10 Mar 2025
📊Cboe BYX Exchange Rule Change on Voluntary Termination of Membership
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 2.8, Voluntary Termination of Rights as a Member
Summary
The SEC has published a notice regarding the Cboe BYX Exchange's proposed rule change to amend Rule 2.8, which outlines the procedure for Members wishing to voluntarily terminate their membership rights. The proposed rule emphasizes notification requirements and the exchange’s authority to define specific submission methods, and invites public comments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change impacts compliance and regulatory requirements for Exchange Members by outlining new procedures for voluntary termination of membership rights. Businesses need to be aware of the specific notification process and deadlines to properly manage their membership status, potentially affecting operational continuity.