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2025-06663 — Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt New York Stock Exchange Rule 4530
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April 18, 2025
Type:Notice
Citation:90 FR 16580
Reading Time:about 9 minutes
The Securities and Exchange Commission (SEC) announced a proposed rule change by NYSE Texas to adopt NYSE Rule 4530 with minor modifications. This rule requires detailed reporting on events like statutory disqualifications and customer complaints for better regulatory oversight. The new rule aligns NYSE Texas with the NYSE and FINRA's requirements, improving consistency and easing compliance for firms already following similar protocols. The SEC is seeking public comments on this proposal, emphasizing the importance of transparency and effective market regulation.
Simple Explanation
The SEC is talking about a new rule that NYSE Texas wants to introduce. This rule means when something important or bad happens, like someone breaking a rule or getting in trouble, they have to tell the people in charge in a special way, so everyone stays safe and fair.
2020-29218 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1900, Registration Requirements, To Adopt Temporary Interpretation and Policy .13 (Temporary Extension of the Limited Period for Registered Persons To Function as Principals)
January 06, 2021
Type:Notice
Citation:86 FR 636
Reading Time:about 17 minutes
The Securities and Exchange Commission (SEC) has approved a proposed rule change by MIAX Emerald, LLC to extend the period that certain individuals designated as principals can perform their duties without passing a qualification exam, due to challenges caused by the COVID-19 pandemic. This temporary extension, now allowing until April 30, 2021, aligns their rules with those of the Financial Regulatory Authority (FINRA), ensuring consistency across the securities industry. The change aims to help firms manage disruptions to business operations and maintain staff during the pandemic, without compromising investor protection. The extension only applies to individuals who were designated as principals before January 1, 2021.
Simple Explanation
The SEC is letting certain people keep doing a special job without taking a test until the end of April 2021 because the pandemic makes it hard to take the test.
2020-29211 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Expiration Date of the Temporary Amendments to Rules 10.9261 and 10.9830 as Set Forth in SR-NYSEArca-2020-85 From December 31, 2020, to April 30, 2021
January 06, 2021
Type:Notice
Citation:86 FR 647
Reading Time:about 15 minutes
The NYSE Arca has extended the expiration date of temporary rules that allow disciplinary hearings to be conducted via video conference instead of in-person, due to COVID-19 health risks. Initially set to expire on December 31, 2020, the temporary amendments to Rules 10.9261 and 10.9830 will now last until April 30, 2021, aligning with similar extensions by the Financial Industry Regulatory Authority (FINRA). The proposed rule change does not alter the rule texts but ensures that disciplinary actions and hearings can continue safely and without delay during the ongoing pandemic. The Securities and Exchange Commission has waived the usual waiting period so the changes can take effect immediately.
Simple Explanation
The NYSE Arca is letting important meetings happen over video calls instead of in person, so everyone stays safe from COVID-19, and they've decided to keep doing this a little longer, just like another group called FINRA.

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