23 Sep 2025
📈MIAX Sapphire Updates Rule Citations for Regulation NMS Compliance
Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing of a Proposed Rule Change To Update the Citations to Rule 600(b) of Regulation NMS
Summary
The Securities and Exchange Commission has published a notice regarding MIAX Sapphire's proposed rule change to update citations to Rule 600(b) of Regulation NMS. This change aims to enhance clarity and compliance within the Exchange's Rulebook and ensure that members and the investing public can navigate the rules more effectively.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a proposed rule change by MIAX Sapphire to update references in its Rulebook related to Regulation NMS, which may have compliance implications for businesses involved in trading securities. This requires adaptation to new definitions and citations, impacting operational guidelines for members and market participants.