Federal Register #SR-CboeEDGA-2026-029

Notice of Proposed Rule Change by Cboe EDGA Exchange, Inc. to Amend Clearing Agency Terminology and Clarify Clearing Firm Eligibility

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Cboe EDGA Exchange, Inc. regarding clearing agency terminology and eligibility. - Regulatory context: - The amendment updates Rule 11.13(a) to replace 'Registered Clearing Agency' with 'Qualified Clearing Agency.' - Clarifies that non-member firms may act as clearing firms for exchange members. - Key impacts: - Provides clearer terminology for market participants, aligning with definitions already in the rulebook. - Ensures all transactions continue to be cleared through a registered clearing agency using a continuous net settlement system. - No procurement activity: - No products, OEMs, vendors, or purchase quantities are involved. - This is strictly a regulatory notice, not a solicitation for goods or services.

Description

This notice pertains to a proposed rule change filed by Cboe EDGA Exchange, Inc. The amendment to Rule 11.13(a) replaces the term “Registered Clearing Agency” with “Qualified Clearing Agency” and clarifies that a non-member may act as a clearing firm. The change aims to provide clarity to market participants regarding clearing arrangements and does not alter the fundamental requirement that all transactions be cleared through a registered clearing agency using a continuous net settlement system. The proposal is effective immediately upon filing and is intended to promote transparency and protect investors.

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