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
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
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 projected to raise capital for large banks.
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
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
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 Background Gary
TLDRS: * DTC seeking 'warning indicators': "for example, the effectiveness and speed of DTC’s efforts to liquidate Collateral securities, and an impediment to the availability of DTC’s resources to repay any borrowings due to any Participant Default." * Hedging called out as a trigger to monitor as well? * Comments due