29 Jan 2025
📈MIAX Pearl Proposes Governance Rule Changes for Immediate Effect
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the By-Laws
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by MIAX Pearl involves significant amendments to governance structures, particularly the elimination of compensation committees and updated processes for determining executive pay. This could affect financial executives and board members concerning compliance and compensation practices, indicating a shift in regulatory expectations.