Regulatory Alert
MIAX Pearl
March 08, 2018 | 03:40 PM
Amendment to Exchange Rule 402, Criteria for Underlying Securities, to Modify the Criteria for Listing Options on an Underlying Security
MIAX PEARL has received approval to amend Exchange Rule 402, Criteria for Underlying Securities, to permit the listing of an option on an underlying covered security that has a market price of at least $3.00 per share for the previous three consecutive business days preceding the date on which the Exchange submits a certificate to the Options Clearing Corporation (“OCC”) for listing and trading.
The rule amendment became effective as of Thursday, February 22, 2018, pursuant to a notice issued by the Securities and Exchange Commission (“SEC”).
Please refer to MIAX PEARL Regulatory Circular 2018-08 for further details.
Regulatory inquiries should be directed to Regulatory@miaxglobal.com or (609) 897-7309.