Highlights Recently Published Regulatory Notices 01-15 May, 2016

05 01 16 – 05 15 16 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

01 – 15 May 2016

From CBOE:

  • Proposes to amend its rules related to Split-Price priority under certain conditions.
  • Announces on or after July 11, 2016, an enhancement related to orders routed to PAR when NBB is $0.00 and the NBO is greater than $0.50.

From CFPB:

  • Requests comment on proposed rules that would prohibit mandatory arbitration clauses that deny groups of consumers their day in court.

From DTC:

  • Announces a change to the start time for MMI MPs, IPs, PPs and RPs to 6:00 a.m. EST.
  • An expansion of the Corporate Actions Identifier from 8 to 9 characters in August 2016.

From FINRA:

  • Files amendments related to payment of damages resulting from an arbitration aware.
  • Publishes the topics for discussion at its May 2016 Board meeting.
  • Updates members on the rate and collection of fees supporting the GASB.
  • Issues Regulatory Notice reminding member of their obligations when reporting Large Option Positions.

From MSRB:

  • Receives SEC approval to its rule amendments to support the industry initiative to move to a shortened settlement cycle.
  • Proposes changes to its close-out rule to allow to reduce to 20 calendar days the time frame allowed to complete the close out.

From NASAA:

  • Issues a policy statement to address requirements and restrictions to which an issuer is subject to if they choose to engage in electronic offering documents and signatures.

From Nasdaq:

  • Proposes to adopt a new feature which would cancel limit orders back to the member when the order exceeds certain defined logic.
  • Implementing changes effective July 11, 2016 to the way orders are handled during a trading halt or IPO.

From OCC:

  • Delays until further notice its implementation of the enhanced implied volatility modeling in the STANS margin process – target date is July 2016.

From SEC:

  • Amends it registration rules for securities in response to recent changes in the JOBS and Fast Acts.
  • Proposes, with other federal agencies, prohibiting incentive-based payment arrangement they determine to encourage inappropriate risk.
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