Federal Register #SR-CboeBYX-2026-033

Notice of Proposed Rule Change by Cboe BYX Exchange, Inc. to Clarify Clearing Firm Requirements

This opportunity involves a notice from the Securities and Exchange Commission (SEC) regarding a proposed rule change by Cboe BYX Exchange, Inc. - Regulatory context: - The rule change amends Rule 11.15(a) to clarify that non-members may act as clearing firms. - Provides additional clarity and certainty for exchange members about clearing firm requirements and participation in the overnight trading session. - No procurement activity: - No products, services, OEMs, or vendors are requested or mentioned. - No purchase quantities or part numbers are listed. - Related references: - The notice mentions affiliated exchanges and clearing organizations, such as Kalshi Klear LLC, but does not request any procurement. - Notable requirements: - The change is intended to clarify existing rules, not introduce new functionality. - The filing is effective immediately.

Description

This notice pertains to a proposed rule change by Cboe BYX Exchange, Inc. to amend Rule 11.15(a) to clarify that a non-member may act as a clearing firm. The filing was made with the Securities and Exchange Commission and is effective immediately. The change aims to provide clarity and certainty to members regarding clearing firm requirements and overnight trading session participation. The proposal does not introduce new functionality but clarifies existing rules.

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