10 Mar 2025
📄Cboe EDGX Proposes Rule Change on Membership Termination Rights
Self-Regulatory Organizations; Cboe EDGX 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 EDGX Exchange has filed a notice with the SEC for a proposed rule change to amend Rule 2.8 regarding the voluntary termination of rights as a Member. The amendment outlines the procedure a Member must follow to terminate its membership rights, emphasizing prior notification to the Exchange by a specified deadline.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Cboe EDGX Exchange impacts registered brokers or dealers by establishing a formal process for voluntarily terminating membership. This requires compliance with new notification procedures, potentially affecting business operations and membership management.