23 Apr 2025
💳MIAX Pearl Proposes Changes for Alternative Payment Instructions
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend MIAX Pearl Options Rule 208, MIAX Pearl Billing System, and MIAX Pearl Equities Rule 3002, Collection of Exchange Fees and Other Claims and Billing Policy
Summary
MIAX Pearl LLC has proposed amendments to its billing rules to allow members and equity members to provide alternative payment instructions for fee collection. This change aims to reduce operational burdens associated with current payment requirements and promote flexibility in financial transactions. The amendments are designed to apply uniformly and fairly across all members.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes from MIAX Pearl allow members to provide alternative payment instructions for fees. This flexibility can reduce operational burdens for businesses, encouraging compliance and streamlining payment processes, which impacts financial implications positively.