The Securities and Exchange Commission is reviewing non-substantive rules proposed by MIAX PEARL, LLC. These proposed changes are intended to clarify and update outdated rules in MIAX Pearl's Rulebook. Key changes include correcting the way certain information is announced, removing references to obsolete mini-options, and updating regulatory citations. The Commission is inviting comments from the public and has allowed these rule changes to be effective immediately, as they do not significantly impact investor protection or market competition.
Simple Explanation
The SEC is checking some small changes that MIAX Pearl wants to make to its rulebook to clean up outdated and unclear rules, like getting rid of old mentions of certain options. These changes are going to happen right away because they don't change how safe the market is for people.