# Federal Register #SR-IEX-2026-33

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

**Buyer:** Securities and Exchange Commission
**Posted:** October 01, 2026
**Identifier:** SR-IEX-2026-33

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.

[View original listing](https://www.federalregister.gov/documents/2026/10/01/2026-20072/self-regulatory-organizations-investors-exchange-llc-notice-of-filing-and-immediate-effectiveness-of)