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📝Commentable📝

CFTC PROPOSES RULE CHANGE TO INCREASE CLEARING MEMBER FUND PROTECTION.

Public Input Sought on Proposed CFTC Rule: The Protection of Clearing Member Funds Held by Derivatives Clearing Organizations

The CFTC proposes rule changes, protecting clearing members' funds through segregation, central bank locations, aligned investments, strict controls, daily reconciliation, and foreign DCO exemptions. Open for public comments.

The Fed requests comment on a proposal to lower the maximum interchange fee. For example, the cap on an average-sized $50 debit card transaction would decline from 24.5 cents under the current rule to 17.7 cents under the proposal.

Summary of Proposed Rule: Congress has required the Board to establish standards for assessing whether the amount of any interchange fee received by a debit card issuer is reasonable and proportional to the cost incurred by the issuer with respect to the debit card transaction. The statutory provision – known as

SEC Proposes Rule to Address Volume-Based Exchange Transaction Pricing for NMS Stocks

SEC Alert & OPEN for Comment Alert! SEC Proposes Rule to Address Volume-Based Exchange Transaction Pricing for NMS Stocks.

Background: National securities exchanges (“exchanges”) that trade NMS stocks maintain pricing schedules that set forth the transaction pricing they apply to their broker-dealer members that execute orders on their trading platforms. As self-regulatory organizations under the Exchange Act, exchanges are subject to unique principles and processes that do not apply

Vice Chair for Supervision Michael S. Barr

Fed's Michael Barr: The rise in required capital is for activities that have generated outsized losses at large banks & areas where current rules have shortcomings.

Highlights: * "Most of the banks represented in this room today—and the vast majority of banks in the country—would not be subject to the Board's recent "endgame" proposal on bank capital. The proposal affects only the very largest banks." * "The proposal is

The exception FINRA want to insert.

Open for comment: FINRA proposes to add new paragraph (“Protected Options”) to FINRA Rule 4210 (Margin Requirements). Appears to exempt if a long call offsets a short put?

Below is the text of the proposed rule change. Proposed new language is underlined; proposed deletions are in brackets: Wut Mean? (I think): My understanding is there are 2 options plays that require margin, sold puts and sold calls. A sold put means that you need to have margin for

FINRA is proposing to extend, to May 22, 2024, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) set to go into effect October 25, 2023.

FINRA is proposing to extend, to May 22, 2024, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) set to go into effect October 25, 2023.

TLDRS: * FINRA is proposing to extend, to May 22, 2024, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) set to go into effect October 25, 2023. * OPEN for comment!!! Source: https://public-inspection.federalregister.gov/2023-19948.pdf Purpose is to establish margin requirements for the transaction types

SEC & Open for Comment Alert! SEC Proposes Improvements to better secure EDGAR access. Current requirements see one login per company shared for access.

SEC & Open for Comment Alert! SEC Proposes Improvements to better secure EDGAR access. Current requirements see one login per company shared for access.

TLDRS: * SEC Proposes Improvements to better secure EDGAR access. Current requirements see one login per company shared for access. * Today's actions would require individual credentials and multi-factor authentication in order to update financial disclosures. * Open for comment Source: https://www.sec.gov/files/rules/proposed/2023/33-11232.pdf