Federal Register #SR-MIAX-2026-34

SEC Notice: Proposed Rule Changes by MIAX and IEX for Exam Retake Periods and Trading Halt Procedures

This notice from the Securities and Exchange Commission (SEC) covers proposed rule changes by two major U.S. stock exchanges: - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors Mentioned: - Miami International Securities Exchange, LLC (MIAX) - Investors Exchange LLC (IEX) - Financial Industry Regulatory Authority (FINRA) - Products/Services Requested: - Regulatory rule amendments (no physical products or commercial services) - MIAX: Proposal to reduce waiting periods for retaking FINRA qualification exams - Aligns MIAX rules with FINRA's updated retake periods (15 days after first/second failed attempts, 60 days after third/subsequent failed attempts within two years) - IEX: Proposal to amend Rule 11.280 regarding trading halts - IEX will not cancel outstanding orders during Regulatory or Operational Halts, anticipating new SIP regulatory halt rules - Unique or Notable Requirements: - Harmonization of exchange rules with FINRA and SIP standards - Focus on easing registration burdens for securities industry professionals while maintaining regulatory integrity - Operational changes to improve market continuity during trading halts - No products, part numbers, or purchase quantities are listed; this is a regulatory update, not a procurement of goods or services.

Description

The Miami International Securities Exchange, LLC (MIAX) has proposed a rule change to amend Exchange Rule 1900, Interpretation and Policy .06. The amendment aims to reduce the waiting periods for retaking FINRA qualification examinations, aligning MIAX's requirements with FINRA's recent changes. This change is intended to lessen the burden on individuals seeking registration in the securities industry while maintaining program integrity and investor protection. The rule change is effective immediately upon filing.

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