Federal Register #SR-CboeEDGX-2026-061

Proposed Rule Change by Cboe EDGX Exchange, Inc. to Amend Clearing and Settlement Requirements

This notice concerns a proposed rule change by Cboe EDGX Exchange, Inc. affecting regulatory and operational requirements for exchange members and clearing firms. - Government Buyer: - Securities and Exchange Commission (SEC) - Primary Vendor/OEM: - Cboe EDGX Exchange, Inc. - Affiliated exchanges: Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc. - Key Rule Changes: - Replaces the term 'registered clearing agency' with 'Qualified Clearing Agency' in Rule 11.13(a) - Clarifies that non-members may act as clearing firms - Requires members participating in the Exchange's Overnight Trading Session to maintain a separate, effective letter of guarantee or authorization from a clearing firm - Unique/Notable Requirements: - Focuses on regulatory and operational standards, not procurement of products or services - Aims to ensure proper clearing and settlement arrangements during overnight trading sessions - Seeks to promote market integrity, reduce systemic risk, and establish uniform participation standards - No products or services are being procured as part of this notice

Description

This notice concerns a proposed rule change filed by Cboe EDGX Exchange, Inc. to amend Rule 11.13(a). The amendments include replacing the term “registered clearing agency” with “Qualified Clearing Agency,” clarifying that a non-member may act as a clearing firm, and requiring members participating in the overnight trading session to maintain a separate, effective letter of guarantee or authorization from a clearing firm. The proposal aims to ensure proper clearing and settlement arrangements during the overnight trading session and to promote market integrity and reduce systemic risk.

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