# Federal Register #SR-CboeEDGX-2026-061

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

**Buyer:** Securities and Exchange Commission
**Posted:** September 23, 2026
**Identifier:** SR-CboeEDGX-2026-061
**NAICS:** 523210

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.

[View original listing](https://www.federalregister.gov/documents/2026/09/23/2026-19395/self-regulatory-organizations-cboe-edgx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)