10 Mar 2025
🏦Cboe BZX Exchange Proposes Change to Member Termination Rules
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 2.8, Voluntary Termination of Rights as a Member
Summary
The SEC announces the Cboe BZX Exchange's proposed amendment to Rule 2.8, detailing the process for members wishing to voluntarily terminate their membership rights. The change requires members to notify the Exchange before a specified deadline, impacting how membership rights are managed and terminated.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe BZX Exchange regarding the voluntary termination of member rights directly impacts business owners and executives, specifically in how they manage member status and obligations. Compliance with the new notification process may affect operational protocols and potential liabilities.