Federal Register #SR-CboeBYX-2026-020

SEC Notice of Proposed Rule Change by Cboe BYX Exchange, Inc. on Statutory Disqualification Procedures

This notice announces a proposed rule change by Cboe BYX Exchange, Inc., published by the Securities and Exchange Commission (SEC): - The proposal amends procedures for handling members and associated persons subject to statutory disqualification - Aims to harmonize Cboe BYX Exchange's rules with those of the Financial Industry Regulatory Authority, Inc. (FINRA) - Aligns eligibility proceedings, application requirements, and relief procedures with FINRA, Nasdaq, IEX, and NYSE - Streamlines regulatory compliance and eliminates the need for certain statutory disqualification applications - No products or services are being procured; this is a regulatory action - The SEC is soliciting public comments on the proposed rule change - Main government entity: Securities and Exchange Commission (SEC) - No OEMs, vendors, or procurement requirements are involved

Description

This notice pertains to a proposed rule change filed by Cboe BYX Exchange, Inc. regarding amendments to 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 FINRA to streamline regulatory compliance and eliminate the need for certain statutory disqualification applications. The SEC has announced the filing and immediate effectiveness of this rule change, which is designed to protect investors and the public interest by facilitating regulatory consistency and efficiency.

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