Highlights Recently Published Regulatory Notices from June 1-15, 2018

06 01 18 – 06 15 18 Recently Published Regulatory Notices

Highlights Recently Published Regulatory Notices

June 1 – June 15 2018

From Chicago Board Options Exchange:

  • Proposes to terminate its SPY Pilot Program and establish a position limit of 1,800,000 contracts on SPY options.
  • Announces details of a new Report Card available via FINRA related to the type of orders that may rest in the Complex Order Book.
  • Issues Circular to 1) update content and hyperlink describing the narrowed OEPW and APR parameters; and 2) update the section describing the dissemination of EOI messages published on its website.

From the Depository Trust Company:

  • Announces the production parallel testing period for Reorganization lifecycle functionality scheduled to begin July 31, 2018 and end early Q1 2019.
  • Files rule change related to Applicant Fees, Submission Timelines and the implementation of a new Foreign Legal Opinion Fee.


  • Proposes rule change to require ATSs that report transactions in U.S. Treasury Securities to TRACE to identify non-FINRA member subscribers on those transaction reports.
  • Proposes to update the 2002 security futures risk disclosure statement.
  • Files rule change to extend to July 18, 2019 the implementation of its Rule 4240 that established an interim pilot program with respect to margin requirement in transactions in security-based credit default swaps.
  • Announces details of an overhaul of its registration and disclosure programs including CRD.
  • Issues its monthly report of disciplinary actions.

From the Municipal Securities Rulemaking Board:

  • Issues request for comment on interpretive guidance issues in 2012 on the application of its Rule G-17 on the conduct of municipals securities and municipal advisory activities to underwriters of municipal securities.
  • Files rule change to modify its Professional Qualifications program specifically the Series 52.

From the National Securities Clearing Corporation:

  • Announces details of the splitting of test regions to support its ACATS Modernization initiative.

From the Options Clearing Corporation:

  • Advises members that it will file a rule proposal to require an “Actionable Identifier” to be included on all customer and firm account trades reported to OCC to assist Clearing Members in properly identifying the client accounts for CMTA trades.
  • Updates the details of the Pre-Test date for the Business Continuity DR Industry test.
  • Advises members of the SEC approval of a rule change that will impact a member’s Clearing Fund deposit.

From the U.S. Securities & Exchange Commission:

  • With other industry regulatory bodies, proposes an amendment to Section 13 of the Bank Holding Company Act to provide banking entities with clarity about what proprietary trading activities are prohibited.
  • Adopts new Rule 30e-3 under the ’40 Act to provide certain registered investment companies with an optional method to satisfy their obligations to transmit shareholder reports by making such reports and other material accessible at a website specified in a notice to investors.
  • Seeks public comment on the framework under which intermediaries charge fees for distributing certain non-proxy disclosure material to fund investors (prospectus), particularly where those fees may be borne by the fund, and in turn, its investors.