Federal Register #SR-MEMX-2026-22

MEMX LLC Rule Change: Amend Information Circular Requirements for UTP Exchange Traded Products

This notice concerns a proposed rule change by MEMX LLC, a self-regulatory organization, submitted to the Securities and Exchange Commission (SEC). - MEMX LLC seeks to amend Rule 14.1 regarding Unlisted Trading Privileges (UTP) Exchange Traded Products (ETPs) - The proposal eliminates the requirement for MEMX Members to receive an information circular before trading UTP ETPs, as the primary listing exchange already provides this information - The rule change adds explicit cross-references to Rules 3.7 (Recommendations to Customers) and 3.21 (Customer Disclosures) - Written description requirements are updated to align with the standards of the listing exchange - No OEMs, vendors, or procurement of products/services are involved - The intent is to remove duplicative obligations and clarify regulatory requirements without changing trading terms or conditions

Description

MEMX LLC proposes to amend Rule 14.1 to eliminate the requirement to distribute an information circular to Members prior to trading each UTP Exchange Traded Product, as the primary listing exchange already provides this information. The rule change also adds cross-references to Rules 3.7 and 3.21, and amends the written description requirements to align with the listing exchange's standards. The proposal aims to remove duplicative obligations and enhance clarity without altering trading terms or conditions.

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