SEC Extends Reporting Rules for Security Futures Markets
Published Date: 12/23/2025
Notice
Summary
The SEC is asking for comments on extending the paperwork rules for futures markets that trade security futures products. These markets must keep the SEC updated with important info about their operations, rules, and trading every month. This extension won’t change costs but keeps the SEC in the loop to protect investors and keep markets fair.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Futures markets must keep Form 1‑N current
If you operate a futures market that trades security futures products, Rule 6a-4 and Form 1‑N require you to register and file an initial Form 1‑N with details about operations, rules, governance, membership criteria, subsidiaries/affiliates, and the security futures products you intend to trade. You must also file amendments for material changes, periodic updates, information provided to members, and a monthly report summarizing trading. The SEC estimates the total annual burden for all respondents is 128 hours and $995.20 in miscellaneous clerical expenses.
Filed Form 1‑N information is public
Information you file under Rule 6a-4 (17 CFR 240.6a-4) and Form 1‑N (17 CFR 249.10) is not kept confidential and will be public. Compliance with Rule 6a-4 is mandatory.
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