MIAX Pearl® Equities Exchange Rule Filings
As a registered national securities exchange, MIAX Pearl is required to submit to the SEC, pursuant to Section 19 of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 19b-4 thereunder, proposed rule changes. MIAX Pearl is required to post its rule filings on its website within two business days after submission. Rule filings are not effective until approved by the SEC, with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Exchange Act and Rule 19b-4 thereunder. MIAX Pearl will post below pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
SR-PEARL-2025-28
Effective / Approved
Proposal to amend the MIAX Pearl Equities Fee Schedule to amend the NBBO Setter Plus Program.
June 06, 2025
SR-PEARL-2025-26
Effective / Approved
Amend Pearl Equities Rules 2618, Risk Settings and Trading Risk Metrics, 2621, Clearly Erroneous Executions, 2626, Retail Order Attribution Program, and 2900, Unlisted Trading Privileges to make minor, non-substantive edits and clarifying changes to provide consistency and clarity within the rule text.
June 05, 2025
SR-PEARL-2025-25
Withdrawn
This filing was withdrawn on June 6, 2025 and replaced with SR-PEARL-2025-28.
May 30, 2025
SR-PEARL-2025-24
Effective / Approved
Proposal to amend the MIAX Pearl Equities Fee Schedule to amend all port fees.
May 22, 2025
SR-PEARL-2025-23
Effective / Approved
Amend Pearl Equity Exchange Rule 2617 to remove an unnecessary parenthetical naming the primary listing equities.
May 21, 2025
SR-PEARL-2025-22
Effective / Approved
Proposal to amend the MIAX Pearl Options Fee Schedule to establish User and Non-Display Usage fees for the Exchange's proprietary market data feeds.
May 07, 2025
SR-PEARL-2025-21
Effective / Approved
Amend the Pearl Options Fee Schedule to establish a fee to the Testing Systems Environment.
April 30, 2025
SR-PEARL-2025-20
Effective / Approved
Amend the Pearl Equities Fee Schedule to adopt monthly fees assessed to users that elect to subscribe to the U.S. Equity Short Volume & Trades Report.
April 30, 2025