# 2025-10974: MIAX Pearl Polishes Trading Rules for Clarity Only

2025-10974, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rules 2618, Risk Settings and Trading Risk Metrics, 2621, Clearly Erroneous Executions, 2626, Retail Order Attribution Program, and 2900, Unlisted Trading Privileges, is a Federal Register notice from Securities and Exchange Commission published 2025-06-17, effective 2025-06-05; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-10974
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-10974
- Title: Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rules 2618, Risk Settings and Trading Risk Metrics, 2621, Clearly Erroneous Executions, 2626, Retail Order Attribution Program, and 2900, Unlisted Trading Privileges
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 25652
- Published: 2025-06-17
- Effective: 2025-06-05
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

MIAX Pearl Polishes Trading Rules for Clarity Only

## Summary

MIAX PEARL is updating some of its trading rules to make them clearer and easier to understand. These changes affect traders using MIAX Pearl Equities and won’t change how the rules work or cost anyone extra. The updates took effect right away on June 5, 2025, so everyone can trade with more confidence and less confusion.

## Effects PRIA read

- Clarifying Edits to MIAX Pearl Rules: benefit, low. MIAX PEARL made minor, non‑substantive clarifying edits to Exchange Rules 2618, 2621, 2626, and 2900. The edits reorganize and renumber internal headings and update internal cross‑references, do not change how the rules operate, and do not cost anyone extra. The changes became effective immediately…

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## Sources
- [2025-10974 on federalregister.gov](https://www.federalregister.gov/documents/2025/06/17/2025-10974/self-regulatory-organizations-miax-pearl-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-10974 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-06-17/pdf/2025-10974.pdf)

## Related
- [Previous: 2025-10973, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-10973)
- [Next: 2025-10975, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Imm…](https://policyrisk.com/federal-register/2025-10975)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-10974 (as of 2026-06-08).