The Miami International Securities Exchange, LLC (MIAX) has proposed changes to its By-Laws. The amendments involve removing the requirement for a Compensation and a Quality of Markets Committee within the Board, updating processes for determining the compensation and personnel actions involving the Chief Regulatory Officer, and making clarifying changes. These changes have been filed with the Securities and Exchange Commission and are effective immediately. MIAX invites the public to submit comments about these proposed changes using various online or mailing methods.
Simple Explanation
The Miami International Securities Exchange has changed its rules so they won't need special groups to check on important decisions about pay and market quality anymore. They're asking people to share what they think about these changes, and all of this is happening right away.