Federal Register #SR-MIAX-2026-26

SEC Notice of Proposed Rule Change by Miami International Securities Exchange, LLC to Amend By-Laws for Observer Role

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Miami International Securities Exchange, LLC (MIAX) regarding its Board governance structure. - The rule change aims to formally establish the role of Observers on MIAX's Board of Directors. - Observers may attend and participate in Board meetings but do not have voting rights. - The nomination process, rights, and responsibilities of Observers are detailed in the proposed amendments. - Amendments address conflicts of interest and contracts involving Observers. - Outdated references to initial committees and expired ERP terms are removed. - The changes are consistent with similar provisions in MIAX's affiliated exchanges (MIAX Emerald, MIAX Sapphire) and comparable terms in MEMX LLC and MEMX Holdco LLC agreements. - No products or services are being procured; this is a regulatory notice about governance structure.

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Miami International Securities Exchange, LLC. The rule change involves amending the By-Laws to establish the role of observers on the Board, including their rights and nomination process. Observers will be able to attend and participate in Board meetings but will not have voting rights. The proposal also includes amendments related to conflicts of interest, contracts involving observers, and removal of outdated references to initial committees and ERPs. The notice is published in the Federal Register, volume 91, pages 41095 to 41102, on July 6, 2026.

View original listing