# 2026-12520: Exchange Quietly Ditches Full Info Circulars for Shorter Notes

2026-12520, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 14.11 Regarding Information Circular Requirements, is a Federal Register notice from Securities and Exchange Commission published 2026-06-23, effective 2026-06-05 (as of 2026-06-30).

- Canonical: https://policyrisk.com/federal-register/2026-12520
- As of: 2026-06-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12520
- Title: Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 14.11 Regarding Information Circular Requirements
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 37477
- Published: 2026-06-23
- Effective: 2026-06-05
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-30

## In one line

Exchange Quietly Ditches Full Info Circulars for Shorter Notes

## Summary

Cboe BZX Exchange is changing its rules about how it shares info with its members before trading certain derivative securities. They’re dropping the old rule that required sending a full info circular and now will use a simpler, exchange-approved written description instead. This change kicks in right away and aims to make things clearer and quicker for traders without extra costs.

## Effects PRIA read

No economic effects identified for this document.

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## Sources
- [2026-12520 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/23/2026-12520/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-12520 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-23/pdf/2026-12520.pdf)

## Related
- [Previous: 2026-12519, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Instituting P…](https://policyrisk.com/federal-register/2026-12519)
- [Next: 2026-12521, Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing a…](https://policyrisk.com/federal-register/2026-12521)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12520 (as of 2026-06-30).