8 Jul 2025
🏛️MEMX Proposes Nominating Committee Membership Changes
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend and Restate the Exchange's Second Amended and Restated Limited Liability Company Agreement as the Third Amended and Restated Limited Liability Company Agreement
Summary
The Securities and Exchange Commission published a notice from MEMX LLC regarding a proposed rule change to amend its Limited Liability Company Agreement. The update aims to modify membership requirements for the Nominating Committee, allowing more flexibility in candidate selection while aligning governance structures with those of its affiliate, MX2 LLC.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change increases flexibility for Nominating Committee membership, potentially allowing for a broader pool of qualified individuals. This impacts corporate governance structures, which could affect business owners and executives in their operational and strategic planning.