{"description":"Documents matching 'security initial public offering volume'","count":6125,"total_pages":50,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=security+initial+public+offering+volume&format=json&page=2","results":[{"title":"Registered Offering Reform","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is proposing amendments that are intended to facilitate capital formation in the public securities markets. Specifically, the proposed amendments would make Form S-3 and the ability to conduct shelf offerings available to significantly more issuers, extend certain benefits currently reserved for \"well-known seasoned issuers\" to a broader set of issuers, and modernize Form S-1 by expanding the ability to incorporate information by reference into that form. The proposed amendments also would make conforming changes to the registration, communication, and offering process for certain business development companies and registered closed-end investment companies that register securities on Form N-2. We also are proposing to amend the communication rules to permit broad-based advertising for certain insurance products. In addition, we are proposing certain other amendments that are intended to modernize certain rules. Finally, to mitigate the costs and complexity of conducting a registered offering, the proposed amendments would preempt State securities law registration and qualification requirements for all registered offerings.","document_number":"2026-10373","html_url":"https://www.federalregister.gov/documents/2026/05/26/2026-10373/registered-offering-reform","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-26/pdf/2026-10373.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-10373.pdf?1779453911","publication_date":"2026-05-26","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":"process of registering an <span class=\"match\">offering</span> of asset-backed <span class=\"match\">securities</span>.”).\n \n \n \n \n 7 \n  \n See, e.g., Solicitations of Interest Prior to a Registered <span class=\"match\">Public</span> <span class=\"match\">Offering</span>, \n Release No. 33-10699 (Sept. 25, 2019) [84 FR 53011, 53028 (Oct. 4, 2019)] (“[I]f the final rule encourages additional issuers to conduct a registered <span class=\"match\">securities</span> <span class=\"match\">offering</span>, issuers may benefit from greater secondary market liquidity associated with registered <span class=\"match\">securities</span>, compared to exempt <span class=\"match\">securities</span>, to the extent that greater liquidity makes the issuers' <span class=\"match\">securities</span> potentially more attractive"},{"title":"Renewable Fuel Standard (RFS) Program: Standards for 2026 and 2027, Partial Waiver of 2025 Cellulosic Biofuel Volume Requirement, and Other Changes","type":"Rule","abstract":"Under the Clean Air Act (CAA), the U.S. Environmental Protection Agency (EPA) is required to determine the applicable volume requirements for the Renewable Fuel Standard (RFS) for years after those specified in the statute. The EPA is establishing the applicable volumes and percentage standards for 2026 and 2027 for cellulosic biofuel, biomass-based diesel (BBD), advanced biofuel, and total renewable fuel. The EPA is also partially waiving the 2025 cellulosic biofuel volume requirement and revising the associated percentage standard due to a shortfall in cellulosic biofuel production. Finally, the EPA is promulgating several regulatory changes to the RFS program, including removing renewable electricity as a qualifying renewable fuel under the RFS program (eRINs) and making minor revisions to the biogas provisions of the RFS program.","document_number":"2026-06275","html_url":"https://www.federalregister.gov/documents/2026/04/01/2026-06275/renewable-fuel-standard-rfs-program-standards-for-2026-and-2027-partial-waiver-of-2025-cellulosic","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-01/pdf/2026-06275.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06275.pdf?1774961112","publication_date":"2026-04-01","agencies":[{"raw_name":"ENVIRONMENTAL PROTECTION AGENCY","name":"Environmental Protection Agency","id":145,"url":"https://www.federalregister.gov/agencies/environmental-protection-agency","json_url":"https://www.federalregister.gov/api/v1/agencies/145","parent_id":null,"slug":"environmental-protection-agency"}],"excerpts":"applicable advanced biofuel <span class=\"match\">volume</span> requirement established for 2022 was 5.63 billion gallons.\n 34 \n \n The total renewable fuel <span class=\"match\">volume</span> requirement established for 2022 was 20.63 billion gallons, resulting in an implied conventional <span class=\"match\">volume</span> requirement of 15 billion gallons. Thus, advanced biofuel represented 27.3 percent of total renewable fuel for 2022, and we must maintain at least that percentage of the advanced biofuel <span class=\"match\">volume</span> requirement as compared to the total renewable fuel <span class=\"match\">volume</span> requirement for all subsequent years. The <span class=\"match\">volume</span> requirements we are"},{"title":"Adoption of Updated EDGAR Filer Manual","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (\"EDGAR Filer Manual\" or \"Filer Manual\") and related rules and forms. Version 73 of Volume II of the Filer Manual reflects and identifies changes to EDGAR made in connection with Release 25.1, and Version 74 of Volume II of the Filer Manual synthesizes changes from Version 73 with changes to EDGAR made in connection with the Commission's September 27, 2024, EDGAR Filer Access and Account Management rulemaking (\"EDGAR Next\"). The Commission is incorporating by reference Version 74 of Volume II.","document_number":"2025-06698","html_url":"https://www.federalregister.gov/documents/2025/04/18/2025-06698/adoption-of-updated-edgar-filer-manual","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-04-18/pdf/2025-06698.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-06698.pdf?1744893918","publication_date":"2025-04-18","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":"indicated that it expected to adopt additional changes to <span class=\"match\">Volume</span> II of the EDGAR Filer Manual in accord with the rule and form amendments prior to September 15, 2025. <span class=\"match\">Volume</span> II of the Filer Manual was, therefore, amended to correspond to the changes to <span class=\"match\">Volume</span> I of the Filer Manual that the Commission approved as part of the EDGAR Next rulemaking. These changes are reflected in Version 74 of <span class=\"match\">Volume</span> II. <span class=\"match\">Volume</span> II of the Filer Manual, Version 74 was posted on March 24, 2025, when amended Form ID and <span class=\"match\">Volume</span> I of the Filer Manual were effective. \n III. Amendments"},{"title":"Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.23 To Introduce an Option for an Exchange-Traded Product (“ETP”) Eligible To Participate in an Initial Public Offering (“IPO”) Auction To Elect to Commence Trading in the BZX Early Trading Session","type":"Notice","abstract":null,"document_number":"2025-18795","html_url":"https://www.federalregister.gov/documents/2025/09/29/2025-18795/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-29/pdf/2025-18795.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-18795.pdf?1758890710","publication_date":"2025-09-29","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":"for an ETP IPO <span class=\"match\">Security</span> to begin trading on the Exchange at 4 a.m. in the same manner that that an ETP transferred from another <span class=\"match\">securities</span> exchange begins trading on BZX. The Exchange believes that amending its rules to extend trading hours for ETP IPO <span class=\"match\">Securities</span> will benefit investors in that they will now be able to trade ETP IPO <span class=\"match\">Securities</span> earlier in the day, providing additional access to liquidity in <span class=\"match\">securities</span> that an ETP issuer deems appropriate for trading in the Early Trading Session. The Exchange also believes that <span class=\"match\">offering</span> the IPO Auction"},{"title":"Staff Report on the Definitions of “Security-Based Swap Dealer” and “Major Security-Based Swap Participant”","type":"Notice","abstract":"The Securities and Exchange Commission directed staff to prepare and is now publishing a report examining the effect and application of the definitions of \"security-based swap dealer\" and \"major security-based swap participant.\" Those definitions include an exception from designation as a security-based swap dealer for an entity that engages in a de minimis quantity of security-based swap dealing, as well as separate thresholds below which an entity would not become a major security-based swap participant. As provided in the Commission's rules, nine months after publication of this report and after considering any public comments received, the Commission may by order either terminate the phase-in period for the de minimis thresholds, thereby allowing thresholds of $3 billion for credit default swaps that constitute security-based swaps and $150 million for non-credit default swaps that constitute security-based swaps to take effect and replace the current phase-in thresholds of $8 billion and $400 million, respectively, or propose different thresholds through rulemaking; however, the Commission has issued an order providing a temporary exemption that has the effect of continuing to apply the phase-in thresholds of $8 billion and $400 million until May 8, 2028. The public is invited to comment on all aspects of this report, which may inform the Commission's consideration of potential changes to the de minimis exception and the rules further defining the terms \"security-based swap dealer\" and \"major security-based swap participant.\"","document_number":"2026-08558","html_url":"https://www.federalregister.gov/documents/2026/05/04/2026-08558/staff-report-on-the-definitions-of-security-based-swap-dealer-and-major-security-based-swap","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-04/pdf/2026-08558.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08558.pdf?1777639507","publication_date":"2026-05-04","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":"1 \n \n under the <span class=\"match\">Securities</span> Exchange Act of 1934,\n 2 \n \n the Commission is publishing for <span class=\"match\">public</span> comment the staff report on the definitions of “<span class=\"match\">security</span>-based swap dealer” and “major <span class=\"match\">security</span>-based swap participant.”\n \n \n \n 1 \n  17 CFR 240.3a71-2A(c).\n \n \n \n \n 2 \n  15 U.S.C. 78a through 78rr.\n \n \n \n By the Commission. \n Dated: April 29, 2026. \n J. Matthew DeLesDernier, \n Deputy Secretary. \n \n Appendix A \n Definitions of “<span class=\"match\">Security</span>-Based Swap Dealer” and “Major <span class=\"match\">Security</span>-Based Swap Participant”: A Report by Staff of the <span class=\"match\">Securities</span> and Exchange Commission"},{"title":"Renewable Fuel Standard (RFS) Program: Standards for 2026 and 2027, Partial Waiver of 2025 Cellulosic Biofuel Volume Requirement, and Other Changes","type":"Proposed Rule","abstract":"Under the Clean Air Act (CAA), the Environmental Protection Agency (EPA) is required to determine the applicable volume requirements for the Renewable Fuel Standard (RFS) for years after those specified in the statute. EPA is proposing the applicable volumes and percentage standards for 2026 and 2027 for cellulosic biofuel, biomass-based diesel (BBD), advanced biofuel, and total renewable fuel. EPA is also proposing to partially waive the 2025 cellulosic biofuel volume requirement and revise the associated percentage standard due to a shortfall in cellulosic biofuel production. Finally, EPA is proposing several regulatory changes to the RFS program, including reducing the number of Renewable Identification Numbers (RINs) generated for imported renewable fuel and renewable fuel produced from foreign feedstocks and removing renewable electricity as a qualifying renewable fuel under the RFS program (eRINs).","document_number":"2025-11128","html_url":"https://www.federalregister.gov/documents/2025/06/17/2025-11128/renewable-fuel-standard-rfs-program-standards-for-2026-and-2027-partial-waiver-of-2025-cellulosic","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-17/pdf/2025-11128.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11128.pdf?1750077923","publication_date":"2025-06-17","agencies":[{"raw_name":"ENVIRONMENTAL PROTECTION AGENCY","name":"Environmental Protection Agency","id":145,"url":"https://www.federalregister.gov/agencies/environmental-protection-agency","json_url":"https://www.federalregister.gov/api/v1/agencies/145","parent_id":null,"slug":"environmental-protection-agency"}],"excerpts":"previous RFS rules, the BBD <span class=\"match\">volume</span> requirements (in billion RINs) and the <span class=\"match\">volume</span> of BBD (in billion gallons) we project would be supplied to satisfy the <span class=\"match\">volume</span> requirements are shown in Table I.A.1-2. Finally, the quantities of renewable fuel we project would be supplied to satisfy the <span class=\"match\">volume</span> requirements, after accounting for the nested nature of the RFS <span class=\"match\">volume</span> requirements and the proposed import RIN reduction provisions, are shown in Table I.A.1-3. \n \n Table I.A.1-2—BBD <span class=\"match\">Volume</span> Requirements for 2023-2027 \n \n   \n \n <span class=\"match\">Volume</span> requirement established "},{"title":"Volume-Based Exchange Transaction Pricing for NMS Stocks","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is proposing a new rule under the Securities Exchange Act of 1934 (\"Exchange Act\") to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in certain stocks. If exchanges offer such pricing for their members' proprietary orders, the proposal would require the exchanges to adopt rules and written policies and procedures related to compliance with the prohibition, as well as disclose, on a monthly basis, certain information including the total number of members that qualified for each volume tier during the month.","document_number":"2023-23398","html_url":"https://www.federalregister.gov/documents/2023/11/06/2023-23398/volume-based-exchange-transaction-pricing-for-nms-stocks","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-11-06/pdf/2023-23398.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-23398.pdf?1699031051","publication_date":"2023-11-06","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":"Tiers Prohibition \n 4. Banning the Linking of <span class=\"match\">Volume</span>-Based Tiers for Closing Auctions To Consolidated <span class=\"match\">Volume</span> \n 5. Require Disclosures of <span class=\"match\">Volume</span>-Based Pricing in Proprietary <span class=\"match\">Volume</span> in NMS Stocks To Be Posted on Exchange Websites or Submitted Through a Different System \n 6. Require a Different Structured Data Language for the Disclosures of <span class=\"match\">Volume</span>-Based Pricing in Proprietary <span class=\"match\">Volume</span> in NMS Stocks \n 7. Remove Structured Data Language Requirement for Disclosures of <span class=\"match\">Volume</span>-Based Pricing in Proprietary <span class=\"match\">Volume</span> in NMS Stocks \n F. Request for Comment \n \n V"},{"title":"Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Definition of “Indicative Price” Under Exchange Rule 11.23(a)(10) and Amend Exchange Rule 11.23(d)(2)(B) (Extending the Quote-Only Period for Initial Public Offering (“IPO”) Auctions)","type":"Notice","abstract":null,"document_number":"2026-06474","html_url":"https://www.federalregister.gov/documents/2026/04/03/2026-06474/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-of-amendment-no-1-and-order","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-03/pdf/2026-06474.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06474.pdf?1775133909","publication_date":"2026-04-03","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":"Quote-Only Period for IPO Auctions in ETP IPO <span class=\"match\">Securities</span>. The Exchange also proposes to use the term “ETP IPO <span class=\"match\">Security</span>” throughout proposed Rule 11.23(d)(2)(C) rather than “Derivative <span class=\"match\">Security</span>.” \n 16 \n \n Because an ETP IPO <span class=\"match\">Security</span> is a subset of Derivative <span class=\"match\">Securities</span> that are eligible to participate in the IPO Auction, this change is ministerial but adds precision and clarity to the Exchange's rulebook.\n \n \n \n 16 \n  The term “Derivative <span class=\"match\">Security</span>” means a <span class=\"match\">security</span> that meets the definition of “new derivative <span class=\"match\">securities</span> product” in Rule 19b-4(e) under the"},{"title":"Adoption of Updated EDGAR Filer Manual","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (\"EDGAR Filer Manual\" or \"Filer Manual\") and related rules and forms. EDGAR Release 24.4 will be deployed in the EDGAR system on December 16, 2024.","document_number":"2025-01923","html_url":"https://www.federalregister.gov/documents/2025/01/30/2025-01923/adoption-of-updated-edgar-filer-manual","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-30/pdf/2025-01923.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-01923.pdf?1738158310","publication_date":"2025-01-30","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":"ACTION: \n Final rule. \n \n \n SUMMARY: \n The <span class=\"match\">Securities</span> and Exchange Commission (“Commission”) is adopting amendments to <span class=\"match\">Volume</span> II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (“EDGAR Filer Manual” or “Filer Manual”) and related rules and forms. EDGAR Release 24.4 will be deployed in the EDGAR system on December 16, 2024. \n \n \n DATES: \n Effective January 30, 2025. The incorporation by reference of the revised Filer Manual is approved by the Director of the Federal Register as of January 30, 2025. \n \n \n FOR FURTHER"},{"title":"Promoting the Integrity and Security of Telecommunications Certification Bodies, Measurement Facilities, and the Equipment Authorization Program","type":"Rule","abstract":"In this document, the Federal Communications Commission (Commission or FCC) adopts measures to strengthen national security and encourage reciprocity in testing and certification. The FCC creates a fast-track priority review process for devices subject to Pre-Approval Guidance (PAG) for applications tested in Trusted Test Labs. Also, updates post-market surveillance and enforcement procedures, and establishes confidential reporting channels for industry participants to raise concerns about violations or national security threats. Lastly, directs development of a consolidated list of prohibited entities to streamline applicant screening and aligns ownership reporting timelines for publicly traded companies with U.S. Securities and Exchange Commission requirements.","document_number":"2026-09822","html_url":"https://www.federalregister.gov/documents/2026/05/15/2026-09822/promoting-the-integrity-and-security-of-telecommunications-certification-bodies-measurement","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-15/pdf/2026-09822.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-09822.pdf?1778762728","publication_date":"2026-05-15","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"contains new or modified information collection requirements subject to the Paperwork Reduction Act of 1995 (PRA), <span class=\"match\">Public</span> Law 104-13. The Commission, as part of its continuing effort to reduce paperwork burdens, will invite the general <span class=\"match\">public</span> and the Office of Management and Budget (OMB) to comment on any information collection requirements contained in this document. In addition, pursuant to the Small Business Paperwork Relief Act of 2002, <span class=\"match\">Public</span> Law 107-198, \n see \n 44 U.S.C. 3506(c)(4), the Commission seeks specific comment on how it might “further reduce"},{"title":"Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Section 102.01 of the NYSE Listed Company Manual To Provide That the Stockholder Requirements Set Forth Therein Will Be Calculated on a Worldwide Basis When Listing a Company From Outside North America That Is Listing in Connection With Its Initial Public Offering and Is Not Listed on Any Other Regulated Stock Exchange","type":"Notice","abstract":null,"document_number":"2025-07987","html_url":"https://www.federalregister.gov/documents/2025/05/08/2025-07987/self-regulatory-organizations-new-york-stock-exchange-llc-order-granting-approval-of-a-proposed-rule","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-05-08/pdf/2025-07987.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-07987.pdf?1746621919","publication_date":"2025-05-08","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":"domestic company <span class=\"match\">initial</span> listing standards.\n 9 \n \n Specifically, Section 102.01A sets forth distribution criteria for the <span class=\"match\">initial</span> listing of domestic companies based on number of stockholders, number of <span class=\"match\">publicly</span> held shares, and/or average monthly trading <span class=\"match\">volume</span>, as applicable.\n 10 \n \n Section 102.01B of the Manual (“Section 102.01B”), under the heading “Calculations under the Distribution Criteria,” describes how the Exchange determines the number of stockholders and trading <span class=\"match\">volume</span> of a domestic company when applying the <span class=\"match\">initial</span> listing criteria"},{"title":"Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change To Modify the GSD Rulebook Relating to a New Service Offering Called the ACS Triparty Service","type":"Notice","abstract":null,"document_number":"2025-23938","html_url":"https://www.federalregister.gov/documents/2025/12/30/2025-23938/self-regulatory-organizations-fixed-income-clearing-corporation-order-approving-proposed-rule-change","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-30/pdf/2025-23938.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23938.pdf?1767015910","publication_date":"2025-12-30","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":"mark-to-market movements of the triparty repo <span class=\"match\">securities</span>, as well as the transfer of these <span class=\"match\">securities</span>, will occur directly between pre-novation counterparties through the triparty repo platform of the clearing agent bank.\n 26 \n \n FICC also proposes to explicitly state within the Rules that an Agent Clearing Transaction involving an <span class=\"match\">Initial</span> Haircut is considered an “Off-the-Market Transaction,” akin to a Sponsored Member Trade with an <span class=\"match\">Initial</span> Haircut.\n \n \n \n 26 \n  \n Id \n at 47047.\n \n \n B. The Treatment of <span class=\"match\">Initial</span> Haircuts for Done-With Agent Clearing Transactions"},{"title":"Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Amend Certain Initial Listing Requirements for de-SPAC Transactions","type":"Notice","abstract":null,"document_number":"2025-17242","html_url":"https://www.federalregister.gov/documents/2025/09/09/2025-17242/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-of-proposed-rule-change","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-09/pdf/2025-17242.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-17242.pdf?1757335508","publication_date":"2025-09-09","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":"(i) Conduct a primary <span class=\"match\">offering</span> of <span class=\"match\">securities</span> that is not subject to the requirements of § 230.419 of this chapter (Rule 419 under the <span class=\"match\">Securities</span> Act); \n (ii) Complete a business combination, such as a merger, consolidation, exchange of <span class=\"match\">securities</span>, acquisition of assets, reorganization, or similar transaction, with one or more target companies within a specified time frame; and \n (iii) Return proceeds from the <span class=\"match\">offering</span> and any concurrent <span class=\"match\">offering</span> (if such <span class=\"match\">offering</span> or concurrent <span class=\"match\">offering</span> intends to raise proceeds) to its <span class=\"match\">security</span> holders if the company"},{"title":"Transparency in Coverage","type":"Proposed Rule","abstract":"These proposed rules set forth proposed requirements that would amend the regulations under the Public Health Service Act, the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code regarding price transparency reporting requirements for non-grandfathered group health plans and health insurance issuers offering non-grandfathered group and individual health insurance coverage. Specifically, these proposed rules would improve the standardization, accuracy, and accessibility of public pricing disclosures in line with the goals of the Executive Order 14221. With respect to the in-network rate and out-of-network allowed amount machine-readable files, these proposed rules would achieve these goals by adding new contextual files and additional data elements like product type, network name, and enrollment counts; changing the reporting level for aggregation of data; removing in-network rates for unlikely provider-to-service mappings; increasing the reporting period and lowering the claims threshold for out-of-network historical data; and reducing the reporting cadence. These proposed rules would also improve the findability of all of the publicly disclosed machine- readable files required under the Transparency in Coverage rules, including the prescription drug file, by requiring a text file and footer with website URLs and contact information for the files. These proposed rules would also require pricing information that is made available through an online consumer tool and paper (upon request), to also be made available by phone, and establish that the satisfaction of such requirement also satisfies the requirements of section 114 of the No Surprises Act (including for grandfathered group health plans and health insurance issuers offering grandfathered group and individual health insurance coverage that are not otherwise subject to these proposed rules).","document_number":"2025-23693","html_url":"https://www.federalregister.gov/documents/2025/12/23/2025-23693/transparency-in-coverage","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-23/pdf/2025-23693.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23693.pdf?1766178909","publication_date":"2025-12-23","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"},{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"},{"raw_name":"DEPARTMENT OF HEALTH AND HUMAN SERVICES","name":"Health and Human Services Department","id":221,"url":"https://www.federalregister.gov/agencies/health-and-human-services-department","json_url":"https://www.federalregister.gov/api/v1/agencies/221","parent_id":null,"slug":"health-and-human-services-department"}],"excerpts":"another party posts the machine-readable files on its <span class=\"match\">public</span> website on behalf of the plan or issuer. However, if the files are posted on a service provider's website and the plan or issuer maintains a <span class=\"match\">public</span> website but chooses not to host the files separately on its own <span class=\"match\">public</span> website, it must provide a link on its own <span class=\"match\">public</span> website to the location where the files are made <span class=\"match\">publicly</span> available. This requirement applies to a <span class=\"match\">public</span> website maintained by the plan or issuer and does not apply to a <span class=\"match\">public</span> website maintained by an employer or plan sponsor"},{"title":"Adoption of Updated EDGAR Filer Manual","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to Volume II of the Electronic Data Gathering, Analysis, and Retrieval system Filer Manual (\"EDGAR Filer Manual\" or \"Filer Manual\") and related rules and forms. EDGAR Release 24.3 will be deployed in the EDGAR system on September 16, 2024.","document_number":"2024-24355","html_url":"https://www.federalregister.gov/documents/2024/10/22/2024-24355/adoption-of-updated-edgar-filer-manual","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-10-22/pdf/2024-24355.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-24355.pdf?1729514728","publication_date":"2024-10-22","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":"EDGAR System Changes and Associated Modifications to <span class=\"match\">Volume</span> II of the Filer Manual \n \n EDGAR is being updated in EDGAR Release 24.3 and corresponding amendments to <span class=\"match\">Volume</span> II of the Filer Manual are being made to reflect these changes, as described below.\n 2 \n \n \n \n \n 2 \n  EDGAR Release 24.2 was deployed on July 1, 2024.\n \n \n Allowance of Co-registrants in a Draft Registration Statement in Certain Circumstances \n \n On January 24, 2024, the SEC adopted rules related to <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offerings</span> by special purpose acquisition companies (“SPACs”) and"},{"title":"Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on Its Equity Options Platform","type":"Notice","abstract":null,"document_number":"2025-23331","html_url":"https://www.federalregister.gov/documents/2025/12/19/2025-23331/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-19/pdf/2025-23331.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23331.pdf?1766065512","publication_date":"2025-12-19","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":"Pearl both offer Full Service MEI Ports (analogous to the Exchange's Bulk Port <span class=\"match\">offering</span>) and Limited Service MEI Ports (analogous to the Exchange's BOE Port <span class=\"match\">offering</span>) that are based on the lesser of a participant's per class basis or percentage of total national average daily <span class=\"match\">volume</span> measurement. For each matching engine a participant connects to (based on their activity), they receive two Full Service MEI Ports and four Limited Service MEI Ports.\n 43 \n \n Based on <span class=\"match\">publicly</span> available information, MEI ports provide market makers direct connections to"},{"title":"Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Certain Initial Listing Requirements for de-SPAC Transactions","type":"Notice","abstract":null,"document_number":"2025-22469","html_url":"https://www.federalregister.gov/documents/2025/12/11/2025-22469/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-of-amendment-no-1-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-11/pdf/2025-22469.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-22469.pdf?1765374311","publication_date":"2025-12-11","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":"(i) Conduct a primary <span class=\"match\">offering</span> of <span class=\"match\">securities</span> that is not subject to the requirements of § 230.419 of this chapter (Rule 419 under the <span class=\"match\">Securities</span> Act); (ii) Complete a business combination, such as a merger, consolidation, exchange of <span class=\"match\">securities</span>, acquisition of assets, reorganization, or similar transaction, with one or more target companies within a specified time frame; and (iii) Return proceeds from the <span class=\"match\">offering</span> and any concurrent <span class=\"match\">offering</span> (if such <span class=\"match\">offering</span> or concurrent <span class=\"match\">offering</span> intends to raise proceeds) to its <span class=\"match\">security</span> holders if the company"},{"title":"Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Section 102.01 of the NYSE Listed Company Manual To Provide That the Stockholder Requirements Set Forth Therein Will Be Calculated on a Worldwide Basis When Listing a Company From Outside North America That Is Listing in Connection With Its Initial Public Offering and Is Not Listed on Any Other Regulated Stock Exchange","type":"Notice","abstract":null,"document_number":"2024-29334","html_url":"https://www.federalregister.gov/documents/2024/12/13/2024-29334/self-regulatory-organizations-new-york-stock-exchange-llc-notice-of-filing-of-amendment-no-1-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-12-13/pdf/2024-29334.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-29334.pdf?1734011133","publication_date":"2024-12-13","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":"in connection with its <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offering</span> and is not listed on any other regulated stock exchange, the Exchange will include all holders on a global basis in applying the minimum stockholder requirements of Section 102.01A. The Exchange notes that the trading <span class=\"match\">volume</span> provisions of Section 102.01A are not relevant to the listing of a company from outside North America when such company is listing in connection with its <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offering</span> and is not listed on any other regulated stock exchange, as the trading <span class=\"match\">volume</span> requirements are only applicable"},{"title":"Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Adoption of Chicago Mercantile Exchange's Rules Governing Security Futures Product Listing Standards, Adoption of Chicago Mercantile Exchange Inc.'s Rules Governing Security Futures Adjustments, and Adoption of Chicago Mercantile Exchange Inc.'s Rules Governing Cash-Settled Single Stock Security Futures","type":"Notice","abstract":null,"document_number":"2026-13712","html_url":"https://www.federalregister.gov/documents/2026/07/07/2026-13712/self-regulatory-organizations-chicago-mercantile-exchange-inc-notice-of-filing-and-immediate","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-07/pdf/2026-13712.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-13712.pdf?1783341917","publication_date":"2026-07-07","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":"requires that for an underlying <span class=\"match\">security</span> that is an ETF Share, TIR, or Closed-End Fund Share, “it must have had a total trading <span class=\"match\">volume</span> (in all markets in which the underlying <span class=\"match\">security</span> has traded) of at least 2,400,000 shares or receipts evidencing the underlying <span class=\"match\">security</span> in the preceding 12 months.” \n Rule 70001.10, or requirement 10, requires that “[i]f the underlying <span class=\"match\">security</span> is a `covered <span class=\"match\">security</span>' as defined under Section 18(b)(1)(A) of the <span class=\"match\">Securities</span> Act of 1933, the market price per share of the underlying <span class=\"match\">security</span> has been at least $3.00 for"},{"title":"Rescission of Climate-Related Disclosure Rules","type":"Proposed Rule","abstract":"The Securities and Exchange Commission (\"Commission\") proposes to rescind amendments to its rules under the Securities Act of 1933 (\"Securities Act\") and Securities Exchange Act of 1934 (\"Exchange Act\") that require registrants to provide certain climate- related information in their registration statements and annual reports.","document_number":"2026-11091","html_url":"https://www.federalregister.gov/documents/2026/06/03/2026-11091/rescission-of-climate-related-disclosure-rules","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-06-03/pdf/2026-11091.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-11091.pdf?1780404317","publication_date":"2026-06-03","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":"required for <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offerings</span> other than those conducted by special purpose acquisition companies. \n Compare \n 17 CFR 229.601(b)(101)(i)(A) (providing that registrants conducting <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offerings</span> are not obligated to tag any disclosures until they file their first post-<span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offering</span> periodic report on Form 10-Q, Form 20-F, or Form 40-F), \n with \n 17 CFR 229.601(b)(101)(i)(D) (requiring the tagging of information disclosed pursuant to subpart 1600 of Regulation S-K [17 CFR 229] in Inline XBRL for <span class=\"match\">initial</span> <span class=\"match\">public</span> <span class=\"match\">offerings</span> conducted"}]}