Notice2026-20710
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX Rule 15.110(a) and (c) To Modify the Required Criteria To Qualify for the Reduced Incremental Fee
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 9, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 195 (Friday, October 9, 2026)</title>
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[Federal Register Volume 91, Number 195 (Friday, October 9, 2026)]
[Notices]
[Pages 64723-64727]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20710]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106606; File No. SR-IEX-2026-40]
Self-Regulatory Organizations; Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to
IEX Rule 15.110(a) and (c) To Modify the Required Criteria To Qualify
for the Reduced Incremental Fee
October 6, 2026.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on September 30, 2026, the Investors Exchange LLC (``IEX''
or the ``Exchange'') filed with the Securities and Exchange Commission
(the ``Commission'') the proposed rule change as described in Items I,
II and III below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
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[[Page 64724]]
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Pursuant to the provisions of Section 19(b)(1) under the Act,\4\
and Rule 19b-4 thereunder,\5\ the Exchange is filing with the
Commission a proposed rule change to amend the Exchange's fee schedule
applicable to Members \6\ (the ``Fee Schedule'' \7\) pursuant to IEX
Rule 15.110(a) and (c) to modify the required criteria to qualify for
the reduced Incremental Fee. Changes to the Fee Schedule pursuant to
this proposal are effective upon filing,\8\ and will be implemented on
November 1, 2026.
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\4\ 15 U.S.C. 78s(b)(1).
\5\ 17 CFR 240.19b-4.
\6\ See IEX Rule 1.160(s).
\7\ See Investors Exchange Fee Schedule, available at <a href="https://www.iex.io/resources/trading/fee-schedule">https://www.iex.io/resources/trading/fee-schedule</a>.
\8\ 15 U.S.C. 78s(b)(3)(A)(ii).
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The text of the proposed rule change is available at the Exchange's
website at <a href="https://www.iexexchange.io/resources/regulation/rule-filings">https://www.iexexchange.io/resources/regulation/rule-filings</a>
and at the principal office of the Exchange.
II. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of and basis for the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
has prepared summaries, set forth in Sections A, B, and C below, of the
most significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
IEX proposes to modify the required criteria to qualify for
Incremental Fee Tier 2, which is applicable to certain executions of
non-displayed orders.\9\ Specifically, IEX proposes to increase by
5,000,000 the threshold volume required to qualify for the reduced fees
of Incremental Fee Tier 2, unless the Member qualified for one of the
Exchange's two highest displayed liquidity adding rebate tiers in the
prior month. This fee change proposal is effective on filing and will
be implemented on November 1, 2026.\10\
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\9\ See Footnote 6 to the Transaction Fees section of the Fee
Schedule, supra, note 7.
\10\ Nothing in this rule filing affects trades below $1.00 per
share (``sub-dollar trades''). Sub-dollar trades would not impact
the Incremental Fee Tier calculations and would not be eligible for
any of the Incremental Fee Tiers described herein.
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IEX's Incremental Fee Tiers are a volume-based fee incentive
designed to incentivize Members to increase their Incremental Fee
eligible ADV \11\ on the Exchange by charging a reduced fee of $0.0001
per share \12\ to Members that qualify for Incremental Fee Tier 2 for
applicable executions of non-displayed orders.\13\ A Member qualifies
for the reduced fee (i.e., Incremental Fee Tier 2) for a portion of its
Incremental Fee eligible ADV \14\ in the current month if in the prior
(i.e., immediately preceding) month, its Incremental non-displayed ADV
\15\ exceeded its Baseline non-displayed ADV \16\ by at least
15,000,000.\17\
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\11\ ``Incremental Fee eligible ADV'' means executions with any
of the Fee Code Combinations MI, MIB, TI, TIB, TIY, or TIYB. Unless
otherwise specified, Incremental Fee eligible ADV refers to
executions in the current month. See Fee Schedule, supra, note 7,
Transaction Fees, Definitions.
\12\ IEX's base rate for transactions that add or remove non-
displayed liquidity is $0.0010 per share. See IEX Fee Schedule,
supra, note 7, Transaction Fees, Base Rates table.
\13\ The fee codes to which the Incremental Fee Tiers apply are
``MI'' (Adds non-displayed liquidity); ``MIB'' (Adds non-displayed
liquidity in Tape B securities); ``TIY'' (Post Only order removes
non-displayed liquidity); ``TIYB'' (Post Only order removes non-
displayed liquidity in Tape B securities); ``TI'' (Removes non-
displayed liquidity); and ``TIB'' (Removes non-displayed liquidity
in Tape B securities).
\14\ The amount of Incremental Fee eligible ADV that is eligible
for the reduced fee of $0.0001 per share is capped at the Baseline
non-displayed ADV, unless the Member qualified for Incremental Fee
Tier 2 for at least three immediately preceding months. See IEX Fee
Schedule, supra, note 7, footnote 6 to the Transaction Fees, Base
Rates table and Fee Code Combinations and Associated Fees table.
\15\ ``Incremental non-displayed ADV'' means executions in the
immediately preceding month of Incremental Fee eligible ADV that
exceeded the Baseline non-displayed ADV. See IEX Fee Schedule,
supra, note 7, Transaction Fees, Definitions.
\16\ ``Baseline non-displayed ADV'' is calculated by taking the
average of the Member's Incremental Fee eligible ADV in the three
months with the lowest Incremental Fee eligible ADV between March 1,
2025 and February 28, 2026. For Members that joined IEX after March
1, 2025, the Baseline non-displayed ADV is calculated by taking the
average of the Member's Incremental Fee eligible ADV in its first
three full months of trading on the Exchange. See IEX Fee Schedule,
supra, note 7, Transaction Fees, Definitions.
\17\ Unless the Member has qualified for Incremental Fee Tier 2
in at least the three immediately preceding months, IEX caps the
volume that is eligible for the reduced $0.0001 fee at the Member's
Baseline non-displayed ADV, and any additional Incremental Fee
eligible ADV is charged the regular fee of $0.0010 for either adding
or removing non-displayed liquidity. For Members that qualified for
Incremental Fee Tier 2 in at least the three immediately preceding
months, IEX doubles the cap on the amount of Incremental Fee
eligible ADV that qualifies for the $0.0001 reduced fee, and any
additional Incremental Fee eligible ADV in excess of the two-times
Baseline non-displayed ADV cap on the $0.0001 reduced fee is
assessed a reduced fee of $0.0004.
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IEX proposes to increase the threshold volume by which Members must
exceed their Baseline non-displayed ADV to qualify for Incremental Fee
Tier 2 from 15,000,000 to 20,000,000 Incremental Fee eligible ADV,
unless the Members qualified for one of the Exchange's two highest
displayed liquidity adding rebate tiers in the prior month. This
proposed increase is designed to reflect changes to trading volumes in
securities priced at or above $1.00 compared to when these tiers were
set, as well as the increased trading activity of IEX Members; these
changes add liquidity to the Exchange and make the threshold volume
requirement easier to reach. The Exchange believes that the proposed
change to the threshold volume requirement will continue to incentivize
Members to grow their non-displayed volume on the Exchange. Moreover,
IEX notes that increased volume on the Exchange contributes to a deeper
and more liquid market, which benefits all market participants and
provides greater execution opportunities on the Exchange.
With respect to a Member who qualified for one of the Exchange's
two highest displayed liquidity adding rebate tiers in the prior month,
IEX proposes to continue applying the lower qualification requirement,
meaning the Member's Incremental non-displayed ADV must exceed its
Baseline non-displayed ADV by at least 15,000,000. To qualify for Tier
8 in the current month, in the prior month a Member must have added at
least 40,000,000 ADV of displayed liquidity. To qualify for Tier 9 in
the current month, in the prior month a Member must have added at least
50,000,000 ADV of displayed liquidity.\18\
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\18\ On September 30, 2026, IEX filed a proposed rule change
that made a few modifications to the Displayed Liquidity Adding
Rebate Tiers, including introducing a new top-level tier, Tier 9.
See SR-IEX-2026-39. The fee changes in both SR-IEX-2026-39 and this
filing will be operative on November 1, 2026.
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IEX proposes applying the lower qualification requirement for
Members who qualified for Tiers 8 or 9 in the prior month to expand
access to the Incremental Fee Tiers. This proposed change, working in
tandem with the Displayed Liquidity Adding Rebate Tiers, is designed to
incentivize Members to add both displayed and non-displayed liquidity
to the Exchange by making it easier for Members that add substantial
amounts of displayed liquidity to benefit from the Incremental Fee Tier
2 reduced fees.
[[Page 64725]]
To reflect the changed threshold to qualify for Incremental Fee
Tier 2 (for Members who did not qualify for Displayed Liquidity Adding
Rebate Tier 8 or 9 in the prior month), IEX proposes to change any
references in the Fee Schedule to the 15,000,000 Incremental Fee
eligible ADV threshold, so that they refer to the new 20,000,000
Incremental Fee eligible ADV threshold. Specifically, IEX proposes to:
<bullet> In the second bullet in the Incremental Fee Tiers section
of the Fee Schedule, change the language to read in full:
[cir] A Member qualifies for the Incremental Fee (i.e., Incremental
Fee Tier 2) in the current month if its Incremental Fee eligible ADV in
the prior month exceeded its Baseline non-displayed ADV by at least
20,000,000 (or by at least 15,000,000 if the Member qualified for
Displayed Liquidity Adding Rebate Tier 8 or Tier 9).
<bullet> In the ``Incremental Fee Tier Calculation Table (used by
both Options 1 and 2)'' make the following changes:
[cir] Change the ``Required Criteria'' for Tier 1 to read in full:
[ssquf] Member's Incremental non-displayed ADV was less than
20,000,000\a\
[cir] Change the ``Required Criteria'' for Tier 2 to read in full:
[ssquf] Member's Incremental non-displayed ADV was greater than or
equal to 20,000,000\a\
[cir] Change the current references to footnote ``a'' to instead
refer to footnote ``b'', and renumber current footnote ``a'' to be
footnote ``b''
[cir] Add a new explanatory footnote ``a'' that reads in full:
[ssquf] A Member that qualifies for either Displayed Liquidity
Adding Rebate Tier 8 or Tier 9 (based on its prior month activity)
qualifies for Incremental Fee Tier 2 in the current month if its prior
month's Incremental non-displayed ADV exceeded its Baseline non-
displayed ADV by at least 15,000,000. The below examples for
Incremental Fee Tier Option 1 and Option 2 assume the Member did not
qualify for Displayed Liquidity Adding Rebate Tier 8 or Tier 9, and
therefore the Member's Incremental non-displayed ADV must exceed its
Baseline non-displayed ADV by at least 20,000,000 in the prior month to
qualify for Incremental Fee Tier 2 in the current month.
IEX also proposes to update the numbers in several examples in the
Incremental Fee Tier section of the Fee Schedule, so that the examples
accurately reflect the proposed requirement that a Member's Incremental
Fee eligible ADV exceed its Baseline non-displayed ADV by at least
20,000,000 for the Member to qualify for Incremental Fee Tier 2.
Specifically, IEX proposes making the following changes to the examples
and explanatory text in the Fee Schedule:
<bullet> Revise the last sentence in renumbered footnote ``b'' to
the ``Incremental Fee Tier Calculation Table (used by both Options 1
and 2)'' by adding 5,000,000 to the Baseline non-displayed ADV and
20,000,000 to the Incremental Fee Eligible ADV. As proposed, the
sentence will read as follows:
[cir] For example, if such a Member's Baseline non-displayed ADV is
20,000,000 and its Incremental Fee eligible ADV is 70,000,000 (i.e.,
its Incremental non-displayed ADV is 50,000,000), 20,000,000 is
assessed the $0.0010 fee, 40,000,000 is assessed the $0.0001 fee, and
10,000,000 is assessed the $0.0004 fee.
<bullet> Revise the numbers in the Incremental Fee Tier Option 1
example table by adding 5,000,000 to each cell (except for the Baseline
non-displayed ADV, which will remain 20,000,000). Additionally, IEX
proposes to apply the revised numbers to the blended rate calculations
for the Month 1 and Month 2 Fees, and to update the numbers in those
columns to reflect the changed blended rates that result from the
higher threshold volume requirement to qualify for Incremental Fee Tier
2.
[cir] As proposed, the example table, and footnotes will read as
follows:
----------------------------------------------------------------------------------------------------------------
Baseline non- Prior month ADV
Ex. displayed ADV * Month 1 ADV * Month 2 ADV * Month 1 fees Month 2 fees
----------------------------------------------------------------------------------------------------------------
1........ 20mm............ 40mm........... 40mm........... 30mm........... $0.00055/share $0.00055/
**. share.***
2........ 20mm............ 45mm........... 30mm........... 40mm........... 0.0006/share... 0.0010/share.
3........ 20mm............ 45mm........... 55mm........... 15mm........... 0.0006/share... 0.00067/share.
----------------------------------------------------------------------------------------------------------------
* Incremental Fee eligible ADV
** A Member with a Baseline non-displayed ADV of 20,000,000 that has Incremental Fee eligible ADV of 40,000,000
in the Prior Month will pay $0.00055 for all Incremental Fee eligible ADV in Month 1, because that is the
blended average of the Member's Prior Month trading fees ($0.0010/share fee for 20,000,000 and $0.0001/share
fee for 20,000,000).
*** Since the prior month's blended rate is used, the fact that the Member's Month 2 Incremental Fee eligible
ADV did not exceed the Baseline non-displayed ADV by at least 20,000,000 would not be taken into account until
Month 3 billing.
<bullet> Revise the numbers in the Incremental Fee Tier Option 2
example table by adding 5,000,000 multiplied by the number of trading
days in the month, to each cell listing an ADV value (except for the
Baseline non-displayed ADV, which will remain 20,000,000), and any cell
listing a TAV value (except for the Baseline non-displayed TAV \19\
columns, which will remain unchanged). Additionally, IEX proposes to
update the Incremental Fee eligible TAV,\20\ Incremental non-displayed
TAV,\21\ and Month 1 and 2 Fees values in the example table.
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\19\ ``Baseline non-displayed TAV'' is calculated by multiplying
the Baseline non-displayed ADV times the number of trading days in
the current month. See Fee Schedule, supra, note 7.
\20\ ``Incremental Fee eligible TAV'' is calculated by
multiplying the current month's Incremental Fee eligible ADV times
the number of trading days in the current month. See Fee Schedule,
supra, note 7.
\21\ Incremental non-displayed TAV is the amount by which the
current month's Incremental Fee eligible TAV exceeds the Baseline
non-displayed TAV. If the Baseline non-displayed TAV is greater than
the Incremental Fee eligible TAV, this value is 0. If this value
exceeds the Baseline non-displayed TAV, the number of shares
eligible for the reduced Incremental Fee is capped at the Baseline
non-displayed TAV for Members that have not qualified for
Incremental Fee Tier 2 in each of the three immediately preceding
months. For Members that have qualified for Incremental Fee Tier 2
for at least the three immediately preceding months, the number of
shares eligible for the $0.0001 fee is capped at two times the
Baseline non-displayed ADV, and any volume greater than three times
the Baseline non-displayed ADV is eligible for the $0.0004 fee. See
Fee Schedule, supra, note 7.
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[cir] As proposed, the example table, and footnotes will read as
follows:
[[Page 64726]]
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Month 1 (19 trading days)
Baseline non- --------------------------------------------------------------------------------
displayed ADV Prior month ADV * Baseline volume Incremental volume Month 1 fees
ADV * Total volume ** *** ****
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1........... 20mm.............. 40mm.............. 40mm.............. 760mm............. 380mm............. 380mm............. <bullet> $0.0010/
share on first
380mm shares.
<bullet> $0.0001/
share on
remaining 380mm
shares.
2........... 20mm.............. 45mm.............. 30mm.............. 570mm............. 380mm............. 190mm............. <bullet> $0.0010/
share on first
380mm shares.
<bullet> $0.0001/
share on
remaining 190mm
shares.
3........... 20mm.............. 45mm.............. 55mm.............. 1,045mm........... 380mm............. 665mm (only 380mm <bullet> $0.0010/
eligible for share on first
$0.0001 fee). 380mm shares.
<bullet> $0.0001/
share on next
380mm shares.
<bullet> $0.0010/
share on
remaining 285mm
shares.
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* Incremental Fee eligible ADV.
** Incremental Fee eligible TAV.
*** Baseline non-displayed TAV.
**** Incremental non-displayed TAV.
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Month 2 (22 trading days)
Baseline non- --------------------------------------------------------------------------------
displayed ADV Month 1 ADV * Baseline volume Incremental volume Month 2 fees
ADV * Total volume ** *** ****
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1........... 20mm.............. 40mm.............. 30mm.............. 660mm............. 440mm............. 220mm............. <bullet> $0.0010/
share on first
440mm shares.
<bullet> $0.0001/
share on
remaining 220mm
shares.
2........... 20mm.............. 30mm.............. 40mm.............. 880mm............. N/A (Month 1 ADV N/A............... <bullet> 0.0010/
did not exceed share on all
Baseline Vol. by 880mm shares.
at least 20mm).
3........... 20mm.............. 55mm.............. 15mm.............. 330mm............. 440mm............. 0 (Baseline Vol. > <bullet> $0.0010/
Total Vol.). share on all
330mm shares.
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* Incremental Fee eligible ADV.
** Incremental Fee eligible TAV.
*** Baseline non-displayed TAV.
**** Incremental non-displayed TAV.
Additionally, IEX proposes to remove the word ``proposed'' from the
first bullet in the ``Incremental Fee Tier Option 2'' section of the
Fee Schedule. This word is a holdover from the filing that proposed the
introduction of Option 1 and Option 2 and is no longer accurate or
relevant.
As noted above, the Exchange is not proposing to change the fees
applicable to executions of and with orders with an execution price
below $1.00 per share.
2. Statutory Basis
IEX believes that the proposed rule change is consistent with the
provisions of Section 6(b) \22\ of the Act in general and furthers the
objectives of Sections 6(b)(4) \23\ of the Act, in particular, in that
it is designed to not be unfairly discriminatory and to provide for the
equitable allocation of reasonable dues, fees and other charges among
its Members and other persons using its facilities.
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\22\ 15 U.S.C. 78f.
\23\ 15 U.S.C. 78f(b)(4).
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First, IEX believes that this proposal provides for the reasonable
and equitable allocation of reasonable fees among its Members and is
not designed to be unfairly discriminatory because its proposal to
increase the threshold volume Members must satisfy to qualify for
Incremental Fee Tier 2 reflects a reasonable pricing structure, made
for business and competitive reasons in response to market volumes and
activity on IEX. The Exchange further believes the proposed increase to
the threshold volume requirement to qualify for Incremental Fee Tier 2
(for Members that did not qualify for Displayed Liquidity Adding Rebate
Tiers 8 or 9 in the prior month) will continue to incentivize Members
to grow their non-displayed volume on the Exchange. And increased
volume on the Exchange contributes to a deeper and more liquid market,
which benefits all market participants and provides greater execution
opportunities on the Exchange.
Additionally, IEX believes that the proposed lower threshold to
qualify for Incremental Fee Tier 2 for Members that add a substantial
amount of displayed liquidity to the Exchange is consistent with the
purposes of the Act. This part of the proposal, which IEX makes for
business and competitive reasons, is designed to further incentivize
Members to add more displayed liquidity to the Exchange, thereby
contributing to a deeper and more liquid market, to the benefit of all
market participants.
Further, IEX notes that this fee proposal is reasonable, equitable,
and not designed to permit unfair discrimination because all similarly
situated Members will be treated the same. And IEX does not believe
that any aspect of this proposal raises new or novel issues not already
considered by the Commission.
Additionally, IEX believes that the proposed updates to the
examples in the Fee Schedule described in the Purpose section further
the purposes of the Act
[[Page 64727]]
because they provide greater clarity and consistency to the Fee
Schedule, thereby reducing the potential for confusion of any market
participants. The Exchange believes that the proposed updated examples
will provide greater clarity to Members and the public regarding the
Exchange's Fee Schedule and are therefore consistent with the
protection of investors and the public interest.
Finally, the Exchange believes that the proposed change to remove
the word ``proposed'' from the description of Option 2 in the Fee
Schedule is consistent with the protection of investors and the public
interest because it removes an outdated and no longer relevant term
from the Fee Schedule, thereby making it more accurate and complete,
which is consistent with the protection of investors and the public
interest.
The Exchange operates in a highly competitive market in which
market participants can readily direct order flow to competing venues
if they deem fee levels at a particular venue to be excessive. Within
that context, the proposed changes to the Incremental Fee Tier
structure are designed to keep IEX's non-displayed trading prices
competitive with those of other exchanges.
B. Self-Regulatory Organization's Statement on Burden on Competition
IEX does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. The Exchange does not believe
that the proposed rule change will impose any burden on intermarket
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. The Exchange operates in a highly competitive
market in which market participants can readily direct order flow to
competing venues if fee schedules at other venues are viewed as more
favorable. Consequently, the Exchange believes that the degree to which
IEX fees could impose any burden on competition is extremely limited
and does not believe that such fees would burden competition between
Members or competing venues. Moreover, as noted in the Statutory Basis
section, the Exchange does not believe that the proposed changes raise
any new or novel issues not already considered by the Commission.
The Exchange does not believe that the proposed rule change will
impose any burden on intramarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act because, while
different fees are assessed on Members, these fees are not based on the
type of Member entering the orders that match, but rather on the
Member's own trading activity. Further, the proposed fee change is
intended to encourage market participants to bring increased order flow
to the Exchange, which benefits all market participants.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(ii) \24\ of the Act.
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\24\ 15 U.S.C. 78s(b)(3)(A)(ii).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \25\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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\25\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. 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#6b191e070e46080406060e051f182b180e08450c041d"><span class="__cf_email__" data-cfemail="bbc9ced7de96d8d4d6d6ded5cfc8fbc8ded895dcd4cd">[email protected]</span></a>. Please include
file number SR-IEX-2026-40 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 SR-IEX-2026-40. 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 SR-IEX-2026-40 and should be submitted on
or before October 30, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\26\
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\26\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-20710 Filed 10-8-26; 8:45 am]
BILLING CODE 8011-01-P
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