Search Results for keywords:"Voluntary Termination of Rights"

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Search Results: keywords:"Voluntary Termination of Rights"

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  • 2025-03745 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 2.8, Voluntary Termination of Rights as a Member
    Type:Notice
    Citation:90 FR 11638
    Reading Time:about 3 minutes

    Cboe EDGA Exchange, Inc. is proposing a change to its Rule 2.8, which involves the voluntary termination of rights by its members. This proposal, effective immediately, requires members who wish to give up their membership to notify the Exchange by a deadline specified by the Exchange and in a manner that the Exchange prescribes. The Securities and Exchange Commission is inviting public comments on this proposed rule change, and feedback should be submitted by March 31, 2025. The proposal, along with supporting details, can be reviewed on both the Exchange's and Commission's websites.

    Simple Explanation

    The Cboe EDGA Exchange wants to change a rule so that members who want to quit have to tell them by a certain time and in a special way, and they want everyone to say what they think about this change by the end of March 2025.

  • 2025-03746 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 2.8, Voluntary Termination of Rights as a Member
    Type:Notice
    Citation:90 FR 11637
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has received a proposal from the Cboe EDGX Exchange, Inc. to amend Rule 2.8, which deals with members wanting to end their membership in the exchange. Under the new rule, members must notify the exchange before a specific deadline if they intend to terminate their membership. The proposal was filed for immediate effectiveness, and the SEC is seeking public comments on this change until March 31, 2025. All comments should reference file number SR-CboeEDGX-2025-014.

    Simple Explanation

    The SEC got a request from a group that helps people buy and sell stocks, called Cboe EDGX Exchange, asking for a rule change. They want members to tell them ahead of time if they want to stop being a member, and they want to know what people think about this idea.