Federal Register #SR-IEX-2026-33

SEC notice on IEX proposal to remove minimum Obvious Error Panel roster requirements

The Securities and Exchange Commission (SEC) published a notice about a proposed rule change by Investors Exchange LLC (IEX). - Government agency: Securities and Exchange Commission (SEC). - Proposing organization: Investors Exchange LLC (IEX). - IEX proposes to amend Rule 21.150 by removing the requirement to maintain at least ten market-making and ten non-market-making representatives for its Obvious Error Panel. - Existing panel composition, representative eligibility standards, conflict-of-interest protections, and appeal procedures would remain unchanged. - The proposal is intended to reduce administrative burden and let IEX maintain a roster suited to its operational needs. The SEC invited public comments on whether it is consistent with the Securities Exchange Act. - This is a regulatory notice, not a procurement opportunity; no products, services, quantities, or contract value are specified.

Description

Investors Exchange LLC proposes to amend Rule 21.150 to eliminate the requirement to maintain a minimum roster of representatives eligible to serve on its Obvious Error Panel. The change is intended to reduce administrative burdens while retaining the panel’s existing composition, representative eligibility criteria, conflict-of-interest protections, and review procedures. The notice invites written comments on whether the proposed rule change is consistent with the Securities Exchange Act. Comments are due by October 22, 2026.

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