# 2026-16277: Another Exchange Speeds Broker Exam Retries

2026-16277, Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1900, Interpretation and Policy .06, To Reduce the Waiting Periods for Retaking FINRA Qualification Examinations, is a Federal Register notice from Securities and Exchange Commission published 2026-08-11, effective 2026-08-06; PRIA reads it as touching household money (as of 2026-08-18).

- Canonical: https://policyrisk.com/federal-register/2026-16277
- As of: 2026-08-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-16277
- Title: Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1900, Interpretation and Policy .06, To Reduce the Waiting Periods for Retaking FINRA Qualification Examinations
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 51819
- Published: 2026-08-11
- Effective: 2026-08-06
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-08-18

## In one line

Another Exchange Speeds Broker Exam Retries

## Summary

MIAX Sapphire is speeding things up for folks who need to retake their FINRA qualification exams by cutting down the waiting times between tries. This change helps traders and financial pros get back on track faster without extra delays. The new rule is already in effect, so no waiting around—just quicker chances to pass and keep working!

## Effects PRIA read

- Faster FINRA Exam Retakes for Individuals: benefit, medium. If you need to retake a FINRA qualification exam to register as a representative or principal, the waiting time is shortened to 15 days after your first and second failed attempts, and 60 days after your third and later failed attempts within a two-year period. Previously the rule required 30 days…
- Less Burdensome Rules for Dual Member Firms: benefit, low. Broker-dealer members that are members of both MIAX Sapphire and FINRA will have the same qualification-exam retake waiting periods because MIAX Sapphire aligned its rule with FINRA's 15/15/60 schedule. This harmonization is intended to reduce duplicate or conflicting requirements and make complian…

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## Sources
- [2026-16277 on federalregister.gov](https://www.federalregister.gov/documents/2026/08/11/2026-16277/self-regulatory-organizations-miax-sapphire-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2026-16277 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-08-11/pdf/2026-16277.pdf)

## Related
- [Previous: 2026-16276, Rapid City, Pierre & Eastern Railroad, Inc.-Acquisition and Operation Exemption…](https://policyrisk.com/federal-register/2026-16276)
- [Next: 2026-16278, Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and I…](https://policyrisk.com/federal-register/2026-16278)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-16277 (as of 2026-08-18).