Regulatory

12-16-16-12-31-16-recently-published-regulatory-notices Highlights Recently Published Regulatory Notices 16-31 December 2016 From the CBOE: Proposes to extend its Cabinet Trade pilot program until March 5, 2018 or when it becomes permanent. Issues notice of classes to be added/deleted as part of the Penny Pilot program. From the Depository Trust Company: Announces addition...

11-16-16-11-30-16-recently-published-regulatory-notices Highlights Recently Published Regulatory Notices 16 – 30 of November 2016 From the Chicago Board Options Exchange Proposes several changes to its Disaster Recovery rule to further strengthen its response to such an event. Files amendment to its rule regarding responsibilities for ensuring compliance with open outcry priority and al...

10-16-16-10-31-16-recently-published-regulatory-notices Highlights Recently Published Regulatory Notices 16 -31 of October 2016 From the Department of Labor: Issues first list of Frequently Asked Questions on the application of its Conflicts of Interest rule. From Depository Trust Company: Announces beginning on November 4, 2016 it will display additional fields and values fo...

09-16-16-09-30-16-recently-published-regulatory-notices Highlights Recently Published Regulatory Notices 16-30 of September 2016 From Chicago Board Options Exchange: Proposes to permit a new series to be added up to, and including on the expiration date for expirations listed under the Nonstandard expirations Pilot Program Proposes various changes to its opening procedures to reorganize...

07 01 16 - 07 15 16 Recently Published Regulatory Notices Highlights Recently Published Regulatory Notices From Consolidated Audit Trail: Publishes project Plan Processor fees based on the Reporter tiers and its Funding Model based on June 2014 order and trade data. From CBOE: Proposes rule change to enhance current price protection mechanisms and risk controls to further preven...

U.S. Department of Labor Fiduciary Rule Background The Department of Labor (DOL) issued its final ”fiduciary” rule which will have wide ranging and significant impacts to broker-dealer and investment advisory business practices.  In short, this rule subjects broker-dealers and investment advisers who provide advice and recommendations to clients as it relates to their retirement investment a...

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 com...

04 16 16 - 04 30 16 Recently Published Regulatory Notices Highlights Recently Published Regulatory Notices 16 – 30  April 2016 From CBOE: Updates TPHs on the inactivation of the Quote Lock Timer functionality. Proposes an amendment to codify an exception to the availability of split-price priority when the width of a series’ quote is at the minimum increment. From DTC: Ann...

04 01 16 - 04 15 16 Recently Published Regulatory Notices Highlights Recently Published Regulatory Notices 01 – 15 April 2016 From CBOE: Issues reminder that the Quote Tick Inversion Check is inactive during extended trading hours until further notice. Files two amendments to its proposal to amend its rules on Automated Improvement Mechanism related to retain order functionality and...