Federal Register #SR-ISE-2026-49

SEC Notice of Proposed Rule Change by Nasdaq ISE, LLC to Amend Options 10, Section 27

This SEC notice announces a proposed rule change by Nasdaq ISE, LLC to update Options 10, Section 27, which regulates gifts and gratuities to employees of others. - The amendment aligns Nasdaq ISE rules with FINRA Rule 3220 - Raises the annual gift limit from $100 to $300 per individual - Adds provisions for exemptions, supervision, and recordkeeping - Clarifies treatment of personal, bereavement, de minimis, promotional, and commemorative gifts - Aims to harmonize regulatory standards and reduce duplicative oversight for members of both organizations - Includes a technical amendment to remove outdated supervision report deadlines - No products, services, or procurement activity involved - OEMs and vendors referenced: Nasdaq ISE, LLC and FINRA (as regulatory entities) - No purchase quantities, part numbers, or procurement requirements listed

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change by Nasdaq ISE, LLC. The rule change amends Options 10, Section 27 to conform to FINRA Rule 3220, harmonizing rules related to influencing or rewarding employees of others. The amendment increases the gift limit from $100 to $300 per individual per year and adds provisions for exemptions, supervision, recordkeeping, and clarifications on gift types. This change aims to reduce duplicative regulation and improve compliance for members of both Nasdaq ISE and FINRA.

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