Federal Register #SR-24X-2026-30

24X National Exchange proposes revisions to Rule 14.1 information-circular requirements

The SEC notice concerns a proposed 24X National Exchange rule change, not a government purchase. - Government entity: Securities and Exchange Commission (SEC). - Exchange proposing the change: 24X National Exchange LLC. - Proposed changes: Amend Rule 14.1 for unlisted trading privilege exchange-traded products by removing 24X’s separate pre-trading information-circular requirement, adding references to Rules 3.7 and 3.21, revising written-description requirements, and renumbering rule sections. - A written description would be required only when the listing exchange requires it, and must be approved by that exchange or prepared by the issuing open-end management company. - Related exchange mentioned: Cboe BZX Exchange, Inc.; the proposal is described as similar to its filing. - The notice states the change is intended to reduce duplicative requirements while retaining applicable member obligations and reliance on information from the primary listing exchange. - Procurement: No products or services, quantities, or contract value are identified.

Description

24X National Exchange LLC proposes amendments to Rule 14.1 concerning information circular requirements for unlisted trading privilege (UTP) exchange-traded products. The changes remove the requirement for 24X to distribute a separate information circular before trading begins, add cross-references to Rules 3.7 and 3.21, and revise requirements for certain written descriptions. The filing also renumbers portions of Rule 14.1(b). The SEC designated the change operative upon filing and invited comments through December 4, 2026.

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