Federal Register #SR-CboeBYX-2026-038

Cboe BYX proposal to revise information-circular requirements for UTP Derivative Securities

The Securities and Exchange Commission (SEC) published a notice about a proposed rule change by Cboe BYX Exchange, Inc. - Government agency: SEC; no sub-agency or office is identified. - Filing organization: Cboe BYX Exchange, Inc. - Proposed change: Amend Rule 14.1 information-circular requirements for UTP Derivative Securities. - Remove the requirement for Cboe BYX to distribute a circular that duplicates information from the listing exchange. - Add cross-references to Exchange Rules 3.7 and 3.21 and revise requirements for written descriptions when required by the listing exchange. - Renumber provisions and make a related change to Interpretations and Policies .01. - SEC action: The SEC waived the operative delay, so the rule change became operative upon filing, and invited public comments. - Procurement status: This is a regulatory rule-change notice, not a procurement. No products, services, quantities, or part numbers are requested.

Description

Cboe BYX Exchange, Inc. filed a proposed rule change to amend Exchange Rule 14.1 concerning information circular requirements for UTP Derivative Securities. The proposal adds cross-references to Rules 3.7 and 3.21, removes the requirement for the Exchange to issue a duplicative information circular before trading begins, and changes the requirements for written descriptions when required by a listing exchange. It also renumbers provisions and makes a conforming change to Interpretations and Policies .01. The SEC waived the 30-day operative delay, making the proposed rule change operative upon filing, and invited comments through November 6, 2026.

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