13 Jun 2025
📈SEC Notice on Miami Exchange Rule 1327 for Options Transfers
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Rule 1327, In-Kind Exchange of Options Positions and ETF Shares and UIT Units
Summary
The SEC published a notice on the Miami International Securities Exchange's proposed Rule 1327, which aims to allow in-kind exchanges of options positions and ETF shares. This rule change addresses current limitations on transfers, potentially improving tax efficiency and operational capabilities for investment vehicles like ETFs and UITs, ultimately benefiting investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed Rule 1327 permits in-kind exchanges of options positions and ETF shares, enhancing tax efficiency and operational flexibility for ETFs and UITs. This is significant for business owners and executives involved in investment management as it facilitates more attractive investment vehicles and could improve competitiveness in the market.