Cboe Exchange, Inc. is issuing this Regulatory Circular to inform Trading Permit Holders that the Exchanges will be discontinuing access to Market Replay as outlined in further in the Regulatory Circular.
SEC File No. SR-NYSE-2019-28 Notice of Filing of Proposed Rule Change Amending Section 303A.08 of the Listed Company Manual Relating to Shareholder Approval of Equity Compensation Plans
The Exchange proposes to amend Section 303A.08 of the Listed Company Manual to clarify the circumstances under which certain sales of a listed company’s securities will not be deemed to be equity compensation for purposes of that rule and to make a clarifying change in Section 312.04. The proposed rule change is available on the Exchange’s website at www.nyse.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room
SEC File No. File No. File No. SR-NYSE-2019-26 Notice of Filing and Immediate Effectiveness of Proposed Rule Change of New Rule 7.44 to Operate Its Retail Liquidity Program on Pillar, the Exchange’s New Technology Trading Platform
The Exchange proposes new Rule 7.44 to operate its Retail Liquidity Program on Pillar, the Exchange’s new technology trading platform. The proposed rule change is available on the Exchange’s website at www.nyse.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room.
FINRA is issuing this Notice to remind firms they must register with FINRA CAT, LLC (FINRA CAT) for reporting to the Consolidated Audit Trail (CAT). CAT registration commenced on March 18, 2019, and will run through June 27, 2019. All Industry Members, as defined under the CAT NMS Plan, that will have a CAT reporting obligation must register during this window. All questions regarding CAT registration should be directed to the FINRA CAT Helpdesk at (888) 696-3348 or firstname.lastname@example.org.
Cboe RG19-019 Elimination of On-Floor Position Transfer Procedures under Rule 6.49A Amendment to Presidential Exemption Related to Off-Floor Position Transfer Procedures
A rule change amending Cboe Options, Inc. (“Cboe Options”) Rule 6.49A, Transfer of Positions, has become effective and is now operative. Rule 6.49A had previously specified circumstances under which Trading Permit Holders (“TPHs”) may effect transfers of positions, both on and off the trading floor. As described in more detail in the rule filing and below, Rule 6.49A was amended to: (i) delete provisions related to the on-floor position transfer process; and (ii) amend provisions regarding the presidential exemption as it relates to off-floor position transfers.
MSRB Regulatory notice 2019-13 Request for Comment on MSRB Rule G-23 on Activities of Dealers Acting as Financial Advisors
The MSRB is seeking comment on MSRB Rule G-23, on activities of financial advisors, in connection with its ongoing retrospective review of MSRB rules and guidance. This request for comment is intended to elicit input on whether Rule G-23’s requirements on brokers, dealers and municipal securities dealers (together, “dealers”) acting in a financial advisor capacity to issuers with respect to the issuance of municipal securities, and related MSRB interpretive guidance, continue to achieve the rule’s intended purpose and reflect current practices in the municipal securities market. The MSRB invites all interested parties to submit comments in response to this request, along with any other information they believe would be useful. Comments should be submitted no later than August 19, 2019 and may be submitted in electronic or paper form.
This Notice provides information to assist market participants in understanding the short sale volume data published on FINRA’s website. FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to draw inaccurate conclusions about the level or nature of short selling activity in the relevant security. FINRA is issuing this Notice to further explain the published short sale volume data and provide several key points for market participants to consider when evaluating the data.
FINRA Regulatory Notice 19-18 FINRA Provides Guidance to Firms Regarding Suspicious Activity Monitoring and Reporting Obligations
FINRA is issuing this Notice to provide guidance to member firms regarding suspicious activity monitoring and reporting obligations under FINRA Rule 3310 (Anti-Money Laundering Compliance Program).
FINRA Regulatory Notice 19-17 FINRA Requests Comment on Proposed New Rule 4111 (Restricted Firm Obligations) Imposing Additional Obligations on Firms with a Significant History of Misconduct
As part of FINRA’s ongoing initiatives to protect investors from misconduct, FINRA is requesting comment on proposed new Rule 4111 (Restricted Firm Obligations) that would impose tailored obligations, including possible financial requirements, on designated member firms that cross specified numeric disclosure-event thresholds. These thresholds were developed through a thorough analysis and are based on the number of events at similarly sized peers. The member firms that could be subject to these obligations, while small in number, present heightened risk of harm to investors and their activities may undermine confidence in the securities markets as a whole. The proposal would further promote investor protection and market integrity and give FINRA another tool to incentivize member firms to comply with regulatory requirements and to pay arbitration awards.
Cboe Options Regulatory Circular 19-018 Consolidated Audit Trail Registration Deadline, Technical Specifications and Other Events
This Regulatory Circular is being issued to remind Members and Trading Permit Holders of certain Consolidated Audit Trail (CAT) related requirements and initiatives, as well as upcoming dates to keep in mind.
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