The SEC Division of Trading and Markets issued updated guidance on daily customer and broker-dealer reserve computation requirements.
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The North American Securities Administrators Association urged Congress to vote against a bill, the "Increasing Investor Opportunities Act." NASAA claimed the legislation would weaken public market disclosure requirements without providing essential investor protections.
The National Credit Union Administration proposed four regulatory changes to clarify guidance on cybersecurity response programs, eliminate obsolete requirements for federal credit union conversions, remove outdated references to the Central Liquidity Facility, and update technical provisions in lending rules.
The SEC approved amendments to Nasdaq listing rules that accelerate delisting for companies whose securities trade at or below $0.10 for ten consecutive business days.
In preliminary findings based on a supervisory review, the Comptroller of the Currency found that nine of the largest national banks maintained policies between 2020 and 2023 that restricted access to banking services despite customers' lawful business activities.