# 2026-16470: 26 Exchanges Team Up for Options Spy Duty—SEC Says Yes 2026-16470, Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amendment to the Plan for the Allocation of Regulatory Responsibilities Among NYSE American LLC, Cboe BZX Exchange, Inc., the Cboe EDGX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe Exchange, Inc., Nasdaq ISE, LLC, Financial Industry Regulatory Authority, Inc., NYSE Arca, Inc., The Nasdaq Stock Market LLC, BOX Exchange LLC, Nasdaq Texas, LLC, Nasdaq PHLX LLC, Miami International Securities Exchange, LLC, Nasdaq GEMX, LLC, Nasdaq MRX, LLC, MIAX PEARL, LLC, MIAX Emerald, LLC, MIAX Sapphire, MEMX LLC, MX2 LLC, and Investors Exchange LLC Concerning Options-Related Market Surveillance, is a Federal Register notice from Securities and Exchange Commission published 2026-08-13, effective 2026-08-07; PRIA reads it as touching household money (as of 2026-08-20). - Canonical: https://policyrisk.com/federal-register/2026-16470 - As of: 2026-08-20 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-16470 - Title: Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Notice of Filing and Order Approving and Declaring Effective an Amendment to the Plan for the Allocation of Regulatory Responsibilities Among NYSE American LLC, Cboe BZX Exchange, Inc., the Cboe EDGX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe Exchange, Inc., Nasdaq ISE, LLC, Financial Industry Regulatory Authority, Inc., NYSE Arca, Inc., The Nasdaq Stock Market LLC, BOX Exchange LLC, Nasdaq Texas, LLC, Nasdaq PHLX LLC, Miami International Securities Exchange, LLC, Nasdaq GEMX, LLC, Nasdaq MRX, LLC, MIAX PEARL, LLC, MIAX Emerald, LLC, MIAX Sapphire, MEMX LLC, MX2 LLC, and Investors Exchange LLC Concerning Options-Related Market Surveillance - Type: Notice - Agencies: Securities and Exchange Commission - Citation: 91 FR 52365 - Published: 2026-08-13 - Effective: 2026-08-07 - Comments close: not stated - Significant: no - Touches household money: yes - Regulation identifier numbers: none - Last updated: 2026-08-20 ## In one line 26 Exchanges Team Up for Options Spy Duty—SEC Says Yes ## Summary The SEC just approved a new plan that updates how 26 big stock and options exchanges, plus FINRA, share the job of watching over options trading to keep things fair and safe. This change helps these groups work better together without costing anyone extra or causing delays. It kicks in right away, making sure market surveillance stays sharp and smooth. ## Effects PRIA read - Plan Adds MX2 and IEX: mixed, low. The amendment filed July 23, 2026 adds MX2 LLC and Investors Exchange LLC (IEX) as Participants to the Rule 17d-2 Options Surveillance Plan and records the name change of Nasdaq BX, Inc. to Nasdaq Texas, LLC. This formally makes MX2 and IEX parties to the Plan and part of the Options Surveillance G… - Relieves Duplicate Options Examinations: benefit, medium. Under the Plan, when a Participating Organization is named the Designated Options Surveillance Regulator (DOSR) for a common member, all other SROs to which that common member belongs are relieved of the regulatory responsibility allocated to the DOSR. The Plan is described as designed to reduce re… - FINRA Conducts Delta Hedging Exams: mixed, low. The Plan specifies that FINRA will conduct examinations for the delta hedging exemption under options position limits for all Common Members that are FINRA members. For Common Members that are non-FINRA members, the same Participant conducting position limit surveillance will conduct delta hedging… - DOSR Allocation Rules and Rotation: mixed, low. The Options Surveillance Group (OSG) will allocate Common Members that conduct an options business among Participants no less frequently than every two years. Allocations are to be made to equalize assignments as nearly as possible, will rotate so a member is not allocated to the same Participant w… - Possible Fee If DOSR Can’t Complete Work: cost, low. If a DOSR advises the Group it cannot complete its Regulatory Responsibility, the Group may reallocate those Common Members among remaining Participants and may determine to impose a regulatory fee for services provided to the DOSR that was unable to fulfill its Regulatory Responsibility. ## Related documents - [2026-21037](https://policyrisk.com/federal-register/2026-21037): Investment Company Cross Trading, 2026-10-15 - [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06 - [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21 - [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10 - [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04 - [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21 ## Sources - [2026-16470 on federalregister.gov](https://www.federalregister.gov/documents/2026/08/13/2026-16470/program-for-allocation-of-regulatory-responsibilities-pursuant-to-rule-17d-2-notice-of-filing-and) - [2026-16470 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-08-13/pdf/2026-16470.pdf) ## Related - [Previous: 2026-16469, Choline Salts From China; Determinations](https://policyrisk.com/federal-register/2026-16469) - [Next: 2026-16471, Reopening of Comment Period; Notices of Request for Exemptive Relief, Pursuant…](https://policyrisk.com/federal-register/2026-16471) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-16470 (as of 2026-08-20).