Federal Register #SR-PEARL-2026-23

SEC Notice: MIAX PEARL, LLC Rule Change for Short Term Option Series Program

This notice concerns a regulatory action by the Securities and Exchange Commission (SEC) regarding MIAX PEARL, LLC's operations: - The SEC is reviewing a proposed rule change from MIAX PEARL, LLC to amend its Short Term Option Series Program - The amendment clarifies the listing and treatment of Monday and Wednesday Short Term Daily Expirations for qualifying securities, especially when earnings announcements occur after market close - The rule codifies the practice of delisting expirations with no open interest or marking them as closing only, in line with listing requirements under Interpretation and Policy .02 to Exchange Rule 404 - The proposal is modeled after a similar rule change by Nasdaq ISE, LLC - No procurement of products or services is involved; this is a regulatory change affecting exchange operations - No OEMs, vendors, part numbers, or purchase quantities are referenced - The rule change is effective immediately upon filing and aims to provide clear expectations to exchange members regarding listing availability

Description

MIAX PEARL, LLC has proposed a rule change to amend the Short Term Option Series Program. The amendment clarifies the listing and treatment of Monday and Wednesday Short Term Daily Expirations for qualifying securities when an earnings announcement occurs after market close. The exchange will delist expirations with no open interest or mark them as closing only to comply with listing requirements. The rule change is effective immediately upon filing and aims to provide clear expectations to members regarding listing availability.

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