1 May 2025
📈SEC Extends Review Period for MIAX Sapphire Options Rule Change
Self-Regulatory Organizations; MIAX Sapphire, 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 has announced a longer review period for MIAX Sapphire's proposed rule change to amend criteria for listing and trading options on Commodity-Based Trust Shares. The decision aims to allow sufficient time for comprehensive evaluation, indicating evolving compliance standards in the securities market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change affects compliance regarding the listing and trading of options on Commodity-Based Trust Shares, which impacts trading firms and investors. The SEC's decision process indicates ongoing regulatory evaluations that could alter market dynamics and compliance frameworks.