MIAX Sapphire® Options Exchange Rule Filings
As a registered national securities exchange, MIAX Sapphire 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 Sapphire 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 Sapphire 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-SAPPHIRE-2026-09
Effective / Approved
Amend the Fee Schedule to update certain non-transaction fee waivers and remove text regarding the fee waivers that are set to expire at the end of February 2026.
February 27, 2026
SR-SAPPHIRE-2026-08
Effective / Approved
Amend the Fee Schedule to temporarily reduce the ORF to $0.0011 per contract between March 1, 2026 and June 30, 2026.
February 27, 2026
SR-SAPPHIRE-2026-05
Effective / Approved
Extend implementation date of Selective Liquidity Auto Purge ("SLAP") until Q2 2026.
February 06, 2026
SR-SAPPHIRE-2026-06
Effective / Approved
Amend Rule 531, Reports and Market Data Products, to establish the new Purge Liquidity Taker Event Report.
February 05, 2026