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Notice2026-17806

Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the Plan for the Purpose of Developing and Implementing Procedures Designed To Facilitate the Listing and Trading of Standardized Options To Add Investors Exchange LLC as a Plan Sponsor

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Published
September 1, 2026

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 91 Issue 168 (Tuesday, September 1, 2026)</title>
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[Federal Register Volume 91, Number 168 (Tuesday, September 1, 2026)]
[Notices]
[Pages 56253-56254]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17806]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106209; File No. 4-443]


Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of Amendment to the Plan for the Purpose of Developing and Implementing 
Procedures Designed To Facilitate the Listing and Trading of 
Standardized Options To Add Investors Exchange LLC as a Plan Sponsor

August 27, 2026.
    Pursuant to Section 11A(a)(3) of the Securities Exchange Act of 
1934 (``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given 
that on August 17, 2026, Investors Exchange LLC (``IEX'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission'') an amendment to the Plan for the Purpose of Developing 
and Implementing Procedures Designed to Facilitate the Listing and 
Trading of Standardized Options (``OLPP'' or ``Plan'').\3\ The 
Commission approved the application of IEX to register as a national 
securities exchange on June 23, 2016.\4\ The Commission subsequently 
approved IEX's proposal to adopt rules to govern the trading of options 
on the Exchange for a new facility called IEX Options LLC (``IEX 
Options'').\5\ One of the conditions of the Commission's approval of 
IEX Options was the requirement for IEX to join the OLLP.\6\ The 
amendment adds IEX as a Plan Sponsor \7\ of the OLPP.\8\ The Commission 
is publishing this notice to solicit comments on the amendment from 
interested persons.
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    \1\ 15 U.S.C. 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ On July 6, 2001, the Commission approved the OLPP, which was 
proposed by the American Stock Exchange LLC (``Amex'') (n/k/a NYSE 
American, LLC (``NYSE American'')), Chicago Board Options Exchange, 
Incorporated (``Cboe''), International Securities Exchange LLC 
(``ISE'') (n/k/a Nasdaq ISE, LLC (``Nasdaq ISE'')), Options Clearing 
Corporation (``OCC''), Philadelphia Stock Exchange, Inc. (``Phlx'') 
(n/k/a Nasdaq Phlx LLC (Nasdaq Phlx)), and Pacific Exchange, Inc. 
(``PCX'') (n/k/a NYSE Arca, Inc. (``NYSE Arca'')). See Securities 
Exchange Act Release No. 44521, 66 FR 36809 (July 13, 2001). See 
also Securities Exchange Act Release Nos. 49199 (Feb. 5, 2004), 69 
FR 7030 (Feb. 12, 2004) (adding Boston Stock Exchange, Inc. as a 
Sponsor to the OLPP); 57546 (Mar. 21, 2008), 73 FR 16393 (Mar. 27, 
2008) (adding Nasdaq Stock Market, LLC (``Nasdaq'') as a Sponsor to 
the OLPP); 61528 (Feb. 17, 2010), 75 FR 8415 (Feb. 24, 2010) (adding 
BATS Exchange, Inc. (``BATS'') (n/k/a Cboe BZX Exchange, Inc. 
(``Cboe BZX'')) as a Sponsor to the OLPP); 63162 (Oct. 22, 2010), 75 
FR 66401 (Oct. 28, 2010) (adding C2 Options Exchange Incorporated 
(``C2'') (n/k/a Cboe C2 Exchange, Inc. (``Cboe C2'')) as a sponsor 
to the OLPP); 66952 (May 9, 2012), 77 FR 28641 (May 15, 2012) 
(adding BOX Options Exchange LLC (``BOX'') as a Sponsor to the 
OLPP); 67327 (June 29, 2012), 77 FR 40125 (July 6, 2012) (adding 
Nasdaq OMX BX, Inc. (``BX'') (n/k/a Nasdaq BX, Inc. (``Nasdaq BX'')) 
as a Sponsor to the OLPP); 70765 (Oct. 28, 2013), 78 FR 65739 (Nov. 
1, 2013) (adding Topaz Exchange, LLC as a Sponsor to the OLPP 
(``Topaz'') (n/k/a Nasdaq GEMX, LLC (``Nasdaq GEMX''); 70764 (Oct. 
28, 2013), 78 FR 65733 (Nov. 1, 2013) (adding Miami International 
Securities Exchange, LLC (``MIAX'') as a Sponsor to the OLPP); 76822 
(Jan. 1, 2016), 81 FR 1251 (Jan. 11, 2016) (adding EDGX Exchange, 
Inc. (``EDGX'') (n/k/a Cboe EDGX Exchange, Inc. (``Cboe EDGX'')) as 
a Sponsor to the OLPP); 77323 (Mar. 8, 2016), 81 FR 13433 (Mar. 14, 
2016) (adding ISE Mercury, LLC (``ISE Mercury'') (n/k/a Nasdaq MRX, 
LLC (``Nasdaq MRX'')) as a Sponsor to the OLPP); 79897 (Jan. 30, 
2017), 82 FR 9263 (Feb. 3, 2017) (adding MIAX PEARL, LLC (``MIAX 
PEARL'') as a Sponsor to the OLPP); 85228 (Mar. 1, 2019) 84 FR 8355 
(Mar. 7, 2019) (adding MIAX Emerald, LLC (``MIAX Emerald'') as a 
Sponsor to the OLPP); 98388 (Sept. 14, 2023), 88 FR 64963 (Sept. 20, 
2023) (adding MEMX LLC (``MEMX'') as a Sponsor to the OLPP); and 
100622 (July 31, 2024), 89 FR 64005 (Aug. 6, 2024) (adding MIAX 
Sapphire, LLC (``MIAX Sapphire'') as a Sponsor to the OLPP).
    \4\ See Securities and Exchange Act Release No. 78101 (June 17, 
2016), 81 FR 41142 (June 23, 2016).
    \5\ See Securities and Exchange Act Release No. 103998 (Sept. 
18, 2025), 90 FR 45861 (Sept. 23, 2023) (SR-IEX-2025-02).
    \6\ See id. at 45883.
    \7\ A ``Plan Sponsor'' is an Eligible Exchange whose 
participation in the OLPP has become effective pursuant to Section 7 
of the OLPP.
    \8\ See Letter from Claudia Crowley, Chief Regulatory Officer, 
IEX, to Vanessa Countryman, Secretary, Commission, dated August 17, 
2026 (``Amendment'').
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I. Description and Purpose of the Amendment

    The OLPP establishes procedures designed to facilitate the listing 
and trading of standardized options contracts on the options exchanges. 
The amendment to the OLPP adds IEX as a Sponsor. The other OLPP 
Sponsors are BOX, Cboe, Cboe BZX, Cboe C2, Cboe EDGX, MEMX, MIAX, MIAX 
Emerald, MIAX PEARL, MIAX Sapphire, Nasdaq, Nasdaq BX, Nasdaq GEMX, 
Nasdaq ISE, Nasdaq MRX, Nasdaq Phlx, NYSE American, NYSE Arca, and OCC. 
IEX has submitted an executed copy of the OLPP to the Commission in 
accordance with the procedures set forth in the OLPP regarding new Plan 
Sponsors. Section 7 of the OLPP provides for the entry of new Plan 
Sponsors to the OLPP. Specifically, Section 7 of the OLPP provides that 
an Eligible Exchange \9\

[[Page 56254]]

may become a Plan Sponsor of the OLPP by: (i) executing a copy of the 
OLPP, as then in effect; (ii) providing each then current Plan Sponsor 
with a copy of such executed OLPP; and (iii) effecting an amendment to 
the OLPP, as specified in Section 7(ii) of the OLPP.\10\
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    \9\ The OLPP defines an ``Eligible Exchange'' as ``a national 
securities exchange registered with the [Commission] in accordance 
with Section 6(a) of the [Act] that (1) has effective rules for the 
trading of options contracts issued and cleared by OCC approved in 
accordance with the provisions of the [Act] and the rules and 
regulations thereunder; and (2) is a party to the Plan for Reporting 
Consolidated Options Last Sale Reports and Quotation Information 
(the ``OPRA Plan''). See OLPP Section 7(i). IEX has represented that 
it has met both the requirements for being considered an Eligible 
Exchange. See Amendment, supra note 8, at 2.
    \10\ IEX has represented that it has executed a copy of the 
current Plan, amended to include IEX as a Plan Sponsor in Section 9 
of the Plan and has provided each current Plan Sponsor with a copy 
of the executed and amended Plan. See Amendment, supra note 8, at 2.
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    Section 7(ii) of the OLPP sets forth the process by which an 
Eligible Exchange may effect an amendment to the OLPP to become a Plan 
Sponsor. Specifically, an Eligible Exchange must: (a) execute a copy of 
the OLPP as then in effect with the only change being the addition of 
the new Plan Sponsor's name in Section 9 of the OLPP; \11\ and (b) 
submit the executed OLPP to the Commission. The OLPP then provides that 
such an amendment will be effective when the amendment is approved by 
the Commission or otherwise becomes effective pursuant to Section 11A 
of the Act and Rule 608 thereunder.
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    \11\ The list of Plan Sponsors is set forth in Section 9 of the 
OLPP.
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II. Effectiveness of the OLPP Amendment

    The foregoing OLPP amendment has become effective pursuant to Rule 
608(b)(3)(iii) \12\ because it has been designated by the sponsors as 
involving solely technical or ministerial matters. At any time within 
sixty days of the filing of the amendment, the Commission may summarily 
abrogate the amendment and require that it be refiled pursuant to 
paragraph (a)(1) of Rule 608,\13\ if it appears to the Commission that 
such action is necessary or appropriate in the public interest, for the 
protection of investors, or the maintenance of fair and orderly 
markets, to remove impediments to, and perfect the mechanisms of, a 
national market system or otherwise in furtherance of the purposes of 
the Act.
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    \12\ 17 CFR 242.608(b)(3)(iii).
    \13\ 17 CFR 242.608(a)(1).
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III. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the amendment is 
consistent with the Act and the rules thereunder. Comments may be 
submitted by any of the following methods:

Electronic Comments

    <bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
    <bullet> Send an email to <a href="/cdn-cgi/l/email-protection#a4d6d1c8c189c7cbc9c9c1cad0d7e4d7c1c78ac3cbd2"><span class="__cf_email__" data-cfemail="d9abacb5bcf4bab6b4b4bcb7adaa99aabcbaf7beb6af">[email&#160;protected]</span></a>. Please include 
File Number 4-443 on the subject line.

Paper Comments

    <bullet> Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number 4-443. This file number 
should be included on the subject line if email is used. To help the 
Commission process and review your comments more efficiently, please 
use only one method. The Commission will post all comments on the 
Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). 
Copies of the filing will be available for inspection and copying at 
the principal office of the Exchange. Do not include personal 
identifiable information in submissions; you should submit only 
information that you wish to make available publicly. We may redact in 
part or withhold entirely from publication submitted material that is 
obscene or subject to copyright protection. All submissions should 
refer to file number 4-443 and should be submitted on or before 
September 22, 2026.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-17806 Filed 8-31-26; 8:45 am]
BILLING CODE 8011-01-P


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