New MIAX Rule 321 - Business Continuity And Disaster Recovery Plans And Testing Member Designation Standards

MIAX has adopted new Rule 321, Business Continuity and Disaster Recovery Plans Testing Requirements for Designated Members, which requires MIAX Members designated by MIAX (“Designated BCP Members”) to connect to and participate in certain functional and performance testing of the Exchange’s disaster recovery systems.  The rule reflects MIAX’s obligations under Regulation Systems Compliance and Integrity (“Regulation SCI”) to require designated MIAX Member participation in the testing of the operation of the Exchange’s business continuity and disaster recovery plans (“BC/DR plans”). 

MIAX will publish the date of the Exchange’s BC/DR plans testing promptly upon industry finalization and announcement of the date of the industry or sector-wide BC/DR plans testing.

Please refer to MIAX Regulatory Circular 2015-52 for more information on designation standards and requirements for Designated BCP Members.