SEC posts exchange rule filings and approvals across U.S. market venues

SEC posts exchange rule filings and approvals across U.S. market venues
SEC posts rule approvals

A new batch of regulatory actions highlights continuing operational changes across U.S. exchanges and market infrastructure operators. The updates span immediate-effect rule filings, accelerated approvals and policy statements, including measures affecting trading hours, ETF listings and exchange governance documents.

Highlights

  • The SEC posted exchange rule filings involving NYSE, Cboe, Nasdaq, MIAX, and Investors Exchange, including amendments to Intercontinental Exchange's certificate and Cboe rules updates.
  • Cboe EDGX Exchange, Inc. received SEC approval to extend trading hours to 23 hours per day, while Green Impact Exchange aligned its rules with updated Regulation NMS round lot definitions.
  • The SEC granted accelerated approval for Nasdaq to list and trade the iShares Bitcoin Premium Income ETF and approved MIAX options listing criteria for multi-commodity trusts, highlighting ongoing digital asset product expansion.

Exchange filings cover trading rules and corporate governance

According to the U.S. Securities and Exchange Commission, notices show multiple self-regulatory organization actions involving NYSE venues, Cboe exchanges, Nasdaq, MIAX entities and Investors Exchange LLC.

Several of the items concern notices of filing and immediate effectiveness, including proposed rule changes by NYSE American LLC, NYSE National, New York Stock Exchange LLC, NYSE Texas and NYSE Arca to amend the Seventh Amended and Restated Certificate of Incorporation of Intercontinental Exchange, Inc. Other notices cover updates to Cboe BYX Rule 11.26(a), Cboe BZX Rule 11.26(a), Cboe EDGX Rule 13.4(a) and Cboe EDGA Rule 13.4(a), as well as an Investors Exchange filing to add Texas Stock Exchange to IEX Rules 2.220(a)(7) and 11.410(a).

The SEC list also includes a filing and accelerated approval order for Cboe EDGX Exchange, Inc. to extend trading hours to 23 hours per day, and a Green Impact Exchange, LLC filing to align Rules 11.180 and 14.003 with a change to the definition of a round lot under Regulation NMS.

Approvals extend to crypto-linked ETF and options criteria

Beyond exchange rule maintenance, the commission posts an order granting accelerated approval for Nasdaq Stock Market LLC to list and trade shares of the iShares Bitcoin Premium Income ETF under Nasdaq Rule 5711(d). That action adds to signs of continued product development in U.S. exchange-traded markets tied to digital assets.

The SEC also approves proposed rule changes for Miami International Securities Exchange, LLC, MIAX PEARL, LLC and MIAX Sapphire, LLC regarding listing criteria for options on commodity-based trusts that hold multiple commodities. Separate entries include a commission opinion and adjudicatory order, a no-action letter, a litigation release, and statements related to the proposed rescission of climate-related disclosure rules, indicating a broader regulatory agenda beyond market structure alone.

Our earlier coverage of the SEC’s proposed rescission of its 2024 climate-risk disclosure rule explained how the rollback has reignited debate over what companies must report about environmental risks and how that affects market transparency. We noted that critics argue fewer mandated disclosures could leave investors with less information to price climate-related threats, while supporters frame the change around compliance burdens and the SEC’s role in nonfinancial reporting.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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