Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX Rule 3.291 (Influencing or Rewarding Employees of Others; Gratuities), To Conform to the Rules of FINRA for Purposes of an Agreement Between the Exchange and FINRA Pursuant To Rule 17d-2 Under the Act

Issuing agencies

Full Text

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<title>Federal Register, Volume 91 Issue 216 (Tuesday, November 10, 2026)</title>
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[Federal Register Volume 91, Number 216 (Tuesday, November 10, 2026)]
[Notices]
[Pages 72597-72600]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22845]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106827; File No. SR-IEX-2026-43]


Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX 
Rule 3.291 (Influencing or Rewarding Employees of Others; Gratuities), 
To Conform to the Rules of FINRA for Purposes of an Agreement Between 
the Exchange and FINRA Pursuant To Rule 17d-2 Under the Act

November 5, 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 October 29, 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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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 IEX Rule 3.291 (Influencing 
or Rewarding Employees of Others; Gratuities), to conform to the rules 
of the Financial Industry Regulatory Authority, Inc. (``FINRA'') for 
purposes of an agreement between the Exchange and FINRA pursuant to 
Rule 17d-2 under the Act.
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    \4\ 15 U.S.C. 78s(b)(1).
    \5\ 17 CFR 240.19b-4.
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    The Exchange has designated this proposed rule change as ``non-
controversial'' under Section 19(b)(3)(A) of the Act \6\ and provided 
the Commission with the notice required by Rule 19b-4(f)(6) 
thereunder.\7\
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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4.
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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
    The Exchange proposes to amend IEX Rule 3.291 (Influencing or 
Rewarding Employees of Others; Gratuities), to make conforming changes 
to the Rule such that it remains substantially similar to FINRA Rule 
3220. The Exchange notes that this filing is based on a rule change 
proposal recently submitted by FINRA and approved by the Commission, 
which amended FINRA Rule 3220 (Influencing or Rewarding Employees of 
Others).\8\
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    \8\ See Securities Exchange Act Release No. 104830 (February 12, 
2026), 91 FR 7570 (February 18, 2026) (Order Approving File No. SR-
FINRA-2025-003) (``FINRA 3220 Filing'').
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    Pursuant to Rule 17d-2 under the Act,\9\ the Exchange and FINRA 
entered into an agreement to allocate regulatory responsibility for 
common rules (the ``17d-2 Agreement'').\10\ The 17d-2 Agreement covers 
common members of the Exchange and FINRA and allocates to FINRA 
regulatory responsibility, with respect to common members, for the 
following: (i) examination of common members of the Exchange and FINRA 
for compliance with certain federal securities laws, rules and 
regulations and rules of the Exchange that the Exchange has certified 
as identical or substantially similar to FINRA rules; (ii) 
investigation of common members of the Exchange and FINRA for 
violations of certain federal securities laws, rules or regulations, or 
Exchange rules that the Exchange has certified as identical or 
substantially similar to a FINRA rule; and (iii) enforcement of 
compliance by common members with certain federal securities laws, 
rules and regulations, and the rules of the Exchange that the Exchange 
has certified as identical or substantially similar to FINRA rules.\11\
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    \9\ 17 CFR 240.17d-2.
    \10\ See Securities Exchange Act Release No. 105332 (April 28, 
2026), 91 FR 23506 (May 1, 2026) (File No. 4-700) (Notice of Filing 
and Order Approving and Declaring Effective an Amended Plan for the 
Allocation of Regulatory Responsibilities Between the Financial 
Industry Regulatory Authority, Inc. and Investors Exchange LLC).
    \11\ See supra, note 10.
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    The 17d-2 Agreement includes a certification by the Exchange that 
states that the requirements contained in certain IEX Rules are 
identical to, or substantially similar to, certain FINRA rules that 
have been identified as comparable. Included among those rules is Rule 
3.291, which IEX previously certified to be identical to, or 
substantially similar to, FINRA Rule 3220.
    Currently, Rule 3.291 would not be covered under the 17d-2 
Agreement because the FINRA 3220 Filing changed FINRA Rule 3220 such 
that the FINRA rule is no longer identical, or substantially similar 
to, FINRA Rule 3220. Rule 3.291 prohibits a Member \12\ or person 
associated with a Member from, directly or indirectly, giving or 
permitting to be given anything of value, including gratuities, in 
excess of one

[[Page 72598]]

hundred dollars per individual per year to any person, principal, 
proprietor, employee, agent, or representative of another person where 
such payment or gratuity is in relation to the business of the employer 
of the recipient of the payment or gratuity. By contrast, the recently 
amended FINRA Rule 3220 prohibits gifts in excess of $300.00, where the 
gift or gratuity is in relation to the business of the employer of the 
recipient. The FINRA 3220 Filing also introduced provisions covering: 
supervision and recordkeeping requirements; gifts incidental to 
business entertainment; valuation of gifts; aggregation of gifts; 
personal gifts; bereavement gifts; de minimis gifts and promotional or 
commemorative items; donations due to federally declared major 
disasters; or gifts to a Member's associated persons or individual 
retail customers. Because of the above-described differences between 
Rule 3.291 and FINRA Rule 3220, Rule 3.291 currently will not be 
considered a common rule pursuant to the 17d-2 Agreement. To again 
harmonize its rules with those of FINRA, the Exchange now proposes to 
conform the text of Rule 3.291 to FINRA Rule 3220, so that it may be 
incorporated into the 17d-2 Agreement in its entirety.
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    \12\ See Rule 1.160(s).
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    The Exchange believes that these changes will help to avoid 
confusion among Members of the Exchange that are also members of FINRA 
by harmonizing Rule 3.291 with FINRA Rule 3220. The proposed changes to 
Rule 3.291 are designed to enable the Exchange to incorporate Rule 
3.291 into the 17d-2 Agreement, further reducing duplicative regulation 
of Members that are also members of FINRA. For the avoidance of doubt, 
Rule 3.291 would apply equally to Exchange-only Members as the Exchange 
believes it appropriately protects against improprieties, such as 
conflicts of interest, that might arise when a Member or person 
associated with a Member gives items of value to an employee of another 
person, such as an institutional customer, vendor or counterparty with 
the hope of strengthening the relationship with the customer.
    First, the Exchange proposes to amend Rule 3.291 to increase the 
gift limit from $100 to $300 per individual per year. FINRA stated that 
the current gift limit of $100 has been in place since 1992.\13\ FINRA 
increased the gift limit from $100 to $300 to account for past 
inflation since 1992 and to account for expected future inflation for 
approximately ten years, thereby reducing the frequency of future 
upwards adjustments to account for inflation.\14\ Consistent with 
FINRA's determination, the Exchange believes that a $300 gift limit 
would continue to permit the exchange of business courtesies while 
helping to guard against excessiveness, and reasonably reflects changes 
to purchasing power due to inflation since the gift limit was last 
raised in 1992 as well as approximately ten years of expected future 
inflation.
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    \13\ See supra, note 8.
    \14\ Id.
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    Second, the Exchange proposes to add a new paragraph (d) to Rule 
3.291 that would authorize FINRA, acting on behalf of the Exchange, to 
conditionally or unconditionally grant an exemption from any provision 
of 3.291 for good cause shown, provided that such exemption is 
consistent with the purpose of the Rule, the protection of investors, 
and the public interest. Specifically, the Exchange proposes that 
pursuant to Rule Series 9.600, FINRA staff, for good cause shown after 
taking into consideration all relevant factors, may conditionally or 
unconditionally grant an exemption from any provision of this Rule to 
the extent that such exemption is consistent with the purpose of the 
Rule, the protection of investors, and the public interest. This 
proposed provision mirrors the exemptive relief authority added by 
FINRA in new FINRA Rule 3220(d). Given the scope of Rule 3.291, which 
applies to gifts given to a wide range of recipients where the payment 
is in relation to the business of the employer of the recipient, and 
given the diversity of Member sizes, structures, businesses, and 
distribution models, the Exchange believes it would be useful and 
appropriate to have the ability to provide relief from a particular 
provision of the Rule under specific factual circumstances.
    Third, FINRA Rule 3220 incorporated published guidance interpreting 
FINRA Rule 3220, including NASD Notice to Members 06-69,\15\ FINRA's 
Frequently Asked Questions on Gifts, Business Entertainment, and Non-
Cash Compensation,\16\ as well as an interpretive letter regarding 
bereavement gifts (the ``Aly Letter'').\17\ To maintain substantive 
alignment with FINRA Rule 3220, the Exchange proposes to adopt 
corresponding Supplementary Material .01 through .09 to Rule 3.291. 
Each proposed Supplementary Material section is described below.
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    \15\ See NASD Notice to Members 06-69 (Dec. 2006) (``NTM 06-
69'').
    \16\ See Gifts/Business Entertainment/Non-Cash Compensation 
FAQs, <a href="https://www.finra.org/rules-guidance/keytopics/gifts-gratuities-and-non-cash-compensation/faqs">https://www.finra.org/rules-guidance/keytopics/gifts-gratuities-and-non-cash-compensation/faqs</a> (``FAQs'').
    \17\ See Letter from Gary L. Goldsholle, Vice President & 
Associate General Counsel, FINRA, to Amal Aly, Managing Director & 
Associate General Counsel, SIFMA, dated December 17, 2007 (``Aly 
Letter'').
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    Proposed Supplementary Material .01 (Gifts Incidental to Business 
Entertainment) would state that a gift given during the course of a 
business entertainment event is subject to Rule 3.291 unless it is 
consistent with the requirements of proposed Supplementary Material .04 
(Personal Gifts) or .06 (De Minimis Gifts and Promotional or 
Commemorative Items) which is substantially similar to FINRA Rule 3220 
Supplementary Material .04 and .06. For the purpose of the $300 limit, 
the cost of the business entertainment event itself would not be 
included in the value of the gift.
    Proposed Supplementary Material .02 (Valuation of Gifts) would 
require Members to value gifts (other than tickets for sporting or 
other events) at cost, exclusive of tax and delivery charges, and would 
require Members to value tickets for sporting or other events at the 
higher of cost or face value. If gifts are given to multiple 
recipients, Members must record the names of each recipient and 
calculate and record the value of the gift on a pro rata, per-recipient 
basis, for purposes of ensuring compliance with the $300 limit in Rule 
3.291. Supplementary Material .02 to FINRA Rule 3220 requires Members 
to value gifts (other than tickets for sporting or other events) at 
cost rather than at the higher of cost or market value, which reduces 
complexity and subjectivity because market value can be difficult and 
burdensome to determine, while distinguishing tickets for sporting or 
other events accounts for the fact that such tickets are commonly 
purchased on secondary markets at costs that differ from face value. 
This proposed revision is substantially similar to Supplementary 
Material .02 to FINRA Rule 3220.
    Proposed Supplementary Material .03 (Aggregation of Gifts) would 
require Members to aggregate all gifts given by the Member and each 
associated person of the Member to a particular recipient over the 
course of the year for purposes of ensuring compliance with the $300 
limit in Rule 3.291(a), and would require each Member to state in its 
procedures whether it is aggregating all gifts given by the Member and 
its associated persons on a calendar year, fiscal year, or on a rolling 
basis beginning with the first gift to any particular recipient. The 
aggregation requirement would not apply to personal gifts under 
proposed

[[Page 72599]]

Supplementary Material .04 or to gifts of de minimis value or 
promotional or commemorative items under proposed Supplementary 
Material .06 as they are already not subject to the gift limit. This 
proposed provision, which is substantially similar to Supplementary 
Material .03 to FINRA Rule 3220, would help ensure that persons who 
give multiple gifts in a year to the same recipient do not circumvent 
the gift limit.
    Proposed Supplementary Material .04 (Personal Gifts) would state 
that gifts that are given for infrequent life events (e.g., a wedding 
gift or a congratulatory gift for the birth of a child) are not subject 
to the restrictions in Rule 3.291(a) or the recordkeeping requirements 
in Rule 3.291(c), provided the gifts are customary and reasonable, 
personal in nature, and not in relation to the business of the employer 
of the recipient. In determining whether a gift is ``personal in nature 
and not in relation to the business of the employer of the recipient,'' 
Members should consider a number of factors, including the nature of 
any pre-existing personal or family relationship between the person 
giving the gift and the recipient and whether the associated person 
paid for the gift. When the Member bears the cost of the gift, either 
directly or by reimbursing an associated person, FINRA will presume 
that such gift is not personal in nature and instead is in relation to 
the business of the employer of the recipient. This provision is 
substantially similar to Supplementary Material .04 to FINRA Rule 3220.
    Consistent with Supplementary Material .05 to FINRA Rule 3220 
(Bereavement Gifts), proposed Supplementary Material .05 to Rule 3.291 
separates bereavement gifts from personal gifts. Proposed Supplementary 
Material .05 to Rule 3.291 would state that bereavement gifts that are 
customary and reasonable are not considered to be in relation to the 
business of the employer of the recipient and, therefore, are not 
subject to the restrictions in Rule 3.291(a) or the recordkeeping 
requirements in Rule 3.291(c). This provision is substantially similar 
to Supplementary Material .05 to FINRA Rule 3220.
    Proposed Supplementary Material .06 (De Minimis Gifts and 
Promotional or Commemorative Items), at paragraph (a), would state that 
gifts of a de minimis value (e.g., pens, notepads, or modest desk 
ornaments) or promotional items of nominal value that display the 
Member's logo (e.g., umbrellas, tote bags, or shirts) are not subject 
to the restrictions in Rule 3.291(a) or the recordkeeping requirements 
in Rule 3.291(c), provided that the value of the gift or promotional 
item is substantially below the $300 limit. Proposed Supplementary 
Material .06(b) would state that customary and reasonable solely 
decorative items commemorating a business transaction are not subject 
to the restrictions in Rule 3.291(a) or the recordkeeping requirements 
in Rule 3.291(c). These provisions are substantially similar to 
Supplementary Material .06 to FINRA Rule 3220.
    Proposed Supplementary Material .07 (Donations Due to Federally 
Declared Major Disasters) would state that donations by a Member or an 
associated person to any person, principal, proprietor, employee, agent 
or representative of another person to provide assistance to the 
individual for losses sustained in a natural event that the President 
of the United States has declared to be a major disaster, such as a 
wildfire, hurricane, tornado, earthquake, or flood, are not considered 
``in relation to the business of the employer of the recipient'' for 
purposes of Rule 3.291(a) and are not subject to the restrictions in 
Rule 3.291(a) or the recordkeeping requirements of Rule 3.291(c). This 
provision is substantially similar to Supplementary Material .07 to 
FINRA Rule 3220 which recognizes that the nature of such disasters is 
unpredictable and catastrophic.
    Proposed Supplementary Material .08 (Supervision and Recordkeeping) 
would state that the Exchange's supervision rules in Rule 5.110 require 
a Member to have a supervisory system reasonably designed to achieve 
compliance with Rule 3.291. To meet these standards, Members would be 
required to have systems and procedures reasonably designed to ensure 
that payments and gratuities in relation to the business of the 
employer of the recipient given by the Member and its associated 
persons to employees of another person are (a) reported to the Member; 
(b) reviewed for compliance with Rule 3.291; and (c) maintained in the 
Member's records. Such procedures must be reasonably designed to ensure 
that an associated person who is giving a payment or gratuity is not 
responsible for determining whether such payment or gratuity is in 
relation to the business of the recipient's employer. Members are not 
required to maintain records of gifts that are consistent with the 
requirements of proposed Supplementary Material .04 through .07. 
Requiring a person other than the associated person giving the gift to 
assess the nature of the gift is intended to encourage objectivity in 
making such determinations. This proposed revision is substantially 
similar to Supplementary Material .08 to FINRA Rule 3220.
    Proposed Supplementary Material .09 (Gifts to a Member's Associated 
Persons or Individual Retail Customers) would state that Rule 3.291 
does not apply to gifts from a Member to its own associated persons, or 
to gifts from a Member or an associated person to individual retail 
customers. The Exchange believes that proposed Supplementary Material 
.09 would clarify, and improve awareness and understanding of, the 
scope of Rule 3.291. This proposed revision is substantially similar to 
Supplementary Material .09 to FINRA Rule 3220.
    The Exchange believes the proposed rule change would improve 
transparency, awareness, and understanding of the requirements of Rule 
3.291 and FINRA Rule 3220, without reducing protection for investors 
and the public interest. Thus, the Exchange believes these proposed 
changes would help facilitate compliance with Rule 3.291 and would 
provide regulatory certainty to Members. Because the Exchange proposes 
to make conforming amendments that are substantially similar to FINRA's 
amendments to FINRA Rule 3220, Members that are also FINRA members 
would continue to be subject to a substantially similar rule when 
conducting business on the Exchange. In addition, Members that are not 
FINRA members would continue to be subject to Rule 3.291 to the extent 
that such Members conduct business with the public.
2. Statutory Basis
    IEX believes that the proposed rule change is consistent with the 
provisions of Section 6(b) \18\ of the Act in general, and furthers the 
objectives of Section 6(b)(5) of the Act \19\ in particular, in that it 
is designed to prevent fraudulent and manipulative acts and practices, 
to foster cooperation and coordination with persons engaged in 
facilitating transactions in securities, to promote just and equitable 
principles of trade, to remove impediments to and perfect the mechanism 
of a free and open market and a national market system, and, in 
general, to protect investors and the public interest.
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    \18\ 15 U.S.C. 78f(b).
    \19\ 15 U.S.C. 78f(b)(5).
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    As noted above, the proposed rule change conforms Rule 3.291 to 
FINRA Rule 3220 so that it is substantially similar to FINRA's rule, 
thereby promoting uniform standards across the securities industry. The 
Exchange also notes the changes proposed herein align

[[Page 72600]]

Rule 3.291 with a recent filing submitted by FINRA and approved by the 
Commission.\20\ The Exchange further believes that these changes will 
help to reduce and avoid potential confusion among Members of the 
Exchange that are also members of FINRA by harmonizing Rule 3.291 with 
FINRA Rule 3220. The proposed rule change is designed to enable the 
Exchange to incorporate Rule 3.291 into the 17d-2 Agreement, further 
reducing duplicative regulation of Members that are also members of 
FINRA. For the avoidance of doubt, Rule 3.291 would equally apply to an 
Exchange-only Member as the Exchange believes it appropriately protects 
against improprieties that might arise when substantial gifts or 
monetary payments are given to certain persons.
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    \20\ See supra, note 8.
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    The Exchange believes the proposed rule change would promote 
efficiency without reducing protection for investors and the public 
interest. The proposed changes to Rule 3.291 to conform to the rules of 
FINRA will improve transparency, awareness, and understanding of the 
Rule's requirements. The Exchange believes these proposed changes would 
also help facilitate compliance with Rule 3.291.

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 proposed rule change is not 
designed to address any competitive issue but to align the Exchange's 
rules with those of FINRA. Aligning Rule 3.291 with FINRA Rule 3220 
would avoid potentially different outcomes for members of both FINRA 
and IEX with respect to gifts and gratuities. This change would provide 
greater harmonization among IEX and FINRA rules of similar purpose, 
resulting in less burdensome and more efficient regulatory compliance 
for common members and facilitating FINRA's performance of its 
regulatory functions under the 17d-2 Agreement. As such, the Exchange 
does not believe that the proposed rule change will impose any burden 
on competition not necessary or appropriate in furtherance of the 
purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    Written comments on the proposed rule change were neither solicited 
nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The Exchange has designated this rule filing as non-controversial 
under Section 19(b)(3)(A) \21\ of the Act and Rule 19b-4(f)(6) \22\ 
thereunder. Because the proposed rule change does not: (i) 
significantly affect the protection of investors or the public 
interest; (ii) impose any significant burden on competition; and (iii) 
become operative for 30 days from the date on which it was filed, or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6) thereunder.
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    \21\ 15 U.S.C. 78s(b)(3)(A).
    \22\ 17 CFR 240.19b-4(f)(6).
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    The proposal does not significantly affect the protection of 
investors or the public interest. Further, the proposal does not impose 
any significant burden on competition. As discussed above, the Exchange 
believes that the proposed change is consistent with the protection of 
investors and the public interest because the proposed rule change will 
promote greater harmonization between the Exchange and FINRA rules of 
similar purpose, resulting in greater uniformity and less burdensome 
and more efficient regulatory compliance. Additionally, the proposed 
rule change does not raise any new policy issues not previously 
considered by the Commission nor impose any significant burden on 
competition because it would result in less burdensome and more 
efficient regulatory compliance for common members and facilitating 
FINRA's performance of its regulatory functions under the 17d-2 
Agreement. As described above, the Exchange notes that the proposed 
change is directly based on proposed a rule change submitted by FINRA 
that was approved by the Commission.\23\
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    \23\ See supra, note 8.
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    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) \24\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
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    \24\ 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#1062657c753d737f7d7d757e6463506375733e777f66"><span class="__cf_email__" data-cfemail="a5d7d0c9c088c6cac8c8c0cbd1d6e5d6c0c68bc2cad3">[email&#160;protected]</span></a>. Please include 
file number SR-IEX-2026-43 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-2026-43. 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-2026-43 and should be submitted on 
or before December 1, 2026.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\25\
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    \25\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-22845 Filed 11-9-26; 8:45 am]
BILLING CODE 8011-01-P


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