Federal Register #SR-CboeEDGX-2026-032

SEC Review of Cboe EDGX Exchange Rule Change on Statutory Disqualification Procedures

This notice concerns a proposed regulatory change by the Securities and Exchange Commission (SEC) affecting Cboe EDGX Exchange, Inc.: - The SEC is reviewing a rule change submitted by Cboe EDGX Exchange, Inc. regarding procedures for members and associated persons subject to statutory disqualification - The proposed amendment aims to align Cboe EDGX's rules with those of the Financial Industry Regulatory Authority, Inc. (FINRA) and broader industry standards - Includes adoption of a Statutory Disqualification Circular outlining eligibility and supervisory plan procedures - Provides for appeals and eligibility proceedings to ensure consistent outcomes for dual members of FINRA and the Exchange - The changes are intended to streamline administration, reduce regulatory burdens, and enhance investor protection - No procurement of products or services is involved; this is a regulatory update impacting compliance and membership procedures

Key Entities: - Government buyer: Securities and Exchange Commission (SEC) - Affected organization: Cboe EDGX Exchange, Inc. - Industry reference: Financial Industry Regulatory Authority, Inc. (FINRA)

Notable Requirements: - Harmonization of statutory disqualification procedures with FINRA - Implementation of new eligibility and supervisory plan provisions - Streamlined compliance for dual members of FINRA and Cboe EDGX Exchange

Description

The Securities and Exchange Commission has filed a notice regarding a proposed rule change by Cboe EDGX Exchange, Inc. to amend its rules concerning members and associated persons who are or become subject to a statutory disqualification. The rule change aims to harmonize the Exchange's rules with those of the Financial Industry Regulatory Authority, Inc. (FINRA) and industry standards, streamlining the administration of statutory disqualification procedures. The amendment includes adopting a Statutory Disqualification Circular outlining eligibility procedures and incorporates provisions for supervisory plans and appeals. The rule change is filed for immediate effectiveness to better protect investors and the public interest.

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