MIAX Emerald, LLC has proposed changes to its By-Laws, which were filed with the Securities and Exchange Commission (SEC) on January 10, 2025. The changes include removing the need for a Compensation Committee and a Quality of Markets Committee on the Board and updating how the Regulatory Oversight Committee decides the compensation and personnel actions for the Chief Regulatory Officer. The proposal is designed for immediate effectiveness, and the SEC is inviting public comments on these changes. The full text of the proposed changes can be accessed on MIAX Emerald's and the Commission's websites.
Simple Explanation
MIAX Emerald, a financial company, wants to change some of its rules by not having two special groups (called committees) and letting another group handle how they pay a big boss. These changes are ready to happen soon, and anyone can say what they think about it, but people might find it hard to understand all the details without looking at more information online.