📈Cboe BZX Exchange Notice on Market Maker Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Various Provisions of Exchange Rule 14.11
Summary
The Securities and Exchange Commission has announced a longer review period for a proposed rule change from Cboe BZX Exchange, designed to modify requirements for registered Market Makers associated with Derivative Securities. The notice reflects ongoing consideration of the complexities involved in the proposed amendments, which may impact trading practices within the industry.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe BZX Exchange regarding registered Market Makers could significantly affect trading operations, compliance requirements, and operational strategies for businesses engaged in derivative securities. The extension of the review period suggests that the Commission is taking a careful approach, indicating potential complexities that could arise from the changes.