10 Mar 2025
📈Cboe EDGA Proposes Rule Change on Member Rights Termination
Self-Regulatory Organizations; Cboe EDGA 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 Cboe EDGA Exchange has proposed a rule change to amend Rule 2.8, which governs the voluntary termination of membership rights. Members must notify the Exchange before a specified deadline to formally terminate their membership at the end of the term, facilitating clear procedures for potential exits.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change regarding voluntary termination of rights as a member affects compliance for businesses operating as members of Cboe EDGA Exchange. This change necessitates proper notification to the Exchange, influencing how brokerage firms manage memberships and their functions.