to bankruptcy cases in the United States Code will be adjusted due to changes in the Consumer Price Index for All Urban Consumers. These changes will take effect on April 1, 2025, and will apply to many sections of titles 11 and 28 that deal with bankruptcy law. The adjustments are based on a three-year period ending before January 1, 2025, and will be rounded to the nearest $25. Additionally, several Official Bankruptcy Forms and Director's Forms will also be updated to reflect these new dollar amounts.

    Simple Explanation

    The U.S. Judicial Conference is changing some money amounts in the rules about bankruptcy because prices have gone up, just like how toys can cost more over time. This will start on April 1, 2025, and they want to make sure all the forms and rules match the new prices.

  • Type:Notice
    Citation:90 FR 12588
    Reading Time:about 3 minutes

    The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.

    Simple Explanation

    Nasdaq PHLX wants to stop giving extra money to companies that help other people buy and sell things with them. The big bosses are checking to see if this is okay and want to know what people think by April 8, 2025.

  • Type:Notice
    Citation:86 FR 8666
    Reading Time:about 5 minutes

    The Securities and Exchange Commission is seeking public feedback on its information collection under Rule 17g-1, which deals with the fidelity bonding of officers and employees of registered management investment companies. This rule requires independent directors to approve the bond annually, specifies terms for coverage amounts based on a fund's assets, and mandates the submission of certain documents to the Commission. The Commission estimates that complying with these requirements takes about two hours per year for each of the approximately 2,200 funds. Comments on the necessity and efficiency of these information collections are requested within 60 days.

    Simple Explanation

    The Securities and Exchange Commission wants to know if people think checking certain rules every year takes too long and if it's useful. They think it takes about two hours each year for a group to check these rules, but it's not very clear how much money it costs or what happens if someone doesn't follow the rules.

  • Type:Notice
    Citation:90 FR 8315
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    Nasdaq PHLX LLC wants to charge money for a special service that helps computers talk faster. The decision is quick and the government is asking people to say what they think about it.

  • Type:Notice
    Citation:90 FR 9350
    Reading Time:about 3 minutes

    The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

    Simple Explanation

    The Investors Exchange (IEX) wants to change the rules about how much money people pay or get back when they trade stocks. They want people to tell them what they think about these changes by March 4, 2025.

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