17 Apr 2025
📈Proposed Rule Change by Cboe BZX Exchange on Market Makers
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Various Provisions of Exchange Rule 14.11
Summary
The Securities and Exchange Commission has published a notice regarding a proposed rule change from Cboe BZX Exchange to amend Exchange Rule 14.11. The amendments aim to modify the reporting requirements for registered Market Makers trading in UTP Derivative Securities, allowing them to file a current list of Related Instrument Trading Accounts only at the Exchange's request. This regulatory adjustment seeks to streamline compliance and reduce related paperwork.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes affect registered Market Makers by easing the requirement for filing a list of Related Instrument Trading Accounts. This reduces regulatory burdens and can enhance trading flexibility, impacting compliance processes for affected businesses.