{"description":"Documents matching 'compliance section exchange rule 15c3'","count":1109,"total_pages":50,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=compliance+section+exchange+rule+15c3&format=json&page=2","results":[{"title":"Order Under Section 36 of the Securities Exchange Act of 1934 (the “Exchange Act”) Granting Conditional Exemptive Relief from Section 15(c)(3) of and Rule 15c3-3 Under the Exchange Act for Cross-Margining of Cleared U.S. Treasury Securities and Related Futures","type":"Notice","abstract":null,"document_number":"2026-07636","html_url":"https://www.federalregister.gov/documents/2026/04/20/2026-07636/order-under-section-36-of-the-securities-exchange-act-of-1934-the-exchange-act-granting-conditional","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-20/pdf/2026-07636.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07636.pdf?1776429915","publication_date":"2026-04-20","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Exemptive Order \n \n The Securities and Exchange Commission (“Commission” or the “SEC”) is granting exemptive relief, subject to the conditions discussed below, pursuant to Section 36 \n 1 \n \n of the Exchange Act to broker-dealers registered under Section 15(b) of the Exchange Act \n 2 \n \n that are dually-registered as futures commission merchants (“FCMs”) pursuant to Section 4f(a)(1) of the Commodity Exchange Act (“CEA”) \n 3 \n \n (“BD-FCMs”) from compliance with Section 15(c)(3) of the Exchange Act \n 4 \n \n and Rule 15c3-3 \n 5 \n \n thereunder in connection"},{"title":"Extension of Compliance Date for Required Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is extending the compliance date for the recently adopted amendments that require certain broker-dealers to perform daily reserve computations and make required deposits into their reserve bank accounts daily rather than weekly by six months from December 31, 2025, to June 30, 2026.","document_number":"2025-12016","html_url":"https://www.federalregister.gov/documents/2025/07/01/2025-12016/extension-of-compliance-date-for-required-daily-computation-of-customer-and-broker-dealer-reserve","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-07-01/pdf/2025-12016.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-12016.pdf?1751287520","publication_date":"2025-07-01","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"(“$500 Million Threshold”). The Commission is not extending the compliance dates with respect to the amendments to paragraph (e)(3)(v) of Rule 15c3-3 and the conforming amendments to the Financial and Operational Combined Uniform Single Report (“FOCUS Report”).\n \n \n \n 1 \n 17 CFR 240.15c3-3(e)(3)(i)(B)(\n 1 \n ) (“Rule 15c3-3(e)(3)(i)(B)(\n 1 \n )”).\n \n \n I. Discussion \n \n On December 20, 2024, the Commission adopted amendments to Rule 15c3-3 (the “broker-dealer customer protection rule”) to require broker-dealers that hold customer cash and securities"},{"title":"Extension of Compliance Dates for Standards for Covered Clearing Agencies for U.S. Treasury Securities and Application of the Broker-Dealer Customer Protection Rule With Respect to U.S. Treasury Securities","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is extending the compliance date for the amendments to the rules applicable to covered clearing agencies for U.S. Treasury securities (\"U.S. Treasury securities CCAs\"), which require that such covered clearing agencies have written policies and procedures reasonably designed to require that every direct participant of the covered clearing agency submit for clearance and settlement all eligible secondary market transactions in U.S. Treasury securities to which it is a counterparty and to identify and monitor its direct participants' submission of transactions for clearing, including how the U.S. Treasury securities CCA would address a failure to submit transactions, that were adopted on December 13, 2023. Specifically, the Commission is extending the compliance dates by one year, from December 31, 2025, to December 31, 2026, for eligible cash market transactions, and from June 30, 2026, to June 30, 2027, for eligible repo transactions.","document_number":"2025-03351","html_url":"https://www.federalregister.gov/documents/2025/03/04/2025-03351/extension-of-compliance-dates-for-standards-for-covered-clearing-agencies-for-us-treasury-securities","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-03-04/pdf/2025-03351.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-03351.pdf?1741009507","publication_date":"2025-03-04","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"of Clearance and Settlement, at (202) 551-5777, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-7010. \n \n \n \n SUPPLEMENTARY INFORMATION: \n \n The Commission is extending the compliance date for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act of 1934 (the “Exchange Act”).\n 1 \n \n The Commission is not extending the compliance date for Rule 17ad-22(e)(18)(iv)(C) or Rule 15c3-3.\n 2 \n \n \n \n \n 1 \n 17 CFR 240.17ad-22(e)(18)(iv)(A) and (B).\n \n \n \n \n 2 \n 17 CFR 240.17ad-22(e)(18)(iv)(C);"},{"title":"The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is proposing amendments to Regulation NMS (\"Regulation NMS\") under the Securities Exchange Act of 1934 (\"Exchange Act\"). The proposed amendments would rescind the trade-through rule for NMS stocks, the provision regarding locking and crossing quotations for NMS stocks, and certain defined terms. The proposed amendments would also make conforming changes to other related provisions.","document_number":"2026-12163","html_url":"https://www.federalregister.gov/documents/2026/06/17/2026-12163/the-trade-through-rule-and-locked-and-crossed-markets-provisions-of-regulation-nms","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-17/pdf/2026-12163.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12163.pdf?1781613912","publication_date":"2026-06-17","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"limit orders (Rule 604, previously Exchange Act Rule 11Ac1-4 and commonly referred to as the “Limit Order Display Rule”); public disclosure of order execution and routing information (Rules 605, previously Exchange Act Rule 11Ac1-5, and 606, previously Exchange Act Rule 11Ac1-6); customer account statements (Rule 607, previously Exchange Act Rule 11Ac1-3); national market system plans (Rule 608, previously Exchange Act Rule 11Aa3-2); and registration of securities information processors (“SIPs”) (Rule 609, previously Exchange Act Rule 11Ab2-1).\n "},{"title":"Notice of an Application of the Fixed Income Clearing Corporation and Chicago Mercantile Exchange Inc. for an Exemption Pursuant to Section 36 of the Securities Exchange Act of 1934 in Connection With the Cross-Margining of U.S. Treasury Securities and Related Futures","type":"Notice","abstract":null,"document_number":"2026-02177","html_url":"https://www.federalregister.gov/documents/2026/02/03/2026-02177/notice-of-an-application-of-the-fixed-income-clearing-corporation-and-chicago-mercantile-exchange","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-03/pdf/2026-02177.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-02177.pdf?1770039924","publication_date":"2026-02-03","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corporation, \n 90 FR 58525 (Dec. 17, 2025).\n \n \n \n To implement a customer cross-margin program, FICC and CME, on behalf of their joint BD-FCM members, filed the Application for exemptive relief from Section 15(c)(3) of the Exchange Act and Rule 15c3-3 \n 13 \n \n thereunder under Section 36 of the Exchange Act. Rule 15c3-3 under the Exchange Act,\n 14 \n \n the broker-dealer customer protection rule, requires broker-dealers that hold customer cash and securities"},{"title":"Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Commentary .03 to Rule 7.19","type":"Notice","abstract":null,"document_number":"2026-04144","html_url":"https://www.federalregister.gov/documents/2026/03/03/2026-04144/self-regulatory-organizations-new-york-stock-exchange-llc-notice-of-filing-and-immediate","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-03/pdf/2026-04144.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-04144.pdf?1772459108","publication_date":"2026-03-03","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"(including, without limitation, the Rule 15c3-5 under the Act \n 8 \n \n (“Rule 15c3-5”)). Use of the Exchange's Pre-Trade Risk Controls will not automatically constitute compliance with Exchange or federal rules and responsibility for compliance with all Exchange and SEC rules remains with the member organization.\n 9 \n \n \n \n \n 8 \n \n See \n 17 CFR 240.15c3-5.\n \n \n \n \n 9 \n \n See also \n Commentary .01 to Rule 7.19, which provides that “[t]he pre-trade risk controls described in this Rule are meant to supplement, and not replace, the member organization's"},{"title":"Order Granting Temporary Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From Certain Aspects of Rule 17ad-22(e)(6)(i) and Section 19(g)(1) of the Securities Exchange Act of 1934","type":"Notice","abstract":null,"document_number":"2025-03350","html_url":"https://www.federalregister.gov/documents/2025/03/03/2025-03350/order-granting-temporary-exemptive-relief-pursuant-to-sections-17a-and-36a-of-the-securities","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-03-03/pdf/2025-03350.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-03350.pdf?1740750310","publication_date":"2025-03-03","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"prepared to do so.\n \n \n \n 7 \n The Commission is also issuing a final rule extending the compliance dates applicable to the requirements of Rule 17ad-22(e)(18)(iv)(A) and (B). \n See \n Extension of Compliance Dates for Standards for Covered Clearing Agencies for U.S. Treasury Securities and Application of the Broker-Dealer Customer Protection Rule With Respect to U.S. Treasury Securities, Exchange Act Release No. 34-102487 (Feb. 25, 2025).\n \n \n \n \n 8 \n Section 19(g)(1)(C) of the Exchange Act requires, among other things, that a registered clearing agency"},{"title":"Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend BX Equity 6, Section 4 (Exchange Sharing of Participant Risk Settings) To Permit the Allocation of Responsibility to Clearing Members","type":"Notice","abstract":null,"document_number":"2025-23653","html_url":"https://www.federalregister.gov/documents/2025/12/23/2025-23653/self-regulatory-organizations-nasdaq-bx-inc-notice-of-filing-and-immediate-effectiveness-of-a","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-23/pdf/2025-23653.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23653.pdf?1766411111","publication_date":"2025-12-23","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"clarification, the Exchange does not guarantee that these risk controls will be sufficiently comprehensive to meet all of a Participant's needs, nor are the controls designed to be the sole means of risk management, and using these controls will not necessarily meet a Participant's obligations required by Exchange or federal rules—including, without limitation, Rule 15c3-5 under the Act \n 4 \n \n (“Rule 15c3-5”). Use of the \n \n Exchange's risk settings in BX Equity 6, Section 5 will not automatically constitute compliance with Exchange or federal rules, and the"},{"title":"Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend PHLX Equity 6, Section 4 (Exchange Sharing of PSX Participant Risk Settings) To Permit the Allocation of Responsibility to Clearing Members","type":"Notice","abstract":null,"document_number":"2025-23658","html_url":"https://www.federalregister.gov/documents/2025/12/23/2025-23658/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-and-immediate-effectiveness-of-a","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-23/pdf/2025-23658.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23658.pdf?1766411111","publication_date":"2025-12-23","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"commentary below,” but the rule has no associated commentary. What happened is that in 2021, as part of a major rulebook reorganization effort, the Exchange redesignated PSX Rule 3215 as PHLX Equity 6, Section 4 and Section 5.\n 6 \n \n The text of PSX Rule 3215, minus its commentary, was redesignated as PHLX Equity 6, Section 4. Meanwhile, the commentary to PSX Rule 3215 was redesignated as PHLX Equity 6, Section 5. Therefore, the Exchange proposes substituting the reference to “the commentary below” in PHLX Equity 6, Section 4(a) with a reference to"},{"title":"Daily Computation of Customer and Broker-Dealer Reserve Requirements Under the Broker-Dealer Customer Protection Rule","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to the broker-dealer customer protection rule to require certain broker-dealers to perform their reserve computations for accounts of customers and proprietary accounts of broker-dealers and make any required deposits into their reserve bank accounts daily rather than weekly. The Commission also is adopting amendments to the broker-dealer net capital rule and customer protection rule to permit certain broker-dealers that perform a daily reserve computation for accounts of customers to reduce aggregate debit items (i.e., customer- related receivables) by 2% rather than 3% as part of the computation. Finally, the Commission is adopting technical amendments to the Financial and Operational Combined Uniform Single Report (\"FOCUS Report\") to conform it to the amendments with respect to the lowering of the debit reduction from 3% to 2%.","document_number":"2024-31178","html_url":"https://www.federalregister.gov/documents/2025/01/13/2024-31178/daily-computation-of-customer-and-broker-dealer-reserve-requirements-under-the-broker-dealer","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-13/pdf/2024-31178.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-31178.pdf?1736516722","publication_date":"2025-01-13","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"See Broker-Dealers; Maintenance of Certain Basic Reserves, \n Exchange Act Release No. 9856 (Nov. 17, 1972) [37 FR 25224 (Nov. 29, 1972)] (“Rule 15c3-3 Adopting Release”).\n \n \n \n \n 4 \n \n See \n section I.C.1. of this release (discussing Rule 15c3-3).\n \n \n \n \n 5 \n \n See Financial Responsibility Rules for Broker-Dealers; Final Rule, \n Exchange Act Release No. 70072 (July 30, 2013) [78 FR 51824, 51869 (Aug. 21, 2013)] (“Financial Responsibility Rules for Broker-Dealers”); \n See also \n section I.C.2. of this release (discussing broker-dealer liquidations"},{"title":"Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is amending its rules to require electronic filing or submission of certain forms and other filings or submissions that are required to be filed with or submitted to the Commission under the Securities Exchange Act of 1934 (\"Exchange Act\") and the rules and regulations under the Exchange Act. The amendments require the electronic filing or submission on the Commission's Electronic Data Gathering, Analysis, and Retrieval (\"EDGAR\") system, using structured data where appropriate, for certain forms filed or submitted by self- regulatory organizations (\"SROs\"). The amendments require the information currently contained in Form 19b-4(e) to be publicly posted on the SRO's website and remove the manual signature requirements for SRO proposed rule change filings. The Commission is also requiring that a clearing agency post supplemental material to its website. In addition, the Commission is amending rules under the Exchange Act and the Securities Act of 1933 (\"Securities Act\") to require the electronic filing or submission on EDGAR, using structured data where appropriate, of certain forms, reports, and notices provided by broker- dealers, security-based swap dealers, and major security-based swap participants. The amendments also require withdrawal in certain circumstances of notices filed in connection with an exception to counting certain dealing transactions toward determining whether a person is a security-based swap dealer. Finally, the Commission is allowing electronic signatures in certain broker-dealer filings, and amending the Financial and Operational Combined Uniform Single Report (\"FOCUS Report\") to harmonize with other rules, make technical corrections, and provide clarifications.","document_number":"2024-30433","html_url":"https://www.federalregister.gov/documents/2025/01/21/2024-30433/electronic-submission-of-certain-materials-under-the-securities-exchange-act-of-1934-amendments","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-21/pdf/2024-30433.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-30433.pdf?1737121512","publication_date":"2025-01-21","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"17a-22 \n 9. Rules 17a-5, 18a-7, and 17a-12 \n 10. Rule 17h-2T \n 11. Rule 17a-19 and Form X-17A-19 \n 12. Rule 3a71-3(d)(1)(vi) \n 13. Rule 15fi-3(c) \n 14. Rule 15fk-1(c)(2)(ii)(A) \n C. Respondents \n 1. Form ID \n 2. Rules 6a-1, 6a-2, 6a-3, and Form 1 \n 3. Rule 6a-4, Form 1-N \n 4. Rules 15aa-1 and 15aa-2; Form 15A \n 5. Rule 17ab2-1, Form CA-1 \n 6. Rule 19b-4(e), Form 19b-4(e) \n 7. Rule 19b-4(j), Form 19b-4 \n 8. Rule 17a-22 \n 9. Rules 17a-5, 18a-7, and 17a-12 \n 10. Rule 17h-2T \n 11. Rule 17a-19 and Form X-17A-19 \n 12. Rule 3a71-3(d)(1)(vi) \n 13. Rule 15fi-3(c)"},{"title":"Conforming Amendments to Commission Rules and Forms","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to correct certain errors in various rules and forms under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940. The Commission is also amending a rule that displays control numbers assigned to information collection requirements by the Office of Management and Budget pursuant to the Paperwork Reduction Act.","document_number":"2024-26387","html_url":"https://www.federalregister.gov/documents/2024/11/18/2024-26387/conforming-amendments-to-commission-rules-and-forms","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-11-18/pdf/2024-26387.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-26387.pdf?1731678319","publication_date":"2024-11-18","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":" \n \n Rule 15c2-12 \n 240.15c2-12 \n 3235-0372 \n \n \n Rule 15c3-1 \n 240.15c3-1 \n 3235-0200 \n \n \n Rule 15c3-1(c)(13) \n 240.15c3-1(c)(13) \n 3235-0499 \n \n \n Appendix F to Rule 15c3-1 \n 240.15c-1f \n 3235-0496 \n \n \n Rule 15c3-3 \n 240.15c3-3 \n 3235-0078 \n \n \n Rule 15c3-4 \n 240.15c3-4 \n 3235-0497 \n \n \n Rule 15d-16 \n 240.15d-16 \n 3235-0116 \n \n \n Rule 15g-2 \n 240.15g-2 \n 3235-0434 \n \n \n Rule 15g-3 \n 240.15g-3 \n 3235-0392 \n \n \n Rule 15g-4 \n 240.15g-4 \n 3235-0393 \n \n \n Rule 15g-5 \n 240.15g-5 \n 3235-0394 \n \n \n Rule 15g-6 \n 240.15g-6 \n 3235-0395 \n \n \n Rule 15g-9"},{"title":"Order Providing Exemptive Relief To Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corporation","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"CFTC\" or \"Commission\") is issuing an order pursuant to the Commodity Exchange Act (\"CEA\") that provides exemptive relief from the CEA and Commission regulations related to segregation and protection of futures customer funds. The order permits joint clearing members of the Chicago Mercantile Exchange, Inc. (\"CME\") and the Fixed Income Clearing Corporation (\"FICC\") that are dually registered as broker-dealers with the Securities and Exchange Commission (\"SEC\") and futures commission merchants (\"FCMs\") with the Commission (\"BD-FCMs\") to hold futures customer funds in a commingled customer account at FICC.","document_number":"2026-07643","html_url":"https://www.federalregister.gov/documents/2026/04/20/2026-07643/order-providing-exemptive-relief-to-facilitate-cross-margining-of-customer-positions-cleared-at","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-20/pdf/2026-07643.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07643.pdf?1776429916","publication_date":"2026-04-20","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Cross-Margining Agreement between FICC and CME and Amend Related GSD Rules; Exchange Act Release No. 105197 (Apr. 10, 2026); 91 FR 19221 (Apr. 14, 2026) [File No. SR-FICC-2025-801]. The SEC approved a related exemptive order to facilitate this customer cross-margining agreement on April 15, 2026. \n See \n Order Under Section 36 of the Securities Exchange Act of 1934 (the “Exchange Act”) Granting Conditional Exemptive Relief from Section 15(c)(3) of and Rule 15c3-3 under the Exchange Act for Cross-Margining of Cleared U.S. Treasury Securities and Related"},{"title":"Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 6, Section 4 (Exchange Sharing of Participant Risk Settings) To Permit the Allocation of Responsibility to Clearing Members","type":"Notice","abstract":null,"document_number":"2025-10747","html_url":"https://www.federalregister.gov/documents/2025/06/13/2025-10747/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-and-immediate","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-13/pdf/2025-10747.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-10747.pdf?1749732312","publication_date":"2025-06-13","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),\n 1 \n \n and Rule 19b-4 thereunder,\n 2 \n \n notice is hereby given that on May 29, 2025, The Nasdaq Stock Market LLC (“Nasdaq” or “Exchange”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) the proposed rule change as described in Items I, II, and III, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.\n \n \n \n 1 \n 15 U.S.C. 78s(b)(1)"},{"title":"Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend its Rules Related to Market Makers","type":"Notice","abstract":null,"document_number":"2026-12260","html_url":"https://www.federalregister.gov/documents/2026/06/18/2026-12260/self-regulatory-organizations-long-term-stock-exchange-inc-notice-of-filing-of-a-proposed-rule","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-18/pdf/2026-12260.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-12260.pdf?1781700313","publication_date":"2026-06-18","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"behalf of Exchange members, and create a new AMM Program for Non-LTSE-Primary-Listed Securities traded on the Exchange. The proposed amendments are described in detail below. As described in each section, the proposed changes are in large part consistent with corresponding rules of Cboe BZX Exchange, Inc. (“Cboe BZX”), with certain differences reflecting LTSE's market structure and model. \n Proposed Amendments to Rule 1.160 (Definitions) \n The Exchange is proposing to add two new definitions to Rule 1.160, the Exchange's central definitions rule. These"},{"title":"Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Commentary .03 to Rule 7.19","type":"Notice","abstract":null,"document_number":"2025-05892","html_url":"https://www.federalregister.gov/documents/2025/04/07/2025-05892/self-regulatory-organizations-new-york-stock-exchange-llc-notice-of-filing-and-immediate","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-04-07/pdf/2025-05892.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-05892.pdf?1743770709","publication_date":"2025-04-07","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"obligations required by Exchange or federal rules (including, without limitation, the Rule 15c3-5 under the Act \n 6 \n \n (“Rule 15c3-5”)). Use of the Exchange's Pre-Trade Risk Controls will not automatically constitute compliance with Exchange or federal rules and responsibility for compliance with all Exchange and SEC rules remains with the member organization.\n 7 \n \n \n \n \n 6 \n \n See \n 17 CFR 240.15c3-5.\n \n \n \n \n 7 \n \n See also \n Commentary .01 to Rule 7.19, which provides that “[t]he pre-trade risk controls described in this Rule are meant to supplement"},{"title":"Self-Regulatory Organizations; MX2 LLC; Order Granting Approval to a Proposed Rule Change To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called MX2 Options","type":"Notice","abstract":null,"document_number":"2025-19353","html_url":"https://www.federalregister.gov/documents/2025/10/02/2025-19353/self-regulatory-organizations-mx2-llc-order-granting-approval-to-a-proposed-rule-change-to-adopt","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-10-02/pdf/2025-19353.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-19353.pdf?1759322729","publication_date":"2025-10-02","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"identical to the relevant rules of MEMX Options.\n \n \n \n 8 \n 17 CFR 240.17d-2 .\n \n \n \n As provided in proposed Rule 16.2, existing Exchange Rules applicable to the MX2 equities market contained in \n \n Chapters 1 through 15 of the Exchange Rules will apply to Options Members unless a specific Exchange Rule applicable to the MX2 Options market (proposed Chapters 16 through 29 of the Exchange Rules) governs or unless the context otherwise requires. Options Members can therefore provide sponsored access to the MX2 Options Exchange to a non-Member (\n i.e"},{"title":"Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 307, Position Limits, and Exchange Rule 309, Exercise Limits, To Increase the Position and Exercise Limits for iShares Bitcoin Trust ETF","type":"Notice","abstract":null,"document_number":"2026-10147","html_url":"https://www.federalregister.gov/documents/2026/05/21/2026-10147/self-regulatory-organizations-miami-international-securities-exchange-llc-notice-of-filing-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-21/pdf/2026-10147.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-10147.pdf?1779281110","publication_date":"2026-05-21","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"\n \n 6 \n \n See \n Securities Exchange Act Release No. 101698 (November 21, 2024), 89 FR 93802 (November 27, 2024) (SR-MIAX-2024-40) (Self-Regulatory Organizations; MIAX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 402, Criteria for Underlying Securities, Exchange Rule 307, Position Limits, and Exchange Rule 309, Exercise Limits To Allow the Exchange To List and Trade Options on the iShares Bitcoin Trust (the “Trust”)) (“IBIT Approval Order”). The Exchange began trading IBIT options on"},{"title":"Proposal To Provide Exemptive Relief To Facilitate Cross-Margining of Customer Positions Cleared at Chicago Mercantile Exchange, Inc. and Fixed Income Clearing Corporation","type":"Proposed Rule","abstract":"The Commodity Futures Trading Commission (\"CFTC\" or \"Commission\") is proposing to issue an order pursuant to the Commodity Exchange Act (\"CEA\") that would provide exemptive relief from the CEA and Commission regulations related to segregation and protection of futures customer funds. The order would permit joint clearing members of the Chicago Mercantile Exchange, Inc. (\"CME\") and the Fixed Income Clearing Corporation (\"FICC\") that are dually registered as broker-dealers with the Securities and Exchange Commission (\"SEC\") and futures commission merchants (\"FCMs\") with the Commission (\"BD-FCMs\") to hold futures customer funds in a commingled customer account at FICC.","document_number":"2025-23150","html_url":"https://www.federalregister.gov/documents/2025/12/17/2025-23150/proposal-to-provide-exemptive-relief-to-facilitate-cross-margining-of-customer-positions-cleared-at","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-17/pdf/2025-23150.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23150.pdf?1765892727","publication_date":"2025-12-17","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Protection Rule With Respect to U.S. Treasury Securities, 89 FR 2714 (Jan. 16, 2024).\n \n \n \n \n 4 \n \n Id. \n \n \n \n Currently, only one central counterparty, FICC, provides centralized clearing services for cash market transactions in U.S. Treasury securities, and for repurchase and reverse purchase transactions involving U.S. Treasury securities. FICC is registered as a clearing agency with the SEC under the Securities Exchange Act of 1934 (“Exchange Act”) \n 5 \n \n and is subject to regulation under section 17A of the Exchange Act, SEC Rule 17ad-22 (as"},{"title":"Order Granting Conditional Substituted Compliance in Connection With Certain Capital and Financial Reporting Requirements Applicable to a Nonbank Swap Dealer Domiciled in the French Republic and Subject to the European Union's Investment Firms Regulation and Investment Firms Directive","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is issuing an order regarding an application submitted by Goldman Sachs Paris Inc. et Cie requesting that the Commission determine that the capital and financial reporting laws and regulations of the European Union applicable to a CFTC-registered swap dealer, which is organized and domiciled in the French Republic and subject to the Investment Firms Regulation (EU) 2019/2033 (\"IFR\") and Investment Firms Directive (EU) 2019/2034 (\"IFD\") legislative package, provide sufficient bases for an affirmative finding of comparability with respect to the Commission's swap dealer capital and financial reporting requirements adopted under the Commodity Exchange Act. The order provides that a nonbank swap dealer organized and domiciled in the French Republic and subject to the IFR and IFD legislative package may satisfy the capital requirements and the financial reporting rules under the applicable provisions of the Commodity Exchange Act and Commission regulations by complying with certain specified European Union laws and regulations and conditions set forth in the order.","document_number":"2026-09693","html_url":"https://www.federalregister.gov/documents/2026/05/14/2026-09693/order-granting-conditional-substituted-compliance-in-connection-with-certain-capital-and-financial","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-14/pdf/2026-09693.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-09693.pdf?1778676326","publication_date":"2026-05-14","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"Firms Capital and the EU Investment Firms Financial Reporting Rules With the CFTC Capital Rules and CFTC Financial Reporting Rules \n The following section provides a comparison and analysis of the regulatory requirements of the EU Investment Firms Capital Rules and EU Investment Firms Financial Reporting Rules with the CFTC Capital Rules and CFTC Financial Reporting Rules. Immediately following a description of the requirement(s) of the CFTC Capital Rules and CFTC Financial Reporting Rules for which a comparability determination was requested by the"}]}