Federal Register #SR-NYSEAMER-2026-85

SEC Notice of Proposed Rule Change to Amend NYSE American Rule 2.1210 Registration Requirements

This SEC notice announces a proposed rule change submitted by NYSE American LLC regarding registration requirements for securities industry professionals. - Regulatory Change Overview: - NYSE American LLC proposes to amend Rule 2.1210, which governs registration requirements for member organizations, Equity Trading Permit Holders, and American Trading Permit Holders. - The amendment focuses on reducing waiting periods for retaking Financial Industry Regulatory Authority, Inc. (FINRA) qualification examinations. - Key Details: - Waiting period after first and second failed exam attempts reduced from 30 to 15 days. - Waiting period after third and subsequent failed attempts within two years reduced from 180 to 60 days. - Aligns NYSE American's rules with recent FINRA rule changes for consistency across regulatory frameworks. - Intended to lower barriers for individuals seeking to enter the securities industry. - OEMs and Vendors Mentioned: - NYSE American LLC - Financial Industry Regulatory Authority, Inc. (FINRA) - No products or services are being procured; this is a regulatory change notice.

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change by NYSE American LLC to amend Rule 2.1210 concerning registration requirements. The amendment aims to reduce the waiting periods for retaking FINRA qualification examinations to align with recent FINRA rule changes, shortening the waiting periods after failed attempts. This change is intended to promote consistency, reduce confusion, and lessen the burden on individuals seeking to enter the securities industry while maintaining examination integrity. The proposal is effective immediately and comments are solicited by October 16, 2026.

View original listing