Live 262 sources monitored São Paulo --:--:-- Washington --:--:-- London --:--:-- Frankfurt --:--:-- Dubai --:--:-- Hong Kong --:--:-- Sydney --:--:-- 7 regions

Regulatory news and audio briefings from financial regulators worldwide — financial crime, AML, sanctions, fraud, digital assets and compliance

Regulatory heat map

Where it's moving right now · select a region to filter

Showing 24 hours 7 days 28 days 90 days 180 days Last year Everything

752 all regions

North America

Latin America

United Kingdom

106 Europe Close

87 Europe Close

Middle East & Africa

Asia-Pacific

Category

All Financial Crime 167 Governance & Accountability 153 Markets & Infrastructure 130 Prudential & Capital 78 AI, Technology & Data 78 Conduct & Consumer 74 Digital Assets 57 Sustainability 15

Within

Trading venues 37 Derivatives 22 Clearing & settlement 18 Payments & market infrastructure 7 Short selling & disclosure 2

Country

United States 422 United Kingdom 107 European Union 72 Global 57 Hong Kong 29 Malaysia 11 Luxembourg 8 United Arab Emirates 7 Germany 7 Singapore 4 France 4 Austria 4 Netherlands 3 Norway 2 Japan 2 Ghana 2 Switzerland 1 Sweden 1 Russia 1 Philippines 1 New Zealand 1 India 1 Finland 1 Euro area 1 Colombia 1 Bolivia 1 ASEAN 1

Regulator

DOJ Criminal Division 99 Federal Register — SEC 56 American Bankers Association — newsroom 47 CISA Advisories 37 BIS Press Releases 36 FCA 29 European Central Bank 26 HM Revenue & Customs 20 SEC Press Releases 16 Bank of England 15 Washington State DFI 14 Regulus Weekend Edition 14 US Federal Trade Commission — press releases 14 Financial Stability Board 14 FCA Publications 12 SFC Hong Kong 11 OCC Bulletins 11 FINRA 10 Federal Register — Treasury 10 CFTC — Commodity Futures Trading Commission 10 Federal Register — State Department 9 Securities and Exchange Commission 8 ISDA 8 Federal Reserve 8 ECB Banking Supervision 8 CSSF Luxembourg 8 SEC Speeches and Statements 7 HKMA — Hong Kong Monetary Authority 7 European Commission Digital Strategy 7 Deutsche Bundesbank — speeches 7 ADGM Abu Dhabi — announcements 7 Federal Register — NCUA 6 Federal Register — CFTC 6 ESMA 6 Bank of England Publications 6 Bank Negara Malaysia 6 Single Resolution Board 5 International Criminal Court 5 UK Competition and Markets Authority 5 NIST 4 IC3 — FBI Internet Crime Complaint Center 4 FMA Austria 4 Federal Register — Federal Reserve 4 Deutsche Bundesbank 4 Brdr.Hkma 4 Bank Policy Institute 4 Amlcft.Bnm 4 AFM Netherlands 4 FCDO — sanctions announcements 3 HM Treasury 3 Financial Services and the Treasury Bureau 3 Federal Reserve Speeches 3 UK DSIT 3 CFTC Enforcement 3 ASEANAPOL 3 AMF France 3 Alliance for Financial Inclusion 3 US Treasury — press releases 2 UN — press releases 2 Department for Business and Trade — export control 2 NIST — cybersecurity and identity updates 2 National Crime Agency UK 2 Hong Kong Exchanges and Clearing Limited 2 HM Treasury Consultations 2 Federal Register — FDIC 2 Federal Register — CFPB 2 Press Releases | FDIC.gov 2 European Data Protection Board 2 CFPB 2 Bank of Ghana 2 ACPR 2 UN News — global perspective 1 UK Finance — news 1 Texas State Securities Board 1 Singapore Police Force 1 Sveriges Riksbank 1 Osaka Exchange 1 OFSI 1 NCSC UK 1 MAS — Monetary Authority of Singapore 1 Euronext 1 International Association for Trusted Blockchain Applications 1 European Commission — Migration and Home Affairs 1 Govinfo 1 GFMA — Global Financial Markets Association 1 Finanstilsynet Norway 1 Federal Register — OCC 1 Federal Register — FinCEN 1 Federal Register — Industry and Security Bureau 1 Eurex 1 European Payments Council 1 EDB Singapore — Economic Development Board 1 CSSF / Banque centrale du Luxembourg 1 Cyber Security Agency of Singapore 1 Croatian Financial Services Supervisory Agency (HANFA) 1 Companies House 1 Commerce Commission New Zealand 1 Bank for International Settlements 1 Banco de España 1 Bank of Russia 1 Banco de la República 1 Banco Central de Bolivia (BCB) 1

Showing

region: NORTH_AMERICA × category: markets × since: all × Clear all

Filtered

Cards Wire 1–50 of 75

play

CFTC Enforcement Source document ↗

United States CFTC Enforcement Markets & Infrastructure ✓ 15 claims 03 Nov 2026

CFTC wins default judgment against Texas man, firm in commodities fraud case

The CFTC has secured a default judgment in the Northern District of Texas closing out a case first brought in 2023. The court found that Larrick and his firm solicited and misappropriated more than $3 million from participants, promising futures and options trading while running payments in the manner of a Ponzi scheme. This item sets out the findings, the monetary orders and the permanent bans imposed.

The court ordered a $9,767,625 civil monetary penalty and $3,255,875 in restitution against the defendants.
The court found the defendants misappropriated more than $3 million while falsely promising to trade futures and options in natural gas, oil and gold.
The judgment imposes a permanent injunction against further Commodity Exchange Act violations and permanent trading and registration bans.
The findings describe payments to existing participants akin to a Ponzi scheme, payment of Larrick's personal expenses and transfers to offshore accounts in Costa Rica.
The order resolves all claims in the CFTC's 2023 complaint, referenced as Press Release No. 8768-23.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 03 Nov 2026

SEC corrects comment address for FINRA accredited-investor exam proposal

The SEC has issued a technical correction to its October notice seeking comment on whether passing an accredited-investor examination to be developed by FINRA could qualify a natural person as an accredited investor. The correction amends only the ADDRESSES section telling commenters how to file. The underlying question, who counts as an accredited investor, remains open under File No. 4-931.

The correction amends the ADDRESSES section of the SEC's notice under File No. 4-931, Release No. 33-11445.
The underlying notice concerns designating passage of a FINRA-developed accredited-investor exam as qualifying natural persons as accredited investors.
The original notice appeared in the Federal Register on Monday, October 5, 2026, beginning on page 63344; the correction was filed November 2, 2026.
Comments should refer to File Number 4-931 and may be submitted electronically through the SEC comment form or by email to rule-comments@sec.gov.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 29 claims 02 Nov 2026

FINRA extends options rules to binary metric options and non-OCC clearing agencies

FINRA has rewritten its options rulebook to cover a new product category: cash-settled binary options that pay out on an issuer's reported metrics such as quarterly revenue or EPS, some of which clear outside OCC. The change took effect immediately as a non-controversial filing. This item covers what the amendments require of members and which obligations now attach to metric-based and non-OCC-cleared options.

The amendments apply FINRA's options framework to binary options, options on metrics and options cleared by a registered clearing agency other than OCC, including cash-settled binary metric options that pay $1 or $0 at expiration.
A new Rule 2360(b)(3)(D) sets position limits for binary options tied to the limits established by the listing exchange, paralleling the existing standardized equity option provision.
LOPR reporting is extended to options on metrics, and members must calculate aggregate positions using the exchange's contract equivalency conventions; Cboe treats 100 binary KPI contracts as one standard option.
Members must deliver the disclosure document of the applicable Registered Clearing Agency, not only OCC's, to customers approved for those products.
The change took effect on filing on October 22, 2026 with the 30-day operative delay waived, and comments are due by November 19, 2026 under File No. SR-FINRA-2026-022.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 31 Oct 2026

SEC weighs doubling swap dealer threshold for CFTC compliance option to $100bn

The SEC is soliciting public comment on a request from Mizuho Capital Markets LLC to raise the notional threshold that lets stand-alone security-based swap dealers opt into CFTC rules instead of SEC capital and margin requirements. The notice explains the rule's origin, MCM's rationale, and the questions the Commission wants answered before December 2, 2026.

Mizuho Capital Markets LLC requested on October 26, 2026 that the SEC raise Rule 18a-10's maximum fixed-dollar amount from $50 billion to $100 billion.
MCM is one of two stand-alone security-based swap dealers currently operating under the Rule 18a-10 alternative compliance mechanism.
MCM states that from 2022 to 2024 its SBS activity represented less than 0.25% of its total gross notional across SBS and swaps and only 1.47% of total active trade count.
The gross notional amount of SBS outstanding on December 26, 2025 was approximately $7,265.144 billion, per the Commission's report.
Comments on the proposed change are due on or before December 2, 2026, referencing File Number S7-2026-38.

Source document

play

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 13 claims 30 Oct 2026

Cboe adds complex order auction data to Missed Liquidity Report

Cboe Options filed an immediately effective rule change expanding its optional Missed Liquidity Report to cover Complex Order Auction and Complex Automated Improvement Mechanism events. Subscribers to the Cboe Timestamping Service should review what new auction data will become available and when, and whether it changes their latency and execution analysis.

Cboe filed SR-CBOE-2026-083 on October 21, 2026, as immediately effective under Section 19(b)(3)(A)(iii) and Rule 19b-4(f)(6).
The Missed Liquidity Report will now include Complex Order Auction (COA) and Complex Automated Improvement Mechanism (C-AIM) events.
A new price field will show each price level at which Auction Orders executed and where the Recipient Member's own orders, modify messages and quotes sat.
The same existing timing parameters apply: not to exceed 1 millisecond after, and 100 microseconds before, the first attempt to execute.
Implementation will occur no later than 60 days after the operative date, with the date announced via Exchange Notice; no fee changes are proposed in this filing.

Source document

0:15

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 14 claims 30 Oct 2026

SEC exempts certain inter-affiliate and non-U.S. repo trades from Treasury clearing

The SEC has granted exemptive relief excluding two categories of repo transactions from its Treasury clearing mandate: certain inter-affiliate trades and certain trades with non-U.S. counterparties. This briefing covers who qualifies, the conditions attached, and how it fits into the broader phased implementation timeline for central clearing of Treasury securities.

The SEC issued exemptive relief on October 30, 2026 excluding two categories of repo transactions from eligible secondary market transactions under the Treasury clearing rules.
Certain repo transactions involving non-U.S. counterparties are excluded, subject to specified limits and conditions set out in the SEC order.
Certain inter-affiliate repo transactions are excluded where the affiliate is not an investment company under Section 3 of the Investment Company Act of 1940 and otherwise meets the affiliated counterparty definition in Rule 17ad-22(a).
The Treasury clearing rules were adopted by the Commission in December 2023, with compliance dates since extended.
The SEC launched a consolidated implementation webpage in September 2025 covering FAQs, Commission and staff statements, and other resources.

Source document

play

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 17 claims 30 Oct 2026

Nasdaq ISE seeks finer $0.50 option strike intervals for top-tier ETFs under $100

Nasdaq ISE has filed a proposed rule change with the SEC to allow $0.50 strike price intervals on options over a select group of highly liquid ETFs priced below $100, for expirations between one and nine months out. The filing is open for public comment and sits with the Commission for approval. It matters to options market makers, listing desks and anyone building multi-month ETF hedges.

The proposal permits $0.50 strike intervals for options on ETF Qualifying Securities where the strike is below $100, for expirations more than one month and less than nine months from expiry.
Eligibility is restricted to ETFs meeting the Qualifying Securities criteria: AUM above $50 billion or $25 billion, specified monthly options volume thresholds, a position limit of at least 250,000 contracts, and participation in the Penny Interval Program.
Series listed at $0.50 intervals may remain if an ETF later fails the criteria, but no additional such series may be listed until it re-qualifies, with eligibility reassessed each calendar quarter.
Separate amendments clarify that Table 1 symbols trade their Short Term Option Daily Expirations regardless of Qualifying Securities status, while Table 2 expirations apply only in quarters a security qualifies; ISE states this does not substantively change the rules.
Comments are due 21 days after Federal Register publication, and the SEC must approve, disapprove or institute proceedings within 45 days, extendable to 90.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 15 claims 30 Oct 2026

Cboe BYX adds flexible pre-market Start Time order instruction

A routine but operationally relevant SEC filing covers a rule change at Cboe BYX Exchange that replaces a single fixed pre-market eligibility point with a flexible Start Time instruction. Compliance and trading operations teams managing order routing across Cboe-affiliated exchanges should note the implementation date and the unchanged restricted-order categories.

BYX proposes to amend Rule 11.1(a) to adopt a Start Time instruction allowing users to designate pre-market order eligibility in thirty-minute increments.
The earliest Start Time with practical effect is 7:00 a.m. and the latest permissible Start Time is 9:00 a.m., since execution eligibility begins with the Early Trading Session.
BYX intends to implement the change on December 7, 2026, in coordination with the same instruction on affiliate Cboe EDGX Exchange.
Restricted order types, including BYX Post Only Orders, ISOs, certain BYX Market Orders, Minimum Quantity Orders with Regular Hours Only, RPI Orders, and IOC/FOK orders, will not be accepted before 7:00 a.m. or, if later, before the order's designated Start Time.
The filing became effective immediately as a non-controversial rule change under Section 19(b)(3)(A)(iii) and Rule 19b-4(f)(6), with comments due by November 20, 2026.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 29 Oct 2026

MIAX Pearl fixes fee schedule gap on midpoint order liquidity codes

A SEC filing notice covering a MIAX Pearl Equities fee schedule amendment. The change is procedural, clarifying which liquidity indicator codes apply to an existing rebate tier program rather than altering any fees or rebates. Useful for compliance teams tracking exchange fee schedule accuracy and SEC rule filing mechanics.

MIAX Pearl filed SR-PEARL-2026-43 with the SEC on October 14, 2026 to add liquidity indicator codes "Ep" and "Fp" to Section 1)e) of its Fee Schedule.
The codes have applied to Midpoint Peg Order executions during the Early Trading Session and Late Trading Session since they were established in a February 2025 filing (SR-PEARL-2025-05).
The exchange states it does not propose to amend any current fees or rebates and that rebates have been correctly applied since the codes were established.
The SEC waived the normal 30-day operative delay under Rule 19b-4(f)(6)(iii), making the rule change operative upon filing.
Interested persons may submit written comments on the filing by November 16, 2026, referencing file number SR-PEARL-2026-43.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 23 claims 29 Oct 2026

SEC approves NYSE Texas rule offering $50,000 service package to large dual listings

The SEC has approved, on an accelerated basis, a NYSE Texas rule change codifying complimentary services for listed issuers and creating a one-time package worth roughly $50,000 for larger dual listings. The order sets out why a share-count threshold does not amount to unfair discrimination under the Exchange Act and frames the move as competition for Texas listings.

New Rule 24 under Article 22 of the NYSE Texas Rule Book codifies complimentary services for all listed issuers, including use of the Exchange's Dallas headquarters.
An "Eligible Dual Listing" must dual list under Rule 18 and have 160 million or more total shares of common stock issued and outstanding, or 160 million shares issued and outstanding in the U.S. for a non-U.S. company.
Eligible Dual Listings may receive a one-time package of visibility and investor engagement products and services with a commercial value of approximately $50,000.
The SEC approved the filing on an accelerated basis under Section 19(b)(2) while still soliciting comment on Amendment No. 1 by November 18, 2026.
The Commission found the change consistent with Sections 6(b)(4), 6(b)(5) and 6(b)(8) of the Exchange Act and treated the services as a discount on listing fees.

Source document

0:15

Federal Register — CFTC Source document ↗

United States Federal Register — CFTC Markets & Infrastructure ✓ 22 claims 29 Oct 2026

CFTC seeks OMB clearance to renew ownership and control reporting forms

The CFTC has forwarded its Ownership and Control Reports information collection to OMB's regulatory review office for a routine renewal under the Paperwork Reduction Act. The notice sets out which rules and forms are covered, the Commission's burden estimates, and its response to the single comment received during the earlier 60-day window. Compliance teams at FCMs, clearing members and swap reporting entities should note the comment deadline.

Comments to OIRA are due on or before November 30, 2026, under OMB Control No. 3038-0103.
The collection covers Forms 102A, 102B, 102S, 40, 40S and 71 arising under §§ 17.01, 18.04, 18.05 and 20.5.
The CFTC estimates 1,779 respondents, 102 average burden hours per respondent, and 188,980 total annual burden hours, on occasion.
One anonymous commenter said the burden analysis aggregated seven instruments across 1,779 heterogeneous entities without itemising form-specific burden; the Commission is retaining its estimates.
The 60-Day Notice was published August 6, 2026 at 91 FR 50813.

Source document

0:15

Federal Register — CFTC Source document ↗

United States Federal Register — CFTC Markets & Infrastructure ✓ 25 claims 29 Oct 2026

CFTC doubles its estimate of registered derivatives clearing organizations

This Federal Register notice renews a long-standing information collection covering DCO registration and ongoing reporting under CFTC Part 39. Behind the procedural language sits a sharp revision to the agency's own count of market participants, plus a pointed rejection of a request to use the process to impose new tokenized-collateral recordkeeping rules.

The Commission increased its estimate of registered DCOs from 13 to 24 and full-registration applicants from one to 10, based on data as of July 2026.
Total estimated annual burden hours for the collection rose to 98,886 across an estimated 109 respondents filing 26,119 annual responses.
Capital and start-up or operations and maintenance costs associated with the collection are estimated at $821,470.
A commenter's request to add recordkeeping and risk-analysis requirements for tokenized collateral, based on CFTC Staff Letter No. 25-39, was rejected because that guidance creates no additional rights or requirements.
Comments on the extension are due to OIRA by November 30, 2026, following an earlier 60-day comment period published August 6, 2026.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 28 Oct 2026

Cboe BYX widens fee definition to capture tokenized and dealer trading venues

Cboe BYX Exchange filed a fee schedule amendment broadening its 'Trading Platform' definition beyond exchanges, ATSs and ECNs to any system that systematically executes third-party orders electronically, including single-dealer platforms and tokenized venues. The change is effective immediately but open for comment, with implications for which venues pay the higher non-display data fee.

BYX filed SR-CboeBYX-2026-040 on October 19, 2026, replacing an earlier version it withdrew that had been submitted September 1, 2026 as SR-CboeBYX-2026-031.
The amended definition adds a catch-all category covering any system through which third-party orders are systematically executed by electronic means, naming broker crossing systems not filed as ATSs, systematic internalization systems, and decentralized blockchain-based or tokenized environments as examples.
A Trading Platform is subject to a fee of $2,000/month for BYX Depth for Non-Display Usage, versus $1,000/month for a non-Trading Platform.
The rule change became effective immediately under Section 19(b)(3)(A) of the Exchange Act, though the Commission may summarily suspend it within 60 days of filing.
Comments on the filing are due on or before November 16, 2026, referencing file number SR-CboeBYX-2026-040.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 28 Oct 2026

Cboe EDGX drops duplicate disclosure notice for UTP-traded funds

Cboe EDGX Exchange has filed an SEC rule change removing its requirement to issue a separate information circular before trading begins in securities admitted under unlisted trading privileges. The filing took effect immediately. This briefing covers what the rule change removes, what it adds, and why the Commission waived the standard 30-day delay.

The Exchange deleted Rule 14.1(c)(1) in its entirety, removing its own pre-trading information circular requirement for UTP Derivative Securities.
Rule 14.1(a) gains express cross-references to Rule 3.7 (suitability) and Rule 3.21 (customer disclosures for extended-hours trading).
Current Rule 14.1(c)(2)(B) is amended so the written description must be in a form approved by the listing exchange or prepared by the issuing open-ended management company.
Current Rules 14.1(c)(2) through (5) are renumbered as Rules 14.1(c)(1) through (4), with a conforming cross-reference update in Interpretations and Policies .01.
The SEC waived the standard 30-day operative delay under Rule 19b-4(f)(6)(iii), making the change effective upon filing, with comments due by November 16, 2026.

Source document

0:15

FINRA Source document ↗

United States FINRA Markets & Infrastructure ✓ 15 claims 28 Oct 2026

FINRA clarifies options rules now cover binary options, effective immediately

FINRA's October 28 digest confirms a rule change that already took effect this week: binary options now fall squarely under existing options oversight. Compliance and legal teams at member firms offering or clearing these products should understand which rules now apply and the margin computation changes before examiners ask about them.

Regulatory Notice 26-21, published Oct. 26, 2026, applies Rules 2220, 2360 and 4210 to binary options.
The notice covers binary options whose payout is based on an issuer's reported financial or operating metrics.
It also covers binary options cleared by a registered clearing agency other than The Options Clearing Corporation.
FINRA updated its Rule 4210 interpretations to clarify the required margin computations for binary options.
The rule changes took effect Oct. 22, 2026, four days before the explanatory notice was published.

Source document

3:09

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 22 claims 28 Oct 2026

NYSE American waives floor broker credit cap for October 2026 amid outcry volumes

NYSE American has filed an immediately effective fee change waiving, for October 2026, the monthly cap on combined Floor Broker credits for QCC trades and rebates under its Manual Billable Rebate Program. It is the latest in a run of adjustments to the same ceiling across 2025 and 2026, driven by what the exchange calls elevated open outcry volume and the risk that brokers hitting the cap redirect flow to rival venues.

The waiver removes, for October 2026 only, the per-firm monthly ceiling on combined Floor Broker QCC credits and Manual Billable Rebate Program rebates.
The cap was $3,000,000 in 2025, was raised to $4,000,000, waived for January and February 2026, and increased to $5,500,000 in March 2026.
The change is effective immediately on filing under Section 19(b)(3)(A) as a fee change; the SEC may summarily suspend it within 60 days.
NYSE American reports a 12.39% market share of executed multiply-listed equity and ETF options volume in September 2026, with no exchange above 16%.
No written comments were solicited or received; comments are due 21 days after Federal Register publication, file number SR-NYSEAMER-2026-95.

Source document

play

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 22 claims 28 Oct 2026

NSCC shifts annuity re-registration duties from ACATS to I&RS system

A procedural rule filing from NSCC changes how annuities and other insurance products move between broker-dealers during account transfers. The segment covers which ACATS functions are being retired, how the new I&RS-based process works, and the implementation date, relevant to any firm still relying on the legacy ACATS/Insurance Processing Service.

NSCC will implement the proposed rule change on November 20, 2026.
Fewer than ten Members currently use the ACATS/Insurance Processing Service, introduced in 2005.
NSCC will decommission the Insurance Registration (IR) Record, the insurance statistics file, and Receiver and Deliver Insurance Instructions.
Section 8 of NSCC Rule 50 will be amended to remove references to I&RS Products and related daily confirmation reports.
The filing took effect immediately under Section 19(b)(3)(A) and Rule 19b-4(f)(4), with the SEC retaining a 60-day window to suspend it.

Source document

play

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 12 claims 28 Oct 2026

CFTC sets December 15 roundtable on 24/7 derivatives trading

The CFTC has announced a public roundtable to discuss whether and how derivatives markets should move toward continuous trading. The session follows an earlier request for comment and will bring industry participants together to address infrastructure, staffing and market integrity questions before any rule changes are considered.

The CFTC will host the roundtable on December 15 at its Washington, D.C. headquarters.
The event builds on a Request for Comment on 24/7 trading that the CFTC issued earlier in the summer.
Topics will include overnight trading, tokenization, infrastructure and staffing needs, and operational readiness.
The roundtable will be open to the public and livestreamed on CFTC.gov, though in-person attendance may be limited.
Members of the public can submit speaker nominations by email, with agenda and registration details to follow.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 14 claims 28 Oct 2026

MEMX aligns erroneous-trade rules with new overnight LULD price bands

This filing covers MEMX's proposed amendment to Rule 11.15 on clearly erroneous executions, prompted by the SEC's approval of Overnight Price Bands for round-the-clock trading. Compliance and trading operations staff at member firms should review the mechanics, since the change alters when a trade can be broken during overnight hours and takes effect alongside industry-wide 23/5 trading.

MEMX filed the proposal on October 19, 2026 under File No. SR-MEMX-2026-33, effective immediately under Section 19(b)(3)(A)(iii).
The SEC approved Overnight Price Bands via Amendment 27 to the LULD Plan on August 5, 2026 (Release No. 106042).
The rule reverses changes MEMX made in its September 2026 23/5 Filing (SR-MEMX-2026-28) to Rule 11.15(c)(2)(A)-(D), (d)(3), and (f).
Overnight Protected Hours are defined as 9:00 p.m. ET through 4:00 a.m. ET, with separate Overnight Percentage Parameters applying to that window.
The change becomes operative at the start of industry-wide 23/5 trading, scheduled for December 6, 2026, with comments due by November 18, 2026.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 28 Oct 2026

SEC approves OCC overhaul of membership, risk and suspension rules

The SEC has approved a sweeping rule change filed by the Options Clearing Corporation covering clearing membership admission, ongoing standards, disciplinary proceedings and suspension rules. Compliance and risk teams at clearing members should understand the new physical office, capital, reporting and disciplinary provisions before they take effect.

OCC's Risk Committee may now delegate authority to approve or deny clearing membership applications to designated delegates or agents, removing the need to wait for quarterly Risk Committee meetings.
Proposed Rule 201(b) requires clearing member applicants to maintain at least one year of operating history in the same or substantially same business activity, or senior personnel with sufficient relevant experience.
Proposed Rule 204(g) and Rule 302(b) require applicants and clearing members to maintain physical office space unless OCC determines a remote model does not pose heightened risk, with on-site visits permitted on no more than 24 hours' notice.
Proposed amendments require notice of Statutory Disqualification or formal regulatory investigation within two business days, and amend Rule 301(b) to let OCC set discretionary minimum capital levels above current requirements.
Proposed Rule 1201(a) adds fines to OCC's available sanctions and sets out examples of sanctionable conduct, including providing false financial information or a pattern of regulatory infractions.

Source document

play

American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 11 claims 28 Oct 2026

ABA backs Nacha proposal to formally define 'banking day' in ACH rules

Nacha has proposed writing a formal definition of 'banking day' into its operating rules, replacing reliance on whether a bank is physically open. ABA's comment letter backs the change, arguing it modernizes how settlement timing is measured across the ACH Network. Relevant for payments and operations teams tracking ACH rule changes.

Nacha proposed defining 'banking day' as a calendar day other than a Saturday, Sunday or federal banking holiday in the United States.
The proposal would replace references to 'date' with 'banking day' in the definition of 'settlement date'.
The term 'business day' would be eliminated from that section of Nacha's rules.
ABA submitted a letter urging Nacha to adopt the proposal, citing greater certainty, consistency and operational fairness.
Current practice relies on an understanding that 'banking day' means Monday through Friday excluding federal holidays, according to Nacha.

Source document

play

American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 18 claims 28 Oct 2026

Eighth Circuit strikes down Fed's debit card interchange fee cap

A federal appeals court has struck down the Federal Reserve's 15-year-old Regulation II, which capped debit card interchange fees. This affects how banks with over $10 billion in assets calculate swipe fees, and the Fed must now rewrite the rule. Compliance and payments teams should track the Fed's response.

The Eighth U.S. Circuit Court of Appeals struck down the Fed's Regulation II debit card interchange fee structure, adopted in 2011.
The ruling upholds a lower court decision from August 2025 in which Judge Daniel Traynor found the Durbin Amendment bars the Fed from considering costs beyond incremental authorization, clearance or settlement.
Under the current rule, institutions with more than $10 billion in assets can collect 21 cents per debit transaction plus 0.05% of the transaction amount and an additional cent for fraud prevention.
The court ordered the Fed to rewrite the rule because it improperly allowed banks to include costs such as fraud prevention in swipe fee calculations.
A separate federal appellate court is considering similar questions in the Linney's Pizza case, where the district court upheld the Fed's rule.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 27 Oct 2026

NYSE moves to overhaul clearly erroneous trade rule and raise multi-stock threshold

The SEC has put out for comment a NYSE proposal to rewrite Rule 7.10 on clearly erroneous executions. The filing reorganises the rule into definitions, availability and procedures, raises the multi-stock event threshold, removes multi-day event provisions and codifies cross-market coordination. For anyone trading NYSE-listed names, it changes when a trade can be broken and who can trigger review.

NYSE filed the proposal on October 8, 2026 and the SEC published notice in the Federal Register on October 23, 2026 to solicit comments.
The multi-stock event definition would rise to 50 or more securities executed within five minutes, up from 20 in the current rule, a threshold NYSE says has not been updated since 2010.
Rule 7.10 would be reorganised into three paragraphs: (a) Definitions, (b) Availability of Clearly Erroneous Review structured as numbered Cases 1 to 5, and (c) Procedures.
A new cross-market coordination provision would codify the Exchange's practice of coordinating with other SROs, and current paragraph (b)(2) on routed executions would be deleted.
Several deadlines would move to 8:30 a.m. Eastern Time on the following trading day in light of T+1 settlement, and CEE Panel member representatives would be cut to 5 from 10.

Source document

0:15

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 13 claims 27 Oct 2026

CFTC chairman Selig headlines agricultural futures conference in Kansas

A CFTC press release recaps the two-day AgCon 2026 conference co-hosted with Kansas State University, where Chairman Michael Selig and industry, government and academic speakers discussed agricultural risk management alongside emerging derivatives market topics. Useful for tracking where the Commission's attention is turning, even though no rules or proposals were announced.

The CFTC and Kansas State University's Risk Management Center co-hosted the two-day AgCon 2026 conference in Overland Park, Kansas, the prior week.
Chairman Michael S. Selig delivered opening and closing remarks and held a fireside chat with Futures Industry Association President and CEO Walt Lukken.
Panels covered perpetual futures, 24/7 trading and tokenized collateral alongside traditional agricultural hedging and credit access topics.
USDA Deputy Secretary Stephen Vaden gave a first-day keynote and Senator Roger Marshall of Kansas opened the second day with remarks on agricultural policy.
Separate sessions examined agricultural prediction markets, event contracts, and clearing, market access and the role of intermediaries.

Source document

0:15

Securities and Exchange Commission Source document ↗

United States Securities and Exchange Commission Markets & Infrastructure ✓ 15 claims 27 Oct 2026

NYSE American raises ByRDs market-cap listing bar from $40bn to $290bn

NYSE American has filed an immediately effective rule change altering how its Binary Return Derivatives (ByRDs) settle and which underlying stocks qualify for listing. The filing touches settlement methodology, listing thresholds, market maker quoting duties and order-protection checks, with implications for any firm trading or market-making these binary options products.

The settlement price for expiring ByRDs options will now be the underlying security's Closing Price as reported by the primary listing market, replacing the current all-day composite VWAP.
The minimum market capitalization requirement for individual-stock ByRDs listings rises from $40 billion to $290 billion under amended Rule 915ByRDs, Commentary .01.
A new initial and continued listing standard requires an average daily trading value in the primary listing market's closing auction of at least $10 million over the prior six months.
The exchange is eliminating its settlement-price rounding practice, so Finish High ByRDs pay $100 if the underlying closes at or above the strike price and Finish Low ByRDs pay $100 if it closes below the strike.
Market makers appointed to a ByRDs contract will no longer be required to enter continuous quotations unless they affirmatively choose to participate in that series.

Source document

0:15

SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Markets & Infrastructure ✓ 19 claims 27 Oct 2026

Atkins directs SEC staff to redraw gun-jumping rules in IPO overhaul

SEC Chairman Paul Atkins used remarks to the Small Business Capital Formation Advisory Committee to set out where his IPO Modernization initiative is heading next: a staff review of the Securities Act gun-jumping prohibitions, the first comprehensive look at the Commission's communication rules since 2005. He also flagged pending work on accredited-investor qualification and Regulation Crowdfunding reform.

Atkins has directed SEC staff to explore re-evaluating content and audience limits on offering communications and brighter lines on when a communication is an 'offer'.
Staff are also to consider cure provisions to reduce 'foot fault' gun-jumping violations by issuers.
The Commission has not completed a comprehensive review of its communication rules since 2005.
Last month the Commission issued notices of potential additional accredited-investor designations, including qualification by passing a FINRA-developed exam.
More than 9,800 Regulation Crowdfunding offerings have raised an average of $364,000 over the last decade, and Atkins has asked staff to evaluate amendments to the rules.

Source document

0:15

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 13 claims 27 Oct 2026

CFTC sues Utah to block state enforcement against prediction markets

The CFTC has gone to court against Utah over the state's attempt to shut down CFTC-registered prediction markets. The dispute turns on federal preemption and the Commission's claim to exclusive jurisdiction over event contracts. This item matters to any venue listing event contracts and to firms tracking where the state-federal line on prediction markets is being drawn.

The CFTC filed a lawsuit against Utah to stop the state using its own laws to shut down CFTC-registered contract markets.
The suit follows Utah's civil enforcement actions in state court against CFTC-regulated markets and other businesses.
The Commission asserts exclusive federal jurisdiction over commodity derivatives and prediction markets under congressional preemption.
The CFTC says it has initiated legal proceedings against nine other states and filed briefs in four federal courts of appeal and one state supreme court.

Source document

0:15

FINRA Source document ↗

United States FINRA Markets & Infrastructure ✓ 16 claims 27 Oct 2026

FINRA interpretation lets portfolio-margin firms margin hedging swaps with dealers on a PM basis

FINRA has added an interpretation to Rule 4240, its margin regime for security-based swaps carried by members that are not registered SBS dealers. Published October 27, 2026, it narrows one computation: how a portfolio-margin-approved firm sets initial margin on an Uncleared Basic SBS entered with a dealer counterparty to hedge its own commercial risk. The change is technical but affects capital and collateral for firms running SBS books under portfolio margin.

The interpretation, dated October 27, 2026, sits under Rule 4240(b)(2)(A)(ii), which governs the Initial Margin Requirement on an Uncleared Basic SBS by reference to Rule 4210 margin on the Equivalent Margin Account.
It applies only where the member is approved to offer portfolio margin and the counterparty is a registered security-based swap dealer under Exchange Act section 15F.
The swap must be entered to hedge or mitigate the member's commercial risk as defined in SEA Rule 3a67-4.
The portfolio-margin treatment is available only if expressly permitted under the member's written risk analysis methodology submitted to FINRA under Rule 4210(g).
Rule 4240 itself does not apply to members registered as security-based swap dealers, which instead comply with SEA Rule 18a-3.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 27 Oct 2026

SEC grants Cboe Clear U.S. temporary registration as securities clearing agency

The SEC has approved temporary clearing agency registration for Cboe Clear U.S., a Cboe subsidiary seeking to act as central counterparty for binary options including options tied to issuer KPIs. The order covers governance, risk management and one public comment on vertical integration risk.

CCUS filed its Form CA-1 application on June 30, 2026, and amended it on July 7, July 17, August 18, September 4 and October 1, 2026.
The Commission's order grants temporary registration for 18 months from October 22, 2026, with an exemption from certain Section 17A(b)(3)(B) and (F) determinations.
CCUS acknowledges its Rules do not yet reference all participant categories enumerated in Section 17A(b)(3)(B) of the Exchange Act.
CCUS may assess non-defaulting clearing members up to 300% of their Guaranty Fund Deposit for a single default, or up to 600% for multiple defaults.
The sole comment letter supported temporary registration as a stopgap but raised concerns about the risk of vertically integrated clearing solutions ahead of any permanent registration.

Source document

0:15

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 10 claims 27 Oct 2026

CFTC staff extend Brexit-related no-action relief for UK derivatives entities

The CFTC's Market Participants Division and Division of Market Oversight have extended temporary no-action positions tied to Brexit, first put in place to preserve continuity in UK-US derivatives trading and clearing. This item covers what changed, which prior letters it builds on, and why the relief remains in force.

CFTC Staff Letter No. 26-28, issued October 1, 2026, extends Brexit-related no-action positions announced in Letter No. 24-11 as amended by Letter No. 26-10.
The relief traces to a February 25, 2019 joint statement by the CFTC, the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority (CFTC Press Release No. 7876-19).
The positions aim to maintain the regulatory certainty established when the CFTC originally issued EU comparability determinations and exemptive orders for certain EU entities.
MPD and DMO say the extension remains appropriate while the CFTC works with UK authorities to analyze UK law and, where appropriate, issue UK comparability determinations and exemptive orders for certain UK entities.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 22 claims 26 Oct 2026

SEC lets LTSE codify dual-listing requirement effective immediately

A short SEC filing notice covering a technical rule change at the Long-Term Stock Exchange. Useful for listings and market structure counsel tracking how niche exchanges formalise dual-listing models, and for anyone benchmarking SRO rule filings that proceed on an immediately effective, non-controversial basis.

LTSE filed the proposed rule change with the SEC on October 5, 2026, as File No. SR-LTSE-2026-23.
The new Supplementary Material .02 to Rule 14.210 requires all LTSE-listed companies to also be listed on another registered national securities exchange.
LTSE states the rule text is identical in substance to Nasdaq Texas, LLC's IM-5220-1.
The SEC waived the standard 30-day operative delay, making the rule change effective upon filing rather than after 30 days.
Public comments on the filing must be submitted by November 12, 2026, referencing file number SR-LTSE-2026-23.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 26 Oct 2026

MIAX files minor cross-reference fix to CAT reporting rule

MIAX has filed a proposed rule change with the SEC to clean up drafting errors in Exchange Rule 1703, its Consolidated Audit Trail Compliance Rule for Industry Member Data Reporting. The filing is effective immediately under the SEC's expedited process. This brief covers what changed, why the Exchange says it is non-substantive, and the comment deadline.

MIAX filed SR-MIAX-2026-42 with the SEC on October 9, 2026 to amend Exchange Rule 1703.
The filing corrects references in Rules 1703(a)(1) and 1703(a)(2) from 'paragraph (3)' to 'paragraph (a)(3)'.
A closing parenthesis is added after 'Industry Member Data' in Rule 1703(a)(2) for grammatical accuracy.
The rule change became effective under Section 19(b)(3)(A) and Rule 19b-4(f)(6), with the SEC able to suspend it within 60 days.
Public comments on file number SR-MIAX-2026-42 are due on or before November 12, 2026.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 20 claims 26 Oct 2026

MIAX Pearl files to fix typo in minor rule violation fine table

MIAX Pearl has filed an immediately effective rule change with the SEC to fix a typographical error in its minor rule violation fine schedule. The correction touches one cell in the sanctions table for violations of Rule 520(b). It changes nothing operationally, but it is on the public comment docket until November 12, 2026, and is the kind of filing compliance teams tracking the exchange's rulebook should log.

MIAX Pearl is correcting the fourth row of Rule 1014(d)(5) to read '16 to 20' instead of the current '16 or 20'.
The table sets sanctions for violations of Rule 520(b), ranging from a Letter of Caution for 1 to 5 violations to a $500 fine for 6 to 10 violations within one calendar year.
The filing, SR-PEARL-2026-42, became effective on filing under Section 19(b)(3)(A) and Rule 19b-4(f)(6), with no comments solicited or received.
The SEC may summarily suspend the change within 60 days of the October 9, 2026 filing, and comments are open until November 12, 2026.

Source document

0:15

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 15 claims 26 Oct 2026

CFTC signs integrity MOU with NBA on prediction markets

The CFTC has formalised an information-sharing arrangement with the NBA aimed at policing prediction markets tied to professional basketball. The announcement is brief but signals where the regulator is focusing attention as sports-linked prediction markets grow, and compliance teams at designated contract markets should note the pattern forming across leagues.

The CFTC and the NBA signed a Memorandum of Understanding announced on October 26, 2026.
The MOU covers regular communication and information sharing on integrity matters and on maintaining fair and transparent prediction markets.
The NBA is the third professional sports league to sign such an MOU with the CFTC, following the MLB and NHL.
CFTC Chairman Michael S. Selig cited insider trading and fraud as abuses the arrangement is meant to guard against.
The release does not disclose specific data-sharing protocols, timelines, or enforcement powers under the MOU.

Source document

play

FINRA Source document ↗

United States FINRA Markets & Infrastructure ✓ 15 claims 26 Oct 2026

FINRA extends options rulebook to binary options and non-OCC clearing

FINRA has pulled binary options, including the new 'binary metric options' tied to an issuer's reported financials and those cleared outside OCC, squarely inside its existing listed options rules. The changes touch options communications, trading, suitability, supervision and margin, and took effect immediately. This segment covers what the amendments define, which rules they reach and what members must now apply.

Amendments to Rules 2220, 2360 and 4210 apply FINRA's listed options framework to binary options, metric options and options cleared outside OCC, effective October 22, 2026.
Rule 2360 adds definitions of 'binary option' (Rule 2360(a)(2)) and 'underlying metric' (Rule 2360(a)(38)) and revises existing definitions to cover options overlying a metric.
Four updated Rule 4210 interpretations address binary option requirements, spreads, straddles or similar combinations, and margin under 4210(f)(2)(N)(ii).
The changes respond to exchange proposals filed with the SEC to list 'binary metric options' whose settlement amount is fixed at creation and payout depends on an issuer's reported metrics.
Conforming updates were also made to Rules 2351 and 2357 covering index warrants, currency index warrants and currency warrants.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 26 Oct 2026

Cboe BZX scraps $4,000 legacy fee for pre-2019 ETP listings from 2027

Cboe BZX has filed an immediately effective rule change removing the discounted annual listing fee it has preserved since 2019 for older exchange-traded products. The change reprices a cohort of legacy ETP issuers onto the exchange's standard fee grid from calendar year 2027, and the SEC is taking comment until mid-November while the rule is already in force.

BZX will delete the Legacy Listing category from Rule 14.13(b)(2)(E), ending the $4,000 annual fee for ETPs listed before January 1, 2019.
Former legacy products will be charged the lowest applicable fee they otherwise qualify for, including CADV-based fees of $5,000 to $7,000.
The $4,000 fee survives for Transfer Listings, which BZX frames as an incentive to attract listings from rival exchanges.
The change applies from annual listing fees assessed for calendar year 2027 and does not affect any 2026 assessment.
The rule is immediately effective, but comments on file number SR-CboeBZX-2026-085 are due by November 16, 2026.

Source document

play

CFTC — Commodity Futures Trading Commission Source document ↗

United States CFTC — Commodity Futures Trading Commission Markets & Infrastructure ✓ 10 claims 26 Oct 2026

CFTC lets DCMs convert perpetual-style index futures into true perpetuals

The CFTC's Division of Market Oversight has issued no-action relief allowing designated contract markets to convert perpetual-style broad-based security index futures into true perpetual contracts. The letter sets out customer protection and procedural conditions exchanges must meet, and carries a short expiry date that market infrastructure teams should note.

The CFTC's Division of Market Oversight issued no-action relief for DCMs converting perpetual-style broad-based security index futures into true perpetual futures.
Conditions include soliciting feedback from market participants with open positions and providing advance notice with an opportunity to exit positions.
DCMs must offer appropriate risk disclosures and ensure no other material contract terms are modified.
DCMs must file the amendments under CFTC Regulations 40.5 or 40.6 and certify compliance with all conditions in the letter.
The no-action positions expire on October 20, 2026.

Source document

play

Federal Register — CFTC Source document ↗

United States Federal Register — CFTC Markets & Infrastructure ✓ 20 claims 26 Oct 2026

CFTC keeps swap data reporting burden estimate despite data accuracy challenge

A routine Paperwork Reduction Act notice turns substantive: two commenters challenged whether swap data reported under CFTC part 45 is even truthful, and whether the Commission's burden estimates hold up. The CFTC rejected both without changing its numbers. This is a quick read for anyone whose firm reports under 3038-0096.

Comments on the renewed collection must be submitted to OIRA by November 5, 2026.
The Commission estimates 1,732 respondents with an average of 839 burden hours each, totalling 1,452,730 annual burden hours as stated in the notice.
Two commenters during the prior 60-day review period challenged the accuracy of reported swap data and the Commission's cost estimates, but the CFTC found neither provided supporting evidence.
The collection applies to swap dealers, major swap participants, SEFs, DCMs, DCOs and non-SD/MSP/DCO counterparties under part 45, adopted in 2012 and amended by final rule in 2020.
The Commission states there are no capital costs or operating and maintenance costs associated with this collection.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 26 Oct 2026

SEC opens disapproval review of NYSE American FLEX equity option plan

NYSE American filed to extend cash settlement, currently available for ETF FLEX equity options, to as many as 50 non-ETF FLEX equity options, and to change how qualifying securities are selected. The SEC has instituted proceedings under Section 19(b)(2)(B) to decide whether to approve or disapprove the change, and is asking for further comment before acting.

NYSE American filed the proposal on June 29, 2026, and it was published for comment on July 7, 2026.
The change would permit cash settlement for up to 50 non-ETF FLEX Equity Options under Rule 903G.
Selection of qualifying securities would shift to highest average daily notional value instead of highest average daily share volume.
The SEC must decide whether the proposal is consistent with Section 6(b)(5) of the Exchange Act.
Written comments are due by October 27, 2026, and rebuttal comments by November 10, 2026.

Source document

play

American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 13 claims 26 Oct 2026

ABA DataBank reports home purchase cancellations near record highs

The ABA's DataBank item records that home purchase cancellations are running near record highs. The note appears on the ABA Banking Journal newsroom alongside a cluster of federal housing actions and rate data, giving mortgage lenders and economists a snapshot of deteriorating conditions in the single-family purchase market.

The ABA DataBank note, dated October 23, 2026, reports that home purchase cancellations are near record highs.
The item is tagged to affordable housing and carries no cancellation figures in its published text.
Separately on the same newsroom, the 15-year fixed-rate mortgage declined to 6.68% from 6.71% the prior week, after seven weeks of gains.
A Treasury proposed rule would bar investors controlling at least 350 homes from single-family housing, with penalties from $1 million to three times the purchase price.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 25 claims 26 Oct 2026

IEX tightens options risk control settings before Oct 2 launch of IEX Options

Days before IEX begins trading options, the exchange filed changes to three calibration variables in the risk control that lets market makers cancel or reprice quotes ahead of adverse moves in the underlying. The filing took effect immediately. We cover what moved, why IEX says the settings are more conservative, and the narrow window the SEC has to intervene.

The Delta Bound Band changes from an initial value of 0-1 to a proposed 0.30-1.00, the Quote Instability Threshold from 0.1% to 0.5%, and implied volatility calculation frequency from each half hour to each one minute.
The changes amend Supplementary Materials .04 and .05 to IEX Rule 23.150(h) and sit within ranges the Commission previously approved.
The filing became effective immediately under Rule 19b-4(f)(1) as an interpretation of an existing rule, requiring no prior SEC approval.
IEX Options is scheduled to begin trading on October 2, 2026, and IEX will issue a Trading Alert on effectiveness.
Written comments were neither solicited nor received; the SEC may summarily suspend the change within 60 days of filing, and comments are due by October 27, 2026.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 17 claims 26 Oct 2026

SEC overrules own staff, approves OCC clearing fund shift Fidelity opposed

The SEC has issued a de novo order on OCC's proposal to reweight how Clearing Members fund the mutualized Clearing Fund, shifting the formula toward stress-loss shortfall rather than open interest. Fidelity petitioned against the staff-level approval, arguing it disadvantages agency brokers. This covers the Commission's reasoning for overriding that objection and approving the change.

OCC filed the proposed rule change SR-OCC-2025-018 with the SEC on September 26, 2025.
The new weighting scheme is 70% shortfall, 15% margin and 15% volume, replacing 70% total risk, 15% open interest and 15% volume.
OCC's lookback period for allocation-related measures moves from one month to three months of data.
New Rule 1003(c) gives OCC sole discretion to hold Clearing Fund allocation weights constant month-over-month during volatile conditions.
For the top 15 Clearing Fund allocations in June 2026, nine members would have seen increases of +8.69% to +104.78% and six would have seen decreases of -4.79% to -39.97% under the proposal.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 12 claims 26 Oct 2026

SEC acknowledges ICE Futures U.S. notice of national exchange registration

A short Federal Register notice confirms the SEC's receipt of a Form 1-N from ICE Futures U.S., the mechanism by which a CFTC-designated contract market registers as a national securities exchange solely for security futures trading. It matters chiefly as a procedural marker for firms tracking venue status and registration effective dates under Exchange Act Section 6(g).

ICE Futures U.S., Inc. filed a Form 1-N with the SEC on September 30, 2026.
The Commission acknowledged receipt of the Form 1-N under Exchange Act Section 6(g)(3) in Release No. 34-106567, File No. 10-256, dated October 1, 2026.
Under Section 6(g)(2)(B) of the Exchange Act, registration as a national securities exchange becomes effective contemporaneously with the written notice's submission.
The Division of Trading and Markets examines the Form 1-N under Rule 202.3(b)(3) to determine whether all necessary information and required documents have been properly furnished.
Copies of the Form 1-N and all exhibits are available on the SEC's website.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 21 claims 25 Oct 2026

SEC opens comment on CMESC default management rule change

The SEC has published for comment a proposed rule change from CME Securities Clearing that rewrites how the clearing agency documents the handling of a Participant default. The amendments add detail on using a third-party liquidation agent and execution brokers, clarify the Risk Management Committee's role, and make administrative fixes. CMESC has no Members or Users yet, so this is framework in advance of operations.

CMESC would amend Section 14.1.1 of its Risk Management Framework to specify that the close-out of a defaulted Participant's portfolio may use a liquidation agent and one or more execution brokers.
The amended framework provides that CMESC may hold an account with an execution broker as principal, receiving back-to-back trades that mirror the liquidation agent's close-out trades to keep a net flat position.
Section 14 would clarify that the Risk Management Committee (CSRMC) provides guidance on the design of default procedures, changing its role from discretionary and advisory.
CMESC states it currently has no Members or Users and has neither received nor solicited written comments on the proposal.
Comments are due by November 12, 2026, and the Commission must approve, disapprove or institute proceedings within 45 days of publication, extendable up to 90.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 13 claims 23 Oct 2026

SEC extends review of NYSE Texas plan to give issuers complimentary products

The SEC has given itself more time to rule on a NYSE Texas proposal to offer certain listed issuers complimentary products and services under a new exchange rule. This is a procedural extension under the Exchange Act, but it signals the Commission wants longer to weigh a filing that was substantially rewritten before the comment window closed. The item matters to anyone tracking exchange listing incentives.

NYSE Texas filed the proposed rule change on 13 August 2026 and Amendment No. 1 on 5 October 2026, which superseded the original filing in its entirety.
The proposal would adopt new Rule 24 under Article 22 of the NYSE Texas Rule Book to offer certain issuers complimentary products and services.
The SEC designated 30 November 2026 as the date by which it will approve, disapprove, or institute proceedings on the filing (File No. SR-NYSETEX-2026-30).
The Commission has received no comments on the proposed rule change.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

OCC proposes two-hour cyber incident reporting deadline for clearing members

The SEC has opened a comment period on OCC's proposed overhaul of Rule 213, its cybersecurity obligations rule for clearing members. The filing replaces the existing 'Security Incident' standard with a new reporting regime carrying a fixed two-hour notification clock and a tiered 'Major' event category triggering OCC's disconnection authority.

Clearing Members must notify OCC in writing no later than two hours after becoming aware of a Clearing Member System Event.
OCC may disconnect a Clearing Member or its Third-Party Service Provider upon declaring a 'Major Clearing Member System Event,' which requires approval from two or more Designated Officers and notification to the Chairman of the Board.
The Cybersecurity Confirmation attestation, required at least every two years and within 180 calendar days of OCC's notice, may now be signed by any authorized senior executive rather than a specifically designated one.
OCC's definition of 'OCC's Systems' is expanded to include established communication channels such as File Transfer Protocols, not only direct connections.
Late notification beyond the two-hour window will be evaluated under OCC's disciplinary process set out in Chapter XII of its Rules.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

SEC approves FINRA exemption letting collective trust funds buy IPO shares

The SEC has approved a FINRA rule change exempting certain collective trust funds from restrictions that otherwise bar related persons from buying initial public offering shares. The order explains why FINRA dropped a numeric participant threshold it had originally proposed, and what safeguards remain in its place.

The SEC approved SR-FINRA-2026-007 on October 2, 2026, exempting specified collective trust funds from FINRA Rule 5130 and from the spinning provision in Rule 5131(b).
The exemption applies only if the CTF was not formed or maintained for the specific purpose of permitting restricted persons to invest in new issues.
FINRA removed an originally proposed condition requiring 1,000 or more plan participants and beneficiaries after two commenters said the condition was difficult to administer.
The Commission received two comment letters, from the Coalition of Collective Investment Trusts and the Investment Company Institute, both filed May 1, 2026.
FINRA filed Partial Amendment No. 1 on July 8, 2026, and the Commission instituted proceedings on July 9, 2026 before ultimately approving the filing as amended.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

BZX adds IEX to options routing fee code at $0.25 per contract

Cboe BZX has amended its options Fees Schedule to add IEX Exchange to fee code RP, the sub-category covering Customer orders routed away to other venues. The charge is unchanged at $0.25 per contract. The filing took immediate effect under Section 19(b)(3)(A), and the SEC is taking comment through 3 November 2026.

Fee code RP is extended to cover Customer orders routed to IEX, which BZX describes as a national securities exchange.
The per-contract charge under fee code RP remains $0.25; the addition does not change it.
The change took immediate effect on 1 October 2026 under Section 19(b)(3)(A) of the Act and Rule 19b-4(f).
Comments on File No. SR-CboeBZX-2026-083 are due on or before 3 November 2026, and the SEC may suspend the change within 60 days of filing.

Source document

play

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

Nasdaq Texas extends clearly erroneous trade rules to overnight sessions

Nasdaq Texas filed a rule change with the SEC amending its Clearly Erroneous Transactions rule to cover the new Overnight Price Bands approved for round-the-clock equity trading. Compliance and trading operations staff at broker-dealers should understand how trade-busting eligibility shifts once overnight trading begins.

Nasdaq Texas filed proposed rule change SR-NasdaqTX-2026-047 with the SEC on September 25, 2026.
The amendment extends Rule 11890's bar on clearly erroneous review during Market Hours to the new Overnight Protected Hours, defined as 9:00 p.m. to 4:00 a.m. ET.
The Commission approved Overnight Price Bands under the LULD Plan on August 5, 2026 via the 27th Amendment to that plan.
Transactions in NMS stocks not subject to the LULD Plan, such as rights and warrants, executed overnight would be reviewed using the Numerical Guidelines that currently apply to Pre-Market and Post-Market Hours.
The rule change is scheduled to become operative December 6, 2026, when industry-wide 23/5 trading commences, and public comments are due by November 3, 2026.

Source document

0:15

Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 23 Oct 2026

Nasdaq Texas drops duplicate circular rule for UTP derivative securities

Nasdaq Texas has filed a rule change, effective on filing, removing its own requirement to distribute an information circular before UTP derivative securities begin trading on the exchange. The filing also updates cross-references and renumbers rule provisions. Compliance teams at member firms should check how this affects their internal disclosure and suitability workflows for these products.

Nasdaq Texas deleted Rule 5740(a)(1), ending its requirement to distribute its own information circular before UTP Derivative Security trading begins.
Rule 5740(a)(2) now requires the written description to be provided in a form approved by the listing exchange or prepared by the issuing open-ended management company, no later than delivery of the first transaction confirmation.
The exchange added express cross-references to General 9, Section 10 (suitability) and Equity 2, Section 20 (customer disclosures) in the introductory paragraph of Rule 5740.
The SEC waived the usual 30-day operative delay under Rule 19b-4(f)(6)(iii), making the change effective upon filing on September 28, 2026.
Comments on file number SR-NasdaqTX-2026-049 are due on or before November 3, 2026.

Source document