Eco-Stock Exchange Bid: Green Impact Seeks SEC Approval by July 2025
Published Date: 3/12/2025
Notice
Summary
Green Impact Exchange (GIX) is working to become a national securities exchange, which means they want to officially run a marketplace for buying and selling stocks. They've updated their application twice and asked for more time to get approval, now extended to July 18, 2025. This affects investors and companies looking for new trading options, but no money changes yet—just more paperwork and waiting.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 0 costs, 3 mixed.
GIX Will Allow Dual Listings
Amendment No. 2 states that GIX would allow a company listed on another national securities exchange to dually list its shares on GIX if the company meets the remaining listing standards in Chapter 14 (Rules 14.001 et seq.). This change is part of the amended proposed rules submitted on February 28, 2025.
SEC Review Extended to July 18, 2025
On March 6, 2025, GIX consented to extend the Commission's time to grant or deny its Form 1 application. The review period for GIX's registration application is now extended until July 18, 2025, and written comments must be submitted on or before March 27, 2025.
GIX Removes Green Governance Rule
In Amendment No. 2 (filed February 28, 2025), GIX eliminated the proposed Rule Series 14.425 titled "Green Governance Standards." Amendment No. 2 replaces and supersedes the earlier amendment filed February 4, 2025.
Dual Listing Agreement Law Changed to New York
Amendment No. 2 revises Exhibit H-3 to provide that the Dual Listing Agreement would be governed by the laws of the State of New York rather than the State of New Jersey. This revision is included in the February 28, 2025 filing.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-12252 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule To Establish Fees for the Trade-by-Trade Report
MIAX Pearl Options Exchange is adding new fees for their Trade-by-Trade Report starting now. Traders and firms who want this detailed report will pay a monthly subscription or a fee for one-time historical data requests, with discounts if they also buy related reports. This change helps the Exchange cover costs and keeps data access clear and fair.
2026-12259 — Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Options Regulatory Fee (ORF)
Starting July 1, 2026, Nasdaq Texas is raising the fee traders pay when they trade options, called the Options Regulatory Fee (ORF). This change affects anyone trading options on Nasdaq Texas and updates how the fee is described to match other Nasdaq exchanges. The new fee kicks in right after the filing, so traders should get ready for a slightly higher cost soon!
Previous / Next Documents
Previous: 2025-03888 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
The SEC is taking extra time to review new rules from Investors Exchange (IEX) about trading options on their upcoming platform, IEX Options. This affects traders and investors who want to use this new options market. The decision deadline is now extended to April 21, 2025, giving the SEC more time to consider public feedback and make sure everything’s set right.
Next: 2025-03890 — Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Taxation of Gain or Loss From Certain Nonfunctional Currency Transactions
The IRS wants your thoughts on how much paperwork people have to do when reporting profits or losses from certain foreign currency deals. This affects anyone dealing with these currency transactions and aims to keep tax rules clear without extra hassle. They’re asking for comments now to help decide if the current process needs changes or can stay the same.