Federal Register #SR-SAPPHIRE-2026-32

SEC Notice: MIAX Sapphire Proposed Rule Change to Align Exam Retake Waiting Periods with FINRA

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by MIAX Sapphire, LLC, focusing on regulatory alignment rather than procurement. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - MIAX Sapphire, LLC (self-regulatory organization) - Financial Industry Regulatory Authority (FINRA) - Products/services requested: - No products or services are being procured; the notice concerns a regulatory rule change - Key details: - Proposal seeks to amend Exchange Rule 1900, Interpretation and Policy .06 - The change would reduce waiting periods for retaking FINRA qualification exams - Aims to harmonize MIAX Sapphire's requirements with those of FINRA for uniformity - No purchase quantities, part numbers, or procurement requirements are present - Public comments are invited on the proposed rule change

Description

The Securities and Exchange Commission has filed a notice regarding a proposed rule change by MIAX Sapphire, LLC. The proposal aims to amend Exchange Rule 1900, Interpretation and Policy .06, to reduce the waiting periods for retaking FINRA qualification examinations. This change aligns the Exchange's requirements with FINRA's, establishing uniform qualification examination retake waiting periods. The amendment is intended to lessen the burden on individuals registering to begin employment in the securities industry while maintaining program integrity and protecting investors.

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