Federal Register #SR-EMERALD-2026-22

SEC Notice: MIAX Emerald, LLC Rule Change to Shorten FINRA Exam Retake Periods

This notice from the Securities and Exchange Commission (SEC) announces a proposed rule change by MIAX Emerald, LLC regarding FINRA qualification exam retake periods. - Government buyer: - Securities and Exchange Commission (SEC) - Key organizations involved: - MIAX Emerald, LLC (the Exchange) - Financial Industry Regulatory Authority (FINRA) - No products or services are being procured; this is a regulatory update - Rule change details: - Amends Exchange Rule 1900, Interpretation and Policy .06 - Reduces waiting periods for retaking FINRA qualification exams - 15 days after first and second failed attempts - 60 days after third and subsequent failed attempts within two years - Aligns MIAX Emerald's requirements with recent FINRA rule changes - Notable requirements: - Intended to facilitate quicker registration for securities industry professionals - Maintains program integrity and reduces regulatory burden for dual members - No contract value, products, or services are associated with this notice

Description

This notice announces a proposed rule change filed by MIAX Emerald, LLC with the Securities and Exchange Commission (SEC) to amend Exchange Rule 1900, Interpretation and Policy .06. The amendment aims to reduce the waiting periods for retaking FINRA qualification examinations, aligning the Exchange's requirements with FINRA's recent changes. The rule change is effective immediately and is intended to lessen the burden on individuals seeking registration while maintaining program integrity and investor protection. The proposal promotes regulatory harmonization and efficiency for members registered with both FINRA and the Exchange.

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