1 May 2025
📈SEC Extends Review on MIAX PEARL's Trading Rule Changes
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Partial Amendment Nos. 1 and 2, To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
Summary
The SEC is extending the review period for MIAX PEARL, LLC's proposed rule change related to listing and trading options on Commodity-Based Trust Shares. This designation allows the Commission additional time to evaluate the proposed amendments thoroughly before making a decision. No public comments were received regarding this amendment, indicating a controlled market response to the change.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's extended review period for MIAX PEARL's proposed rule change to amend exchange rules regarding options on Commodity-Based Trust Shares indicates regulatory scrutiny that directly affects trading practices and compliance requirements for businesses engaged in these markets.