MEMX also contends that these cash and in-kind contributions from MEMX Holdings will be sufficient to operate MEMX, including the regulation of the exchange, and that MEMX Holdings and MEMX will enter into an agreement requiring MEMX Holdings to provide appropriate funds for exchange transactions, including the regulation of the exchange. [120] Although MEMX is an SO with all regulatory obligations under the Act, it has argued before the Commission its intention to enter into a regulatory services agreement (“RSA”) with FINRA, under which FINRA, as a regulatory service provider, will perform certain regulatory functions on behalf of MEMX. [123] MeMX expects these services to include the implementation of investigative, disciplinary and hearing services. [124] Notwithstanding the RSA, MEMX retains legal responsibility for regulating its members and its market, as well as FINRA`s performance as a regulatory service provider. As MEMX anticipates entry into an RSA with FINRA, it has made no provision to meet the regulatory services taken over by FINRA. Accordingly, the Commission conditions the operation of MEMX on a definitive RSA specifying the services provided to MEMX. A plan declared effective by the Commission under Rule 17-2 exempts the specified SAR from the regulatory responsibilities assigned by the plan to another SRO. [134] MEMX has indicated to the Commission that it will be involved in all applicable plans, including plans for the allocation of regulatory tasks within the meaning of Rule 17.2 [135] Like other stock markets, the Commission considers that MEMX will enter into a bilateral agreement within the meaning of Rule 17d-2, covering the joint members of MEMX and FINRA. This agreement is attributed to FINRA`s regulatory responsibility for common members for certain regulatory and enforcement issues arising from certain common rules and provisions of the law and the rules and regulations mentioned in it. In addition, the Commission conditions the operation of MEMX in exchange for MEMX, which is for the first time associated with existing multilateral rules 17d-2, including the multi-party plan of Rule 17d-2 for the allocation of regulatory tasks relating to certain nMS rules and the consolidated trail audit rules and the multi-party plan of Rule 17d-2 for monitoring, investigating and enforcing common rules for insider trading. [136] 137.  For common members, regulatory obligations are covered by the provisions of Rule 17-2, and for MEMX members who are not also members of FINRA, regulatory obligations are covered by the RSA. 149.

See e.g.B. cboe 11.6 and 11.8. While the MEMX 11.10 rule, Interp .02 (b), which offers lot demolition features, much like Cboe EDGX rule 11.10, Interp .02 (b), memx uses the term “lot demolition functionality,” while Cboe EDGX uses the term “cleaning sports” and Cboe EDGX indicates that a user “can simultaneously cancel all or part of his orders in one or more symbols , while the MEMX provision indicates that a user can cancel all or part of their commands simultaneously in one or more symbols.” D. Article 17 fifteen of Agreement 2. An agreement under Rule 17d-2 [225] that provides regulatory responsibility for the above issues [226] must be declared effective by the Commission, or MEMX must prove that it is able to meet all of its regulatory obligations independently.