Search Results for keywords:"national securities exchanges"

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Search Results: keywords:"national securities exchanges"

  • Type:Notice
    Citation:90 FR 10842
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is requesting approval from the Office of Management and Budget (OMB) to extend the collection of information related to Rules 6a-1 and 6a-2, and Form 1 under the Securities Exchange Act. Rule 6a-1 requires national securities exchanges to file a Form 1 for initial registration or exemption based on limited trading volume. Rule 6a-2 mandates that registered or exempt exchanges update their Form 1 when there are significant changes or periodically, which incurs an annual burden of around 8,030 hours for all respondents. Public comments on this information collection request can be submitted by March 31, 2025, via the identified web address or email.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to keep checking and updating some forms to make sure that the places where people buy and sell stocks are following the rules. They are asking for people’s thoughts about this until the end of March 2025.

  • Type:Notice
    Citation:90 FR 10962
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking approval from the Office of Management and Budget (OMB) to extend a rule requiring national securities exchanges to provide certain information. This rule, known as Rule 6a-3, involves exchanges reporting on the types of materials they distribute and monthly trading activity. With 26 exchanges involved, the SEC estimates a total annual reporting time of 156 hours. The public is encouraged to provide feedback on this information collection by March 31, 2025, through a designated website or email.

    Simple Explanation

    The SEC wants permission to keep asking big money exchanges for certain info to keep track of their activities. They figure it takes about 6 minutes each month for each exchange to tell them what they need to know.

  • Type:Notice
    Citation:89 FR 103012
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the information collection requirements set forth in Rule 6a-3 under the Securities Exchange Act of 1934. This rule mandates national securities exchanges to provide the SEC with certain information, such as reports and materials issued to exchange members. The SEC estimates that these exchanges collectively spend 156 hours annually fulfilling these requirements. Comments are welcomed on the necessity and usefulness of the rule, estimated burdens, and potential improvements, and must be submitted by February 18, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that makes stock markets send them information, like reports. They're asking if this rule is helpful and if the time spent on it is worth it, saying stock markets take about 156 hours a year to do this.

  • Type:Notice
    Citation:90 FR 12428
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) has announced that MEMX LLC has filed a proposed rule change to amend its Rule 19.5 concerning options trading. This change aims to align MEMX’s rules with other national securities exchanges regarding the $1 Strike Price Program. The SEC has allowed this rule change to take effect immediately to avoid confusion among traders and because it poses no new regulatory issues. The public is invited to comment on the proposed rule change by April 7, 2025.

    Simple Explanation

    MEMX LLC wants to change a rule about how options can be priced to match what other exchanges are doing, and the government said it's okay right away. They want to make sure traders don't get confused, and anyone can share their thoughts about this change until April 7, 2025.

  • Type:Notice
    Citation:90 FR 12015
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is asking for public comments on the current information collection required by Rule 6h-1 under the Securities Exchange Act of 1934. This rule involves the listing standards for national securities exchanges and associations trading in security futures products, focusing on preventing price manipulation and coordinating trading halts. Public feedback is sought on the necessity, efficiency, and burden of this information collection, and comments can be submitted by May 12, 2025. This process is part of the SEC's efforts to continue complying with the Paperwork Reduction Act of 1995.

    Simple Explanation

    The SEC is asking people to share their thoughts about a rule that helps stop cheating when stocks tied to future prices are traded. They want to know if this rule is helpful and if it takes too much work or money to follow it.

  • Type:Notice
    Citation:89 FR 101082
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is inviting public comments on its information collection process under Rules 6a-1 and 6a-2 and Form 1 as required by the Paperwork Reduction Act. These rules require new national securities exchanges to submit applications and updates to ensure compliance with the Securities Exchange Act. The SEC estimates a total annual burden of approximately 8,030 hours on these exchanges for their filings. Public comments on this matter are requested by February 11, 2025, and should focus on the necessity, accuracy, and efficiency of this information collection.

    Simple Explanation

    The SEC wants to check if new stock exchanges are following the rules by filling out certain forms, and they’re asking people to say if this is a good idea or if it needs any changes. They think it takes a lot of time to fill out these forms, and they want to hear what people think by February 11, 2025.