The SEC proposed two new rules to overhaul the public company framework for the registration of securities: one to broaden access to shelf offerings and preempt state securities registration requirements, the other to raise the public float threshold for large accelerated filer status to $2 billion.

The SEC granted accelerated approval to Nasdaq Stock Market rule changes that (i) impose a $25 million minimum proceeds or market-value threshold on initial listings by companies principally operating in China, and (ii) bar those issuers from listing on the Nasdaq exchanges.

The SEC rescinded informal procedures that barred the agency from settling enforcement actions where the defendant or respondent publicly denied the allegations.

The Managed Funds Association MFA supported SEC proposed amendments to refocus the OTC Quotation Rule on the equity markets, but recommended carve outs for convertible securities, options, and bilaterally negotiated derivatives.

NCUA proposed standards for the issuance of payment stablecoins by credit union subsidiaries under the GENIUS Act.