Federal Register #SR-CboeBZX-2026-054

SEC Notice of Proposed Rule Change by Cboe BZX Exchange, Inc. to Amend Rule 14.11 Information Circular Requirements

This notice from the Securities and Exchange Commission (SEC) announces a proposed rule change by Cboe BZX Exchange, Inc. regarding information circular requirements for UTP Derivative Securities. - Government Buyer: - Securities and Exchange Commission (SEC) - Cboe BZX Exchange, Inc. (self-regulatory organization and stock exchange) - No OEMs or commercial vendors are involved, as this is a regulatory rule change, not a procurement action. - Products/Services Requested: - No products, part numbers, or purchase quantities are requested. - The notice concerns amendments to Rule 14.11, specifically: - Deleting the requirement for the Exchange to distribute an information circular to Members before trading UTP Derivative Securities - Adding explicit cross-references to Rules 3.7 and 3.21 - Requiring written descriptions to be in a form approved by the listing exchange - Unique/Notable Requirements: - The proposed changes aim to eliminate duplicative procedural obligations - Investor protections will continue through disclosures by the primary listing exchange - No procurement, acquisition, or contracting activity is involved

Description

The Securities and Exchange Commission has filed a notice regarding a proposed rule change by Cboe BZX Exchange, Inc. to amend Rule 14.11 concerning information circular requirements. The proposed changes include deleting the requirement for the Exchange to distribute an information circular to Members prior to trading in each UTP Derivative Security, adding cross-references to other rules, and requiring written descriptions to be in a form approved by the listing exchange. The rule change was filed for immediate effectiveness and aims to eliminate duplicative procedural obligations while maintaining investor protections through existing primary listing exchange disclosures.

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