Federal Register #SR-BOX-2026-17

SEC Notice: Proposed Rule Change to BOX Exchange Gratuities Rule (No Procurement)

This notice concerns a proposed rule change by BOX Exchange LLC, published by the Securities and Exchange Commission (SEC), and does not involve a procurement opportunity. - Government buyer: - Securities and Exchange Commission (SEC) - BOX Exchange LLC (regulatory subject) - No OEMs or vendors are mentioned, as this is a regulatory action, not a procurement - No products or services are being requested or procured - Key details of the proposed rule change: - Amend BOX Rule 3060 (Gratuities) to align with FINRA Rule 3220 - Increase the permissible gift limit - Add supervision and recordkeeping requirements - Provide for certain exemptions - Aim to harmonize BOX Exchange rules with FINRA, reducing duplicative regulation and improving compliance for members - No contract value, period of performance, or line items are applicable

Description

This notice pertains to a proposed rule change filed by BOX Exchange LLC to amend BOX Rule 3060 concerning gratuities. The amendment aims to align BOX Rule 3060 with FINRA Rule 3220 to harmonize regulatory requirements and reduce duplicative regulation for members common to both organizations. The proposed changes include increasing gift limits, adding supervision and recordkeeping requirements, and providing exemptions consistent with investor protection and public interest. The rule change is intended to promote efficiency, transparency, and regulatory certainty for participants.

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